A view of downtown apartments from 63 Square in Seoul. [유대길 기자, [email protected]]
In addition, the Democratic Party and the government held a consultation with the party and the government for a’plan to expand the real estate supply’ and agreed to supply housing in the Seoul and metropolitan areas and to improve the legal system for this.
The party and the government held a meeting at the National Assembly on the morning of the 4th to discuss ways to expand housing supply in metropolitan areas. In his remarks on the day, Democratic Party leader Kim Tae-nyeon said, “We have prepared a large-scale housing supply plan that exceeds market expectations in Seoul and the metropolitan area, where there is a lot of housing demand. This supply measure contributes to the stabilization of the housing market and “I will make my dream come true.”
“The key to this measure is to secure the stability, speed, and publicity of the housing supply,” said Kim Won-nae. “We will prepare various types of supply plans by region and period so that the supply of housing is sufficient and stable.” .
As for the supply plan, △Public redevelopment in connection with urban regeneration in the old city center, promotion of public goods construction △Supply strategy for each location type, such as increasing residential density through deregulation of station area and semi-industrial zones, △Secure short- and mid- to long-term supply.
“Improvement of the legal system for rapid housing supply will be promoted by the Party as the top priority,” said Won Nae Kim, and “Please make sure that the government makes every effort so that the countermeasures can be carried out smoothly.”
In particular, Won-nae Kim said, “To secure publicity, we will ensure that the development profits are appropriately distributed to business operators, local communities, and tenants, and plan to prevent side effects such as price increases in new sites.” He emphasized, “We will cut off speculative demand and profits at the source to stabilize the real estate market and promote fair taxation policies.”
Ik-pyo Hong, chairman of the Policy Committee, said, “We will not give up the firm principle of the housing welfare policy under the basic that we must supply sufficient quantities according to the demand and supply of the housing market. We will supply enough supplies to the market, while the vulnerable, low-income and young people We will also go ahead with residential welfare measures for the back,” he said.
“The success or failure of the housing supply measures in the urban metropolitan area depends on the speed and quantity.” He said, “We will discuss with the opposition party for a quick revision of the law,” he said. “This countermeasure will take additional measures to prevent disturbances such as urban speculation, short-term housing price increase or speculation recurrence.”
In addition, Democratic Party leader Kim Tae-nyeon (left) and policy committee chairman Hong Ik-pyo participated in the party-government conference on a plan to dramatically expand housing supply in metropolitan areas held at the National Assembly on the 4th.[사진=연합뉴스]
Minister of Land, Infrastructure and Transport Byun Chang-heum, who attended the meeting, promised to improve the subscription system along with supply measures.
Minister Byeon emphasized, “As the demand for quality housing is increasing due to the increase in income and accelerating household division, there is an urgent need to prepare a housing supply plan in the city center.” He added, “I think (this measure) will be able to quickly supply houses of quantity, location, and quality that exceed market expectations.”
Minister Byeon said, “By improving the subscription system, we will greatly expand opportunities for newlyweds, not only for the first time in their lives, but also for general 3040 homeless families.
In addition, Minister Byeon said, “We will introduce a cyclical redevelopment method entirely to solve the problem of immigration caused by loss,” and “We will preemptively prevent short-term house price anxiety that may arise during the development process by designating a land transaction permission zone.” He announced.