It is unclear whether the box office will be successful due to a sense of rejection.
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The Ministry of Land, Infrastructure and Transport plans to speed up controversial public development such as cash liquidation apart from the supply of new housing sites such as Gwangmyeong and Siheung districts. To this end, the first public offering is planned to be held in May. However, it is unclear whether it will be successful as it is subject to restrictions on property rights such as cash settlement, and there is not little reluctance to hand over ownership to the public.
The Ministry of Land, Infrastructure and Transport announced on the 24th that it plans to conduct the first competition in May for leading project candidates for major projects such as the public direct implementation maintenance project and the urban public housing complex project disclosed through the last 2 and 4 measures. The Ministry of Land, Infrastructure and Transport announced the plan to promote the new public housing site on the same day, and explained the concept, saying, “We plan to implement follow-up measures for the new city center project announced in the 2nd and 4th measures without a hitch.” It is planned to determine candidate sites for the first leading project in July after consultation with local governments for candidate sites participating in the competition. It is a policy to continuously open up candidate sites in the future.
Among them, the public direct implementation maintenance project is a method where public institutions such as Korea Land and Housing Corporation (LH) and Seoul Housing and Urban Corporation (SH) participate as implementers and provide benefits such as floor area ratio. In order to block the demand for speculation aimed at development profits, the government has ordered to liquidate cash without first giving the right to supply in the case of purchasing land, etc., selected as a project site after the announcement date of measures on the 4th.
Meanwhile, the government and the ruling party are planning to propose a bill related to the ‘2·4 countermeasure’ in the form of legislative legislation in the near future. In detail, public housing operators such as LH can propose designation of urban public housing multiple districts with the consent of more than one-tenth of the owners of land, etc. Projects are carried out by securing at least two-thirds of the land owner or more than one-half of the land area. The controversial cash liquidation regulations were specified in the supplementary provisions of the amendment. First of all, with regard to the right to receive the right to supply, it stipulated that’persons who owned it after signing a sales contract from February 5, 2021 will not apply’.
/ Reporter Jin Dong-young [email protected]
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