“In terms of housing supply, we need to change our thinking. What if we build a 15-20 pyeong rental apartment instead of a park in Yongsan, Seoul.”
Park Hyun-joo, chairman of Mirae Asset Group, who is called the’Securities Industry Myth’, gave an opinion on the real estate issue this time. It was through Mirae Asset Daewoo’s YouTube channel’Smart Money’ on the afternoon of the 3rd.
Regarding the supply of housing, Chairman Park said, “How about building a rental apartment in Yongsan or building a rental house in 2-3 golf courses owned by a public corporation and connecting it with a tram (road train)?” It means that the park should be used as a means of supplying housing when considering the urgency of the housing price problem in Korea.
Park Hyun-joo, chairman of Mirae Asset Group, explains the investment strategy on his YouTube channel Smart Money. YouTube capture
“House prices need to be distributed among universities and hospitals”
“Considering the mountains and the Han River, Seoul doesn’t have a lot of green space,” he said. “I don’t think there are many parks in downtown Seoul. Instead, we can plant more trees on the road.
Concerns were voiced over the expensive house prices. Chairman Park said, “The rise in real estate prices due to low interest rates has already been reflected.”
As a method of calculating the price of a house, it suggested resolving the imbalance of land. He said, “The real estate problem in Korea started from the focus of Seoul’s infrastructure,” he said. “In the long term, good universities and medical facilities must be distributed to local areas in order to get the house price.” They built foreign schools on the east and south coasts, and moved hospitals.
It was also concerned that real estate accounts for 80% of domestic household assets. Chairman Park said, “The current real estate rich may not be rich after 10 years,” and “Risk (risk) is increasing considerably, so now is a good time to allocate assets.” He added, “Don’t look at real estate too optimistic,” he added, “It may be more stable to invest in products such as stable data centers or distribution centers.”
Reporter Hwang Eui-young [email protected]