“Private participation-based project supply target quantity, calculation of conservative perspective”
Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, announced on the 17th that the controversy over property rights violations dated “constitutional party compensation” over the government’s plan to liquidate cash without giving priority to real estate acquisitions in development projects after the announcement date of the 2/4 supply plan .
Deputy Prime Minister Hong said at the 15th Real Estate Market Inspection Ministers’ Meeting held at the Seoul Government Complex on the same day, “According to the current Land Compensation Act system, compensation for the property of the existing owner is in principle in cash compensation.”
He said, “The compensation given after the appraisal is constitutional compensation.” “He emphasized.
It also dismissed the question that the supply target volume of projects based on private participation was overstated.
He explained that the expected participation rate of the market, which is the basis for volume calculation, was calculated from a conservative perspective, assuming 5-25%, taking into account the fact that the public offer participation rate in public redevelopment 2020 was 25.9%.
Deputy Prime Minister Hong predicted, “If the designation of the project destination is made quickly in the future, the misunderstanding about the feasibility may be cleared.
Regarding the point that private autonomy is limited by public direct implementation maintenance projects, “To speed up the supply of housing while maintaining the track of the existing cooperative-style reconstruction and refurbishment projects, additional profit rates and exemptions and mitigation benefits from various regulations and burdens are provided “It is to reflect the intentions of landowners and associations, or to broaden the options,” he said.
He added, “The landlords and associations who have agreed to the project can directly select and notify the desired apartment brand prior to the priority supply agreement, and the private construction company will be in charge of design and construction by reflecting the preference of the tenant.”
/yunhap news
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