Comprehensive measures for housing supply in the metropolitan area announced as early as this week-Cheonji Ilbo

[천지일보=남승우 기자]  Urban apartment complex as viewed from 63 Art in Yeouido, Seoul.  ⒸCheonji Ilbo 2020.11.19
[천지일보=남승우 기자] Urban apartment complex as viewed from 63 Art in Yeouido, Seoul. ⒸCheonji Ilbo 2020.11.19

Pay attention to whether new housing sites in the metropolitan area are included

Consideration of plans such as excluding the sale price limit

[천지일보=유영선 기자] It is expected that the government will announce a comprehensive plan for housing supply in Seoul and other metropolitan areas in the middle of this week.

According to the government and the National Assembly on the 31st, the Ministry of Land, Infrastructure and Transport is reviewing plans to expand housing supply in the metropolitan area, including Seoul, and will announce it as early as the middle of this week.

In addition to the development of downtown areas such as the Seoul station area, it is reported that plans to additionally discover new housing sites in the metropolitan area outside Seoul are being reviewed in depth. It is known that, in addition to urban development such as the Seoul station area, plans to additionally discover new housing sites in the metropolitan area outside Seoul are being reviewed in depth.

The core of the countermeasure is expected to be high-density development of metropolitan subway stations, semi-industrial areas, and low-rise residential areas in downtown Seoul, as predicted.

However, it is reported that there is a high possibility that measures to secure new housing sites in the metropolitan area will be included in the measures to further expand housing supply. It is known that housing sites over small and medium-sized scales are being actively reviewed, even if they are not new city-level.

Previously, the Ministry of Land, Infrastructure and Transport announced several supply measures, such as measures 5.6 and 8.4, and revealed that it can supply additional housing sites whenever necessary, and is preparing for this.

President Moon Jae-in also mentioned at a New Year’s press conference that, in response to a question related to real estate policy, “we will increase supply specially to a level far exceeding the level expected by the market through drastic development of new residential land.”

Some point out that it is necessary to exclude the application of regulations such as the reconstruction excess profit return system or the sale price ceiling system in order to revitalize public small-scale reconstruction, a tool for public reconstruction and low-rise residential development. Accordingly, it is reported that the government is also under review.

The government is also on the keynote that excessive regulation should not interfere with the private housing supply, so it is observed that it is highly possible to apply the exclusion of the pre-sale price limit.

The specific location is unknown. If information on new housing sites is leaked in advance, it is subject to criminal penalties.

[천지일보=박준성 기자]  Minister of Land, Infrastructure and Transport candidate Byeon Chang-heum answers inquiries at a personnel hearing of the Ministry of Land, Infrastructure and Transport held at the National Assembly in Yeouido, Seoul on December 23 last year.  (Provided by the National Assembly) ⓒChunji Ilbo 2020.12.23
[천지일보=박준성 기자] Minister of Land, Infrastructure and Transport candidate Byeon Chang-heum answers inquiries at a personnel hearing of the Ministry of Land, Infrastructure and Transport held at the National Assembly in Yeouido, Seoul on December 23 last year. (Provided by the National Assembly) ⓒChunji Ilbo 2020.12.23

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