Byun Chang-heum “Sufficient use of Seoul’s land can exceed expectations of housing supply”

Input 2021.02.03 17:31

Ministry of Land, Infrastructure and Transport Minister Byeon Chang-heum said on the 3rd, “I wonder if (quantity) could exceed expectations in terms that housing supply is possible if (residential land) is sufficiently well utilized in Seoul.” .

Minister Byun responded to the question of Justice Party lawmaker Shim Sang-jeong that’the government suddenly announced extraordinary supply measures that exceeded expectations and the market was inflated with expectations’ at a general meeting of the National Assembly’s National Land, Infrastructure and Transport Committee. It was a general expectation and perception that housing supply would be difficult because there was no land to develop,” he said.



Minister of Land, Infrastructure and Transport Byun Chang-heum answers inquiries at a general meeting of the National Assembly’s National Land Transport Committee on the 3rd. /yunhap news

Minister Byeon pointed out,’Isn’t it that he gave in to the real estate vested powers that foretold the special supply measures?’ “It is not to give in to, but to provide affordable housing that meets the public interest.”

Minister Byeon said, “It is necessary to change the government’s perception of the real estate market.” “There is more desire to increase total assets through other countries than any other country,” he said. “Comparing the same with other countries is not suitable for our country, but it is correct that special management or means are required.”

Minister Byeon said, “There were various measures to curb speculation in the event of a rise in real estate prices, beyond conservatism and progress, and please understand the circumstances inevitable.” “We will make sure that the market does not misunderstand (policy signals), or the (market) expects (quantity) is insufficient and (consumers) buy too much home.”

In a query for Democratic Party lawmaker Jin Seong-joon, saying, “Apart from supply measures, measures for stable market management are needed,” he said, “one of the important elements of this supply measure is to reduce speculation.” , “I am worried about not giving the right to sell when I invested late, or excluding areas with too much speculation (housing supply).”

Minister Byeon argued that’a real estate transaction analyst is needed to block speculation’. “In some regions, there are cases of systematic investment, so an organization such as the Real Estate Transaction Analysis Institute must be established in order to crack down and regulate this part.” Replied.

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