The Ministry of Land, Infrastructure and Transport announced that it has no plans to lift green belts (development restricted areas) in Seocho and Songpa-gu, Seoul. Some pointed out that it is necessary to supply new homes to these regions to absorb the demand for housing in the Gangnam region. The Ministry of Land, Infrastructure, and Transport plans to announce a monthly housing supply plan in the future to alleviate unrest in housing supply and demand.
The first vice minister of the Ministry of Land, Infrastructure and Transport Yoon Seong-won appeared on a terrestrial radio program on the 25th and made this announcement. Deputy Minister Yun said, “When preparing for the August 4th measures last year, various opinions came out to loosen the green belt in the Gangnam area of Seoul, and it was controversial even in the political world.” said.
On the 24th, the previous day, the Ministry of Land, Infrastructure and Transport designated Siheung District of Gwangmyeong as the third new city and announced a plan to supply 70,000 homes. Vice Minister Yun said, “Since the 3rd new city is 1.3km away from the Seoul border, it is closer than the 1st new city Bundang and Ilsan (4.4km) and the 2nd new city Gimpo (10.3km). It is also possible to absorb Seoul demand.” He said, “Since Gwacheon and Hanam have already announced supply measures, the demand for Gangnam can be sufficiently absorbed if the quantity is pre-sale and construction begins.” In Siheung, Gwangmyeong, 28,000 households, or 40% of 70,000 households, are expected to come out as general sales. Deputy Minister Yun explained, “Apartments sold in public housing districts are usually supplied at a low price of 70 to 80% of the market price.”
Vice Minister Yoon also expressed a willingness to speed up supply to stabilize the real estate market. It plans to disclose the monthly housing supply schedule to relieve anxiety about the supply and demand of housing. Deputy Minister Yun said, “Up to now, when we announced the supply plan, we collected and announced the quantity after the consultations with the related agencies were over.” This time, the priority is to resolve supply and demand in order to stabilize the house price, so when the consultation is completed, the announcement will be made immediately. It is planned.” The Ministry of Land, Infrastructure, and Transport plans to announce the area requested by local governments to expand supply to the city center next month, and in April, it will disclose the remaining quantities other than the public housing site announced the day before. Next, in May, it plans to enter a public offering for direct implementation of the maintenance project and announce the first candidate site in July.
Reporter Choi Jin-seok [email protected]
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