Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance presided over the 15th Real Estate Market Inspection Ministers’ Meeting held at the Seoul Gwanghwamun Government Complex in Seoul on the 17th.[사진=기획재정부]
On the 17th, Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said, “According to the current Land Compensation Act system, compensation for the property of the existing owner is in principle in cash compensation.” “Do” he said.
After the announcement of the 2·4 real estate supply plan, the government announced that it will compensate in cash without giving priority to real estate acquisitions in the development project area. After the controversy over property rights infringement, Deputy Prime Minister Hong started to evolve.
Deputy Prime Minister Hong said at the 15th Real Estate Market Inspection Ministers’ Meeting held at the Seoul Government Complex on the same day. It was the result of worry.”
Some point out that the supply target quantity of projects based on private participation was excessively recorded.
Deputy Prime Minister Hong said, “In the case of direct public redevelopment maintenance projects, the expected participation rate of the market, which is the basis for volume calculation, was calculated from a conservative perspective, considering that the current public redevelopment participation rate in 2020 was 25.9%, and assuming 5-25%.” He explained.
He added, “If the project destination is quickly designated in the future, misunderstandings about the feasibility may be cleared.”
He also eliminated concerns that private autonomy is limited by public direct implementation maintenance projects.
Deputy Prime Minister Hong said, “In order to speed up the supply of housing while maintaining the track of reconstruction and refurbishment of the existing union method, we presented a public-led fast track that provides more benefits, exemption and mitigation from various regulations and burdens.” It is to reflect the will of landlords and associations or to broaden the options.”
In addition, he explained, “The landowners and associations who have agreed to the project can directly select and notify the desired apartment brand prior to the priority supply agreement, and the private construction company will be in charge of design and construction by reflecting the preference of the prospective tenant. .
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