The real estate policy that the new Interior Minister, Byeon Chang-heum, has been advocating …

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The Chairman of the Korea Land and Housing Corporation (LH), appointed as successor to the Minister of Land, Infrastructure and Transport, Kim Hyun-mi [사진 = 연합뉴스]

Caption Hyun-mi Kim, Chairman of the Korea Land and Housing Corporation (LH) appointed as successor to the Minister of Land, Infrastructure and Transportation [사진 = 연합뉴스]

The Minister of Lands, Infrastructure and Transport was replaced by the worst “public real estate sentiment”, such as the jeonse riot. One analysis suggests that the government had no choice but to admit to the mistakes in housing policies that had accumulated so far, as the government’s approval rating fell to the lowest level and public sentiment turned serious before the re-election of the mayors of Seoul and Busan in April next year.

Minister Kim Hyun-mi, who had been in charge of the Moon Jae-in administration’s housing policy from the beginning, was finally retired after three years and five months. Minister Kim introduced a total of 24 real estate measures on day 1261 until the day the Blue House announced the appointment of Byeon Chang-heum, chairman of the Korea Land and Housing Corporation (LH), and made full use of it. in the ‘war on house prices’, but eventually came to the replacement order.

On the other hand, the nominee of the Minister of Land, Infrastructure and Transport Byun Chang-heum came to the office during a severe period. In the short term, we have to solve Jeonse’s serious crisis. In the long term, controlling the price of housing and the supply of housing are challenges. At a time when the gap between Casa Azul-led real estate policy and the property market desired by the general public has grown, the ability to balance both sides is also on trial.

Naejeong-ja Byun is from a progressive scholar. The advantage is that they know the situation of the real estate site better than anyone. This is due to his experience in leading urban regeneration and various redevelopment projects on the site while serving as president of the Seoul Urban and Housing Corporation (SH Corporation) in Seoul and LH in the Ministry of Land, Infrastructure. and Transportation. Consequently, there is also the expectation that the Ministry of Land, Infrastructure and Transport will implement a rational policy that adequately harmonizes theories and practices as before.

However, it is unclear whether the policy of the Ministry of Land, Infrastructure and Transport of ‘Byeon Chang-Humho’ will meet market expectations. This is because it has shown a vision that is far from the market, such as the leasing law that recently generated public sentiment. While serving as an urban regeneration expert as a professor at Sejong University, he received criticism about the sense of reality by insisting that the landlord’s period of residence should be increased to 3 + 3 years, or 6 years under the Protection Law of Leases. When he attended the National Assembly audit last October, he replied: “(The 3rd Lease Law) has an unavoidable aspect in terms of housing welfare,” when asked if the jeonse crisis was intensifying due to the law of leases. Kim Soo-hyun, the former Blue House policy officer who still influences the current government’s real estate policy, has a long relationship with the former Blue House academic, which is why he has been on the list of ministers since Jinjeom.

However, the way urban development is likely to change prospectively. In the days of the LH president, Nae Jeong-ja Byun argued that “the public can become a developer in a way that adequately stimulates the private sector”, breaking with the existing framework of “not rebuilding where urban regeneration is possible” . In the case of ‘development’, this suggests the possibility of being different from the existing position of the Ministry of Land, Infrastructure and Transport, which has been blocking supply from the beginning and reducing supply.

This is why there is an expectation that if he is appointed minister, there will be a “public redevelopment” in downtown Seoul, various underdeveloped areas and urban regeneration sites. Specifically, there is an observation that 52 urban regeneration sites in Seoul (Yeongdeungpo, near Seoul Station, Haebangchon, etc.) may introduce ‘urban regeneration in the form of redevelopment through the intervention of public companies’ rather than ‘urban regeneration that only draws murals’ as it is now. Comes out. In addition, when developing an underdeveloped urban center, the idea of ​​sequential development was suggested to provide space for migrants to temporarily reside.

It’s worth noting that Byun is a “supplier” who believes that the real estate market stabilizes only when high-quality homes are continually marketed. In 2011, “Jeonse System Sustainability and Countermeasures”, written by Naejeong Byun, argues that “if the housing supply is expanded, the price of jeonse will stabilize.”

In particular, it is noteworthy that Naejeong Byun has repeatedly expressed his position to increase the housing supply by developing high-density districts in Seoul. At a press conference last year, Naejeong-ja Byun said, “New cities are important, but we have to create various things that can respond to Gangnam, and we need to reduce the pressure, but developing the station area could be the solution”. He stressed that the houses must be assembled ”. Additionally, the third new city project is likely to accelerate as well. This is because the LH I was in was the organization responsible for the third development of the new city.

Byun Naejeongja is negative about so-called “lot sales”, where subscribers receive many apartments on public development land and see a “large market price margin”. To avoid this, he insisted on introducing a “conditional pre-sale purchase” method in the third new city.

There is a possibility that a profit-sharing method will be introduced in the third new town, the Taereung Golf Course and the Yongsan Camp Kim camp site.

However, the limitations are clearly indicated by the current government, which has implemented a real estate policy led by the Blue House. Naejeong-ja Byun, an academic who does not have a passport, has been the president of SH Corporation and LH, and has been shown to “comply” with government policies. Of course, there is also the possibility that if the Blue House sticks with the existing political leadership, it will become a minister who cannot speak. One real estate expert said: “If the Blue House does not change the current view of the gains from real estate development as sinful, it is impossible to carry out the policies that the government has proposed so far,” he said. “It is more important that the government is willing to change rather than who the minister is.” Said.

▶▶ He’s …

△ Born 1965 △ Nungin High School in Daegu, Department of Economics, Seoul National University, Ph.D. in Public Administration, Seoul National University △ Professor of Public Administration, Sejong University, President of the Korea Urban Research Institute, President of the Seoul Urban and Housing Corporation (SH Corporation), President of the Korea Land and Housing Corporation (LH)

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