President Moon Jae-in is speaking at the 2021 business report of the Ministry of Land, Infrastructure and Transport held in the form of a video conference at the Blue House on the afternoon of the 16th. 2021.2.16 Blue House Photo Reporters
The government is confident in its success with the 2-4 real estate countermeasures, which are a supply measure of 830,000 units. Convinced that the price of the house could fall beyond stable, he even issued a warning to market participants, saying, “Take it cool.”
President Moon Jae-in ordered the Ministry of Land, Infrastructure, Transport and Tourism on the 16th to “walk a good luck on stabilizing house prices,” followed by Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance. Minister of Land, Infrastructure and Transport Byun Chang-heum also appeared in the media one after another, and predicted that the private sector would actively participate in supply measures, and house prices would stabilize. In the first half of the year, the government is planning to announce new housing sites with 250,000 households.
Deputy Prime Minister Hong emphasized that the market is stabilizing and that supply measures will come out without a hitch at the 15th meeting of ministers related to the real estate market inspection held at the government’s Seoul office on the 17th. Taking it a step further, he warned, referring to the period of the global financial crisis, that “home prices could fall.”
Hong Nam-ki “By 2025, 2,500,000 units will be supplied at a record level”
Deputy Prime Minister Hong said, “It is still too early to judge the market impact of the 2·4 measures,” he said. “According to last week’s statistics on the home sales market, the rise in sales prices in Seoul and local areas has slowed slightly.” He added, “The jeonse market has continued to accumulate sales due to the increase in the number of occupants in the metropolitan area, and since last December, the price increase has been decreasing.”
Among the second and fourth measures, about 250,000 new public housing lands are planned to be announced starting in the first quarter and by the second quarter for demarcation. Deputy Prime Minister Hong said, “When the 2nd and 4th measures and the previously announced quantities are added, 2,500,000 houses will be supplied by 2025, the largest since the 2000s.” 2.55 million units are the sum of 1.27 million units in the metropolitan area, 75,000 units for the previous generation, and 836,000 units for this countermeasure, minus 127,000 units in duplicate.
He said, “The government plans to focus all its capabilities on accelerating the execution of the 2 and 4 supply measures in the future.” Emphasized. It is a policy to promptly promote the revisions of the Special Public Housing Act, the Urban Improvement Act, the Small Scale Improvement Act, and the Urban Regeneration Act through legislative legislation.
It also announced that it will speed up the existing supply measures. Deputy Prime Minister Hong said, “As discussions with local governments, etc. are underway in most areas for new sites for the August 4 measures, the approval and approval procedures such as district designation and business approval will be in full swing within the year.” “The November 19 measures were 49,000 nationwide in the first half. “We will make every effort to ensure that the supply of households is achieved without disruption, but we will also complete system improvements by March, such as the establishment of a loan guarantee for a new purchase agreement announced on February 4,” he said.
Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, presides over the 15th meeting of Ministers of Real Estate Market Inspection, held at the Seoul Government Complex on the 17th with Minister of Land, Infrastructure and Transport Byun Chang-heum. / Photo = Yonhap News
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 be shortened by improving the project procedure by moving the temporary government building first and then developing the site. It is a position that it will immediately conclude a consultation with the National Police Agency to secure a replacement site for the Seoul Western License Examination Center.
Hong Nam-ki “Government has an extraordinary determination… Market participants, must look at the market in a cool manner”
It also opened its mouth to the controversy that arose over cash settlement among Seoul’s urban supply measures, the core of the second and fourth measures. After the date of the announcement of the supply plan, controversy over the government’s policy to liquidate cash without giving priority to supplying real estate in the development project area was controversial.
Under the current Land Compensation Act system, it reaffirmed the position that compensation for the property of the existing owner is’cash compensation is the principle’. He said, “The compensation given after the appraisal is constitutional compensation.” “He explained.
It also drew a line to point out that the supply target volume of projects based on private participation was excessively recorded. It is interpreted that it is overly conservative to assume that 5-25% of the public direct-implemented maintenance project has a participation rate of 25.9% in public redevelopment 2020.
Deputy Prime Minister Hong said, “In the case of urban public housing complex projects and public direct implementation maintenance projects, we will hold briefing sessions on candidate areas intensively for 2-3 months from February, so that candidate sites can be selected with the enforcement of the law.” It was expected that “if the designation of the project destination is made quickly in the future, misunderstandings about the feasibility will be eliminated.”
He also refuted the criticism that the autonomy of the private sector is limited due to the direct public improvement project, saying, “It is to reflect the intentions of landowners and associations or to broaden their options.” He said, “In order to speed up the housing supply while maintaining the existing union-style reconstruction and refurbishment project track, we presented a public-led fast track that provides more benefits, exemption and mitigation from various regulations and burdens.”
Deputy Prime Minister Hong Nam-ki did not miss a warning about the market. He said, “The government will surely achieve this special supply measure with an extraordinary determination.” He said, “Since there was an experience in which the sale price of Seoul apartments had been greatly adjusted during the global financial crisis, market participants now have a longer watch. “It’s time to take part in the market and keep it cool.”
In addition, “Eradication of unfair transactions is one of the three pillars of real estate market stabilization along with expanding real estate supply and managing speculative demand.” For the case where reports that have occurred frequently recently are canceled again after signing a contract, the Ministry of Land, Infrastructure and Transport and the Korea Real Estate Agency He also said that if a disturbing act is detected through intensive inspection, I will take strict responsibility without tolerance. As a result of intensive crackdown and regular investigation on unfair transactions such as illegal activities in the apartment sales market, a total of 86 cases and 409 people were cracked down this year, of which 18 and 42 people were prosecuted, and the tax evasion of 5872 people suspected of tax evasion was verified. He also added an explanation that it is in progress.
文 “Walk in Buddha’s fortune”…卞 “I will definitely succeed”
Meanwhile, President Moon Jae-in said, “I cannot but emphasize once again that the most urgent task that the Ministry of Land, Infrastructure and Transport must succeed is the real estate policy,” while receiving a video report from the Ministry of Land, Infrastructure and Transport at Yeomin Hall 1 of the Blue House the day before. ·4 I hope that the ministries will take the fate of stabilizing housing prices and cheonsei prices as soon as possible, focusing on real estate measures.”
President Moon said, “If the stability of the housing price and the rent for cheonsei is not realized as a result, it is difficult for the people to recognize the results,” he said. “Now, there is a need for a remarkable expansion of housing supply.” At the same time, “Please make sure that the real estate policy of Byeon Chang-Humpyo, which innovates the housing supply method through a change of idea, can create a sufficient amount of housing in urban areas, such as station areas, can be made publicly so that the people will no longer worry about housing problems.” Said.
Minister of Land, Infrastructure and Transport Byun Chang-heum. / Photo = Yonhap News
Minister of Land, Infrastructure and Transport Byun Chang-heum expressed confidence that his first countermeasure, the 2nd and 4th real estate measures, could be successful. The supply entrusted to the private sector could be sufficient, and this would stabilize the house price. He said, “After the announcement, we have been making positive evaluations on large-scale quantities, short-term supply plans, and communication with private entities,” he said. “We will successfully complete the housing supply business by smoothly pursuing follow-up measures such as selection of candidate sites.” Reported.
In an interview with Yonhap News that followed, Minister Byeon said, “The 2nd and 4th measures are highly effective measures with the strongest incentives and support systems ever,” and “because the business can be done quickly and profits in many ways, the landowner or union There is no reason not to do it.”
In this measure, the Ministry of Land, Infrastructure and Transport set the requirement for residents’ consent for public-led development projects to be two-thirds, but Minister Byeon predicted that the project could proceed smoothly with more than 90% consent through persuasion. He said, “The residents who do not agree with the project will eventually have to persuade the local governments and the cooperatives to persuade them,” he said. “We have prepared several measures for persuasion, so in the end, persuasion will work.”
He also emphasized that the heads of basic local governments, such as the mayor of the district, are favorable. Minister Byeon explained, “When I meet the heads of local governments, they are very responsive. From the standpoint of local governments, there are many menus (for regional development), so you can choose according to your taste.
Hankyung.com reporter Kim Hana [email protected]