Conservative opposition redevelopment and reconstruction voices… Sang-ho Woo and Sang-jung Shim “Is speculation activated?”

  According to the Seoul Real Estate Plaza on the 14th, the number of apartment transactions in Seoul last month was 4436, which already exceeded the October transaction volume (4369).  Considering that the filing deadline (30 days) remains about half, the November transaction volume is likely to increase further to exceed 5,000 cases.  A view of the Songpa-gu apartment complex as viewed from Seoul Sky, the observatory at Lotte World Tower, Songpa-gu, Seoul on the 14th.
A view of an apartment complex in Songpa-gu from Seoul Sky, the observatory at Lotte World Tower, Songpa-gu, Seoul on December 14, 2020.
Ⓒ Yonhap News

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Another real estate.

This is the number one reason why respondents who negatively evaluated the performance of President Moon Jae-in’s duties in the results of the second week of January, a polling agency specialized in public opinion polls at Gallup Korea. This has been the case since Chuseok (refer to Gallup Korea or the website of the Central Election Survey Deliberation Committee for detailed survey results).

The real estate issue, especially the house price in Seoul, is also the biggest issue in the 4.7 by-election. The ruling and opposition parties are pouring out real estate-related pledges every day, revealing clear differences. As the political stance of the political party or candidate is revealed, the debate is heating up.

People’s Power·People’s Party “Private redevelopment and reconstruction activation”

  Kim Jong-in, Chairman of the National Forces Emergency Response Committee (left) and Ahn Cheol-soo, president of the National Assembly.
Kim Jong-in, Chairman of the National Forces Emergency Response Committee (left) and Ahn Cheol-soo, president of the National Assembly.
Ⓒ Oh My News

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The conservative opposition is different, but it is similar in general. It is to expand supply and ease regulations.

On the previous day, Kim Jong-in, chairman of the People’s Strength Emergency Countermeasures Committee, said, “We will promote the development of high-density and high-rise buildings in the existing city center by revitalizing the reconstruction and redevelopment projects that were halted due to various regulations.” In addition, he promised to abolish the capital gains tax system, saying, “Relieving the transfer tax is the only option in the situation where short-term supply expansion is necessary.” kr/1rlpx)

Ahn Cheol-soo, the representative of the National Assembly Party, also announced, “We will aim to supply 746,000 units over the next five years by creating an environment in which the supply of housing and the private sector can actively promote redevelopment and reconstruction.” He said that the government will not only develop station area and semi-industrial areas, but also utilize various unused sites in Seoul, and reduce the floor area ratio of maintenance projects such as redevelopment, reconstruction, and remodeling as much as possible. In addition, he added that the policy demand group will be adjusted to those in the 3040s and 5060s (related article: Ahn Chul-soo “Supply 760,000 units for 5 years through redevelopment and reconstruction” http://omn.kr/1rpit).

Sang-ho Woo “740,000 issue for 5 years? Ahn’s vain promise”

  On the 13th, Rep. Sangho Woo of the Democratic Party, who has declared a run for the re-election of the Mayor of Seoul, is announcing the real estate policy at the Communication Hall of the National Assembly.
4·7 Democratic Party Rep. Sang-ho Woo, who has declared a run for the re-election of the Mayor of Seoul, is announcing the real estate policy at the National Assembly Communication Hall on the 13th.
Ⓒ Joint coverage photo

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In a Facebook post on the 15th, Rep. Sang-ho Woo, the Democratic Party’s only preliminary candidate, stipulated that “The real estate measures announced by Candidate Chul-soo Ahn and the people’s strength one after another is a vague pledge that lacks concreteness and a measure to stimulate speculation.” He said, “CEO Ahn said that he would supply 740,000 units for 5 years through redevelopment and reconstruction, but even if he devoted all his efforts to New Town for the past 15 years, all he has supplied about 120,000 units.” Criticized.

“The real estate measures announced by the People’s Forces are a declaration that we will promote speculation by releasing all existing regulations to curb speculation,” he said. “This will inevitably increase house prices. “We can’t announce this promise.” Rep. Woo said, “Now, stabilizing market prices with a large supply of public housing is the most effective measure for housing stability,” he said. “The regulations for suppressing speculation should never be relaxed.”

Shim Sang-jung “People’s Power·National Party, to drive homeless people out of Seoul”

  On the morning of the 12th, Justice Party lawmaker Shim Sang-jeong holds a press conference at the National Assembly Communication Hall to promote some of the revised bills of the Housing Benefits Act to expand the beneficiaries of housing benefits.
On the morning of the morning of the 12th, Justice Party member Shim Sang-jeong held a press conference at the National Assembly Communication Hall to promote a partial revised bill of the Housing Benefits Act to expand the number of eligible residents.
Ⓒ Nam So-yeon

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Justice Party member Shim Sang-jeong, a member of the Land Transport Commission, also criticized on Facebook on the 15th as “the idea of ​​making Seoul a gray paradise for speculators” over the people’s strength and measures to supply real estate to the People’s Party. He said, “The housing penetration rate in Seoul is almost 100%, but Seoul is the only metropolitan metropolitan city with less than half of the people who have their own home,” he said. “‘Don’t ask, expanding supply’ is pouring oil into the price of a house that is already inflammable, “It’s about bringing homeless people out of Seoul at all.”

Rep. Shim said, “To stabilize the cheonsei market and housing prices, it is effective not to provide new supply measures that will be built only after 4 to 5 years, but to make multi-households appear in the market.” “I urge you to abolish it immediately, induce 1.6 million units for sale, and then operate them as purchased leases.” He also stressed that “supply should be thoroughly dealt with in the housing welfare policy, focusing on the expansion of long-term public housing.”

He also urged the government and the ruling party to “don’t succumb to the theory of supply expansion, taxes, and deregulation, which can be powerful only at the time of the election.” Rep. Shim added, “Please keep in mind that whether the government, which has barely set the direction of the tax increase and the lease protection law, can endure and maintain consistency until the law achieves effective results, will determine the success or failure of real estate policy.”

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