Real Estate: Economy: News: Hankyoreh

Seedlings are planted in a field in Gwarim-dong, Siheung-si, Gyeonggi-do, where allegations of speculation by LH employees have been raised. yunhap news

Regarding the controversy of the Korean Land and Housing Corporation (LH) employees’ speculation on the planned site of Gwangmyeong and Siheung, they identified a method of maximizing speculative profits through a kind of preferential treatment given to landlords who own 1,000㎡ or more of land. There is an analysis that it would have been aimed. In particular, the Special Act on Public Housing, which is applied to the 3rd new city development, has a special provision in the enforcement decree that effectively permits land dumping using the negotiated transferable housing site, unlike the Housing Site Development Promotion Act, which is applied to the existing large-scale housing site development. Appeared to be doing. In summary, on the 8th, if the land area in the public housing district is 1,000㎡ or more, you can receive a kind of’land pre-sale right’ to receive the detached housing site built in the housing district, apart from cash compensation for the land. have. Detached housing sites given to landlords of 1,000 square meters or more are referred to as’conventional transferable housing sites’ (negotiated housing sites), and landlords who have the right to sell negotiated housing sites pay the sales price set by a project operator such as LH You can buy residential land from LH. The problem is that through the negotiated housing site, you can enjoy enormous market gains. The third new city is developed by applying the Special Public Housing Act (Gongju Act), and the Gongju Act’s enforcement decree has a special case for reselling the negotiated housing site. Accordingly, LH permits the resale of the negotiated housing site without price restrictions. This means that the landowner who received the sale of the condominium can sell it to other people at a premium. Under the Housing Site Development Promotion Act applied to Wirye New City, etc., the contracted housing cannot be resold after 2007. Exceptionally, even if it is resold with the consent of the project implementer, it must be sold at a price below the pre-sale price. In particular, since 2017, resale of detached housing land in public housing districts has been banned for two years, so it is almost the only way to resell the negotiated housing site with a premium as soon as it is sold. In addition, the general public can be eliminated because it is sold by lottery, but it is advantageous that the target of the negotiated housing site only allocates the land location by lottery, and the land supply is virtually guaranteed. LH employees bought land in the planned new city two or three years ago, thus becoming landlords who could sell the housing site at high cost. Gwacheon Knowledge and Information Town is the place where investments have been made most actively in this way. Online, recommending investment in Gwacheon Knowledge and Information Town’Neopui-House Land’, saying, “They only invest in their own league, detached housing land.” “The cost of multi-family housing in Gwacheon Old City is 35 million won per pyeong, but the sale price of Hyeopui Housing Land is 11 million won.” There are a number of promotional articles posted by brokerage firms, such as “”. A realtor on the Gwacheon side said, “The price of negotiated housing land sold for 1 billion won is about 2 billion won,” and said, “It can be regarded as giving preferential treatment to the indigenous people.” It is highly likely that the LH employees, who were suspicious of pre-speculation, best understood this “preferential” given to landlords of 1,000 square meters or more during the 3rd new city development process. As a result of a survey of the registered copies of the lot owned by LH employees, which was released by the Association of Participation and the Association of Lawyers for Democratic Society (Minbyun), at least 7 out of 13 worked at the Gyeonggi Regional Headquarters, which was responsible for the development of Gwacheon Knowledge and Information Town. It is difficult to rule out the possibility of speculation in the Gwangmyeong and Siheung districts, where the development of a new city is certain based on the information on the negotiated housing land obtained while working at the Gyeonggi Regional Headquarters. In addition, Gwacheon Knowledge Information Town supplies’store combined detached housing site’ (store combined use), so-called’shopping house’ as a negotiated housing site, unlike the general agreement housing site supply method that only supplies’residential detached housing site’ (residential only). Appeared. Commercial housing is popular as a real estate investment product for retirees in preparation for their retirement as they can earn not only housing rental fees but also shopping district rental income. Store-combined use is a competitive bidding method when the general public receives the sale, so those who pay a high price receive the sale. On the other hand, Hyeopui-House Land can be sold at an appraised price that is cheaper than the market price. A real estate agent on the Hwaseong side said, “The premium for residential land use is 10 million won, and the contracted housing land for both stores is 100 million won.” In particular, the fact that the LH regional headquarters, which entirely compensates for whether the negotiated housing will be used as a store or for a residential use, is determined by the LH employees, with confidence that they were able to make a loan worth 10 billion won with 60-70% loan. It seems to be the basis. An LH official said, “Because the target of the negotiated housing site is flexible, the local headquarters will refer to the land use plan to determine the location of the negotiated housing site, quantity, and whether or not to use it as a store.” By Jin Myung-sun, Kang Jae-gu, and Lee Ju-bin, staff reporters