Chang-Hum Byun
Minister of Land, Infrastructure and Transport Byun Chang-heum said at the first policy meeting after he took office, “up to 513,000 houses will be sold in new sales this year.”
“Early stabilization of the housing market, above all, the hourly wage
New sales of up to 510,000 households this year”
The Ministry of Land, Infrastructure and Transport held a policy meeting hosted by Minister Byeon as a video conference on the 5th. Seoul and Gyeonggi Province, Korea Land and Housing Corporation (LH), Seoul Housing and Urban Guarantee Corporation (SH), Gyeonggi Housing and Urban Corporation (GH), Housing and Urban Guarantee Corporation (HUG), Korea Housing Association, Korea Housing Construction Association, Korea Real Estate Development Association and others participated.
Minister Byeon emphasized, “Early stabilization of the housing market is urgent above all,” and emphasized that “the balance between supply and demand management is important for this.” The Korea Housing Association and the Korea Housing Construction Association announced that the planned sales of apartments this year are a total of 346,000,000 households, an increase of about 23% compared to the 281,000 expected last year. In response, Minister Byeon said, “Including public stocks such as LH and prior subscription, the total pre-sale is expected to reach a maximum of 513,000 households.”
The basic direction of housing supply measures to be announced before the Lunar New Year holidays next month was also set. ▶ Application of fast track through public-private cooperation ▶ Supply of sufficient quantity through available land and public housing in downtown areas such as station areas ▶ Supply of high-quality housing connected with living infrastructure, innovative spaces and jobs ▶ Supply of housing preferred by consumers, not publicly-led ▶ Social agreement This includes appropriate distribution of development profits and preemptive blocking of speculative demand.
Minister Byeon said, “There is a view that housing supply is difficult in downtown Seoul, but if you effectively utilize subway station areas, semi-industrial areas, and low-rise residential areas, which are developed in low density in downtown Seoul, you can supply sufficient housing in downtown Seoul.” . It is planning to establish a fast track system through public-private cooperation in order to rapidly expand the supply of housing in downtown Seoul.
He also said, “Some are concerned about the supply of public-led, rental housing or public private housing, but the consumer preference comes first.” He added, “Quality and Affordable Housing with sufficient quantity in the location preferred by the consumer quickly It is more important than anything else to supply.” It reaffirmed the existing position that development profits should be properly distributed through social consensus.
At this meeting, the government and local governments decided to support procedures such as improvement of laws and regulations and procedures such as licensing in order to expedite supply measures. Public institutions such as LH are in charge of consulting, securing land, and pre-investment in the role of developers, while private construction companies start to supply high-quality housing through creative design and construction. Experts are in charge of supporting the concept of feasible business methods and business models.
Reporter Kim Won [email protected]