Hong Nam-ki “New public housing site, candidate site announced by the second quarter”

“More than 2 million units supplied by 2025…the largest in the 2000s”

Deputy Prime Minister Hong Nam-ki presides over the meeting of ministers concerned with real estate market inspection
Deputy Prime Minister Hong Nam-ki presides over the meeting of ministers concerned with real estate market inspection

(Seoul = Yonhap News) Reporter Seung-du Kim = 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 Government Complex on the 17th, attended by Minister of Land, Infrastructure and Transport. 2021.2.17 [email protected]

(Sejong = Yonhap News) Reporter Kwak Min-seo Chae-yeon = Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said on the 17th, “Starting from the first quarter by thoroughly preparing details such as demarcation, about 250,000 new public housing sites out of the February 4 measures. We plan to quickly complete the announcement of the candidates by the second quarter.”

Deputy Prime Minister Hong held a meeting of ministers concerned with real estate market inspection at the government’s Seoul office on the same day and said, “The government plans to focus all its capabilities on accelerating the execution of the 2·4 supply measures in the future.”

He stressed, “We will submit the relevant bill to the National Assembly this week and push for revision by March so that there will be no setbacks in implementation in June.”

The government plans to promote revisions of the Special Public Housing Act, Urban Improvement Act, Small Scale Maintenance Act, and Urban Regeneration Act through legislative legislation.

Deputy Prime Minister Hong also said, “In the case of urban public housing complex projects and public direct implementation maintenance projects, we will hold briefing sessions on candidate areas for two to three months intensively from February to business parties so that candidate sites can be selected with the enforcement of the law.” Said.

Deputy Prime Minister Hong said he would speed up the implementation of existing measures.

He said, “As for the new sites for the August 4 measures, consultations such as local governments are underway in most regions, so it is expected that the approval and approval procedures such as district designation and project approval will begin in earnest within this year.”

Deputy Prime Minister Hong Nam-ki presides over the meeting of related ministers for real estate market inspection
Deputy Prime Minister Hong Nam-ki presides over the meeting of related ministers for real estate market inspection

(Seoul = Yonhap News) Reporter Seung-du Kim = 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 Government Complex on the 17th, attended by Minister of Land, Infrastructure and Transport. 2021.2.17 [email protected]

“The Taereung Golf Course site will be designated as a public housing district in the second half of this year, and the Seoul Public Procurement Service site will shorten the period by improving the project procedure by moving the temporary government building first and then developing the site.” “We plan to conclude the consultations with the Metropolitan Police Agency as soon as possible,” he explained.

In addition, he added, “We will strive to ensure that the supply of 49,000 units nationwide during the first half of the first half of the year is achieved without any problems, but we will also complete system improvements by March, such as the establishment of a loan guarantee for the new purchase agreement announced on February 4,” he added. .

Deputy Prime Minister Hong emphasized, “If the 2 and 4 measures and the previously announced volume are combined, more than 2 million houses, specifically 2.55 million houses will be supplied by 2025,” he said, “the largest in the 2000s.”

It is calculated that if you add 1.27 million units in the metropolitan area and 75,000 units for the previous generation to the 836,000 units in the second and fourth measures, it will be more than 2 million units, excluding 127,000 units in the duplicate volume.

He said, “Since there was an experience in which the sale price of apartments in Seoul was greatly adjusted during the global financial crisis, now is the time for market participants to take part in the market by taking a cool look at a longer watch.”

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