Input 2021.03.07 11:37 | Revision 2021.03.07 14:11
Land transaction restrictions or reporting system introduced
Emphasis on “promoting real estate policy on schedule”
Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, said, “We will make sure that the unfairly gained gains will be returned to the public officials, including employees of the Korea Land and Housing Corporation (LH), regarding the alleged speculation of land in the third new city.
At 11:30 am on that day, Deputy Prime Minister Hong presided over a meeting of real estate-related ministers at the Seoul Government Complex, and announced the’A Word to Real Estate-related People’. He said, “We will also consider making sure that the motives of individual deviations are fundamentally blocked, and strengthening the management responsibility of the entire institution in case of a significant deviation.
He said, “In relation to this situation, if real estate speculation is confirmed in a joint investigation by the government, we will take non-tolerant measures such as requesting an investigation and taking disciplinary measures,” he said. “The pursuit of private interests using public office in any form should never be tolerated. “He said. He added, “Both the public officials and public officials should use this as an opportunity to accept the wounds of the people endlessly and heavily.”
As a fundamental countermeasure to prevent recurrence, the appropriate personnel of departments or agencies related to land development and housing work promised to limit land transactions within certain categories. In addition, it is a policy to report unavoidable land transactions. As one of the measures to strengthen internal control, he said that he would also consider introducing a system that allows constant monitoring such as the real estate registration system.
Deputy Prime Minister Hong said, “I think the public’s great disappointment in this situation is that the feelings of illegality, expediency, and unfairness appearing in the real estate market are expressed together.” It is a policy of aggravating punishment. ▲Illegal brokerage and disruption such as collusion that threatens the order of real estate transactions ▲Illegal brokerage and disturbances such as cancellation of false sales and reports These include resale and unfair subscription.
Deputy Prime Minister Hong said, “If speculativeness is confirmed in relation to the third new town, we will also investigate the source of funds, tax evasion, and compliance with the loan regulations.”
In the future, it will be reviewed promptly at the meeting of related ministers for real estate market inspection, and we will focus on discussion on the coming 10th.”
“The real estate market shouldn’t be shaken again,” he said, stressing the importance of real estate policy not losing power. He said, “Will the real estate market stabilize or return to an unstable situation?” I am sorry and afraid that it will be damaged,” he said.
Through a briefing, Deputy Prime Minister Hong expressed his strong will to push ahead with housing supply measures, including the 2·4 supply plan. He specifically introduced the supply schedule until July. In March, in consultation with private and local governments, it was announced that the candidates for the second and fourth supply measures selected and the second candidates for public redevelopment according to the August 4th measures last year will be disclosed.
In April, the location of the second new public housing site is announced, and in June, it plans to start recruiting tenants for the newly introduced public jeonse housing in the cheonsei measure announced in November last year. Deputy Prime Minister Hong said, “In July, we will begin pre-subscribing to the 3rd new town that the people have been waiting for with anticipation,” and “We will also announce candidates for the urban public housing complex project to be promoted this year according to the 2nd and 4th measures.”
Deputy Prime Minister Hong said, “To the people who are already very tired from Corona 19, this position is very heavy and regrettable because this situation is very heavy and regrettable.” I will do my best to establish it. I think that is the way to count the broken hearts of the people and restore trust to the public sector,” he said.