New housing acquired after announcement of measures
In case of public development, it is subject to’cash settlement’
Was kicked out after not receiving a permit
“Concerns about infringement of property rights by false users
“This real estate countermeasure will result in’transaction shock’, not’supply shock’. In fact, it is the same as the’Restriction on Real Estate Transactions Act’.”
Since the government announced on the 4th that it will supply 836,000 households nationwide, including 323,000 households in Seoul, by 2025, there have been concerns about a’deal cliff’ at the site. It is growing.
This is because real estate such as houses purchased after the announcement date (4th) has decided not to give priority to apartment supply (right to move in) even if public-led development takes place.
The problem is that no target site has been decided yet for the’city center public housing complex project’ that develops station areas, semi-industrial areas, and low-rise residential areas, and the’public direct implementation maintenance project’ in which the public is the subject of reconstruction and redevelopment. In the case of the house where you live now, it is said that it can become a public-led development area at any time, but can be liquidated in cash. Cash liquidation means not receiving a new apartment after development and being compensated with an appraisal price lower than the market price.
It is intended to prevent speculation, but there are observations that the seeds of the transaction will dry out in the market. The transaction of villas and detached houses in redevelopment areas where it is difficult to carry out their own business was hit directly. The sale of apartments has also become hesitant except for new construction that has already been developed and the final reconstruction that is about to be approved for management. In the online real estate community, complaints such as “You have to buy only ambiguous constructions or expensive new constructions that can never be redeveloped or rebuilt in the public,” “I don’t know when the supply will be, but are you saying that you should only buy jeon or rent?”
Professor Shim Gyo-eon of Konkuk University said, “If you buy a house from now on, you will have uncertainty that can cause damage at any time. As of the date of the announcement of the countermeasure, cash liquidation will be decided without exception, and the property rights of the buyer will be violated.” said. Some point out that it may be unconstitutional to apply cash liquidation retrospectively to buyers of houses before designation of a business site.
Reporter Lee Yoo-jung/Shin Yeon-soo [email protected]
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