As real estate emerged as the most important policy agenda in this year’s 4·7 re-election, even the leader of the 1st opposition party took the initiative in policy. On the 13th, Kim Jong-in, chairman of the People’s Strength Emergency Response Committee, held a press conference and announced the real estate measures at the party level. Candidates outside the party, such as the People’s Power candidates as well as the National Assembly representative Ahn Cheol-soo, came out of the opposition, and when they came up with different solutions and poured out real estate measures with central heating, the 1st opposition party, not the’candidate individual’, proposed a plan to promote at the party level. will be. It means that the power of the people has presented a large framework of guidelines for real estate policy. Rep. Song Seok-joon and Kim Hee-guk, who are real estate experts in the party, and Kim Hyun-ah, an enlargement committee member, and Rep. Yu Gyeong-jun, a tax expert, participated in making the proposal. Chairman Kim said, “Based on this proposal, the person who will be the mayor of Seoul should present a specific proposal.”
The core of the people’s power real estate policy is deregulation. It is explained that excessive regulations on reconstruction and redevelopment and various tax regulations with punitive nature did not help to ease house prices, but rather caused property lockup, resulting in a vicious circle of higher house prices. Chairman Kim said, “The real estate turmoil was caused not by market failures, but by policy failures.” .
There have also been many policies to normalize the real estate market. The difference from the ruling party is that it is based on supply and tax issues, but encompasses infrastructure issues such as transportation. The first priority for supply measures was also activation of reconstruction and redevelopment. This is due to the recognition that reconstruction and redevelopment, which increase the number of households by rebuilding the existing housing site, are the most urgent supply measures because it is not easy to develop additional housing sites in Seoul. In particular, it is a proposal that urban redevelopment areas centered on low-rise detached houses and villas should dramatically increase housing supply through high-density and high-rise development.
In order to secure urban housing sites for large-scale supply, a plan was proposed to utilize residential land on upper land through relocation of railroad car bases in Seoul and underground construction of major arterial roads and railroad facilities. Regarding the relocation of the vehicle base, Chairman Kim explained, “There are many lines that currently require extension of the subway, and we are considering relocating the vehicle base on the line requiring extension along with the extension.”
The ease of tax regulation is also the key to real estate normalization, which was cited by the people’s strength. △Abolition of the transfer tax heavy duty system △General real estate tax/property tax rate reduction and adjustment of the standard amount of taxation tax △Reduction of employment registration tax for first-time home buyers △Adjustment of standards for imposition such as health insurance premiums. One of the reasons why housing prices in Seoul seldom fall now is that multi-homed people are not offering their products due to the heavy transfer tax. However, this is a part of attention as to whether there will be a change ahead of the election, as Lee Nak-yeon and Democratic Party representative deny it in a strong tone. In consideration of the fact that excessive concentrations in the center of Seoul and downtown areas are occurring due to the traffic crisis, measures to diversify traffic have also been proposed. Representatively, this time, a large roundabout will be installed in the basement of Yongsan Park, which is currently under construction planning, to disperse traffic, and to construct an additional underground alternative road in the chronic congestion section of major arterial roads.
In order to solve the problem of homeless people giving up their thoughts of buying a house at all and not being able to marry or give birth due to the rapidly rising house prices, the current government tightened the total debt repayment ratio (DTI) and home equity loan ratio (LTV) regulations. They also proposed to improve.
[박인혜 기자 / 정주원 기자]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]