On the 13th, Kim Jong-in, chairman of the People’s Power Emergency Response Committee, insisted, “I will revitalize the reconstruction and redevelopment projects that were halted due to various regulations, and promote high-density development in the existing downtown area.”
On-Site Pool) Kim Jong-in, Chairman of the People’s Power Emergency Response Committee, is announcing the party-level real estate normalization measures ahead of the Seoul Mayor’s by-election at the National Assembly on the 13th. Chairman Kim said, “First, we will revitalize the reconstruction and redevelopment projects that were stopped due to various regulations, and promote the existing city center through high-density and high-rise development.” Reporter Oh Jong-taek
This afternoon, at a press conference held by the National Assembly without prior notice regarding measures to normalize real estate.
Chairman Kim said, “All the government-style real estate policies of Moon Jae-in ended in failure. Rather, the side effects of the wrong policy swept the country.” He added, “It is not a matter of going through a three-line, soulless apology.” He pointed out, “It is to deceive the public to promote supply expansion without major innovation in the existing policy stance.”
It is President Moon’s New Year’s address that was announced on the 11th that he hailed as the’half-seat soulless apology’. In his New Year’s address, President Moon apologized for the real estate issue for the first time, saying, “I am very sorry to the people who are disheartened by the difficulties of housing.” Also, “I will not hesitate to prepare necessary measures to stabilize the housing. With special emphasis on supply expansion, we will quickly come up with a variety of housing supply plans that can be effective quickly.”
Accordingly, Chairman Kim demanded a major innovation in the policy stance rather than expanding supply.
Chairman Kim emphasized revitalization of reconstruction and redevelopment through deregulation. “Over the past 10 years, Seoul has abolished 400 maintenance projects, so about 250,000 houses have not been properly supplied.” “The city’s floor area ratio standard was raised, the safety diagnosis standard was adjusted, and the sale price ceiling was abolished. It has to be solved by using it.
He also proposed a plan to secure residential land by undergrounding the Seoul railroad car base or major arterial roads. Regarding the easing of the transfer tax, which is being argued in the passport, he argued that “the abolition of the heavy duty system for transfer tax will ease the tax burden on real estate transactions and induce locked properties to appear in the market.” The price calculation system should be readjusted to a whole-of-government management system, and the public price ceiling rate should be specified in law.”
Regarding the press conference on the day, an official from the power of the people said, “Chairman Kim is a consolation plan that has been head-to-head with members of the Party’s economic leaders Kim Hee-gon and Yoo Gyeong-joon.” Explained.
However, the intention to preemptively manage the real estate issue, an important issue of the election, is also read ahead of the by-election of Seoul and Busan mayors in April. A party official said that there is a strategy that the people’s power will preempt the policy advantage when multiple voices come out of the passport over the easing of capital gains tax or reconstruction/redevelopment policies.
In fact, Chairman Kim said, “Based on today’s presentation, the candidate of the mayor of Seoul will present a specific proposal (as a pledge).”
Reporter Sung Jiwon [email protected]