Real estate policy sinking… No captain
Confidence in public-led policy declines
Absence of the control tower of the Minister of Time and Economy
Election of LH’s new president is in the midst of
Difficulties in legislative processing due to political conflict
The 3rd new town development project was also in progress
[아시아경제 조강욱 기자] The government’s real estate policy is on the verge of losing momentum due to speculation by employees of the Korea Land and Housing Corporation (LH). Due to the delay of resignation by Minister of Land, Infrastructure and Transport by the Minister of Land, Infrastructure and Transport, and the prolonged vacancy of LH president, the policy command tower disappeared. In addition, as the trust of the public-led policy declined, there was a growing concern that it would disrupt not only the selection of the second new public housing site, but also the third new city. There are also concerns that the current situation caused the Moon Jae-in government’s real estate policy, which remains in office for more than a year, to actually fall into a lame duck. ▶3 related articles
According to related industries on the 15th, Minister Byeon expressed his gratitude on the 12th, stabilizing the real estate market, and the government’s policy to expand housing supply was also inevitable. President Moon said, “We have to finish up to the basic work of legislation,” but the driving force has already shaken greatly in the face of loss of trust in policy and lack of leadership.
The vacancy of the president of LH, who is responsible for conducting the practical work of the 2·4 countermeasures, is also expected to be prolonged. Initially, Seoul Housing and Urban Corporation (SH) President Kim Se-yong was mentioned as the leading candidate, but the Ministry of Land, Infrastructure and Transport decided to re-recommend the candidate, and the election of the new president is also in the dark as the government reorganizes the LH organization. The situation in which the head of the department in charge of real estate policy and the head of a key public corporation was at the same time occurred.
The follow-up legislative process to promote the second and fourth measures such as the Special Public Housing Act and the Urban and Residential Environment Improvement Act has been virtually’all-stop’. The government was expected to pass a follow-up bill within this month, revised the enforcement ordinance, etc., and put it into effect before June. However, these bills were not even presented to the general meeting of the National Assembly’s Land, Infrastructure and Transport Committee held on the 12th. Considering the remaining National Territory Commission schedule, it is theoretically impossible to assume it during this month.
In addition to the selection of the second new public housing site scheduled for next month, it is unclear whether the five 3rd new town development projects already announced, such as Hanam Gyosan and Namyangju Wangsuk, which will begin pre-subscription in July, will be completed. In particular, as the’National Solidarity Countermeasures Council for Public Housing Districts’, composed of the land owners of 65 public housing districts nationwide, insisted that the 3rd new city be completely eliminated, the trust in government policies is falling to the bottom.
Seo Jin-hyung, president of the Korean Real Estate Association (Professor of Kyungin Women’s University) said, “The success or failure of government policies depends on the trust received from the people, but it seems that the current LH speculation has lost trust to some extent.”
Reporter Jo Kang-wook [email protected]