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The new Minister of Lands, Infrastructure and Transportation, Byeon Chang-heum, emphasized that sufficient supply must be provided to central Seoul to ease the worsening jeonse crisis.
In a call with the Maeil Economic Daily on the 4th, Byeon said in a call with the Maeil Economic Daily, “It is important to give a signal that there will be enough supply available to ease anxiety in the housing market.” I will think about it. “Jeonse and house prices are rising at the same time due to anxiety that the cheonsei crisis will continue, and this is the common argument that this can only be prevented by providing sufficient housing.
Naejeongja Byun said that the city center is considered more than the outskirts as the place where supply comes first. He said, “On the outskirts of Seoul, the third new city project is underway” and “I will find a way to develop the center instead of the outskirts.”
Naejeongja Byun chose “public redevelopment” and “station area development” as measures to increase the supply of housing in the city center. The sea that he has constantly insisted on through the presidents of SH and LH. Byun Naejeong-ja said, “I will consider how to progress smoothly in the public redevelopment and development of the station area, and how to incentivize the participants.”
It seems that Byun’s plan for a next-generation plan, which puts weight on increasing the housing supply, has been somewhat coordinated with the Blue House. That day, Cheong Min-ho, head of public communication for the Blue House, explained to reporters about Byun’s appointment, and he is expected to realize the national aspirations of stabilizing residential housing and developing a balanced soil by creating a realistic housing policy, such as accelerating the supply of high-quality housing. “Do it”. On November 19 it is known that the idea was also contributed by the government in pre-generation plans such as the hotel charter. Therefore, it is unlikely that it will take long before the jeonse measures that Byun envisions materialize.
However, while these measures will help stabilize sentiment, they have the drawback that they cannot increase the number of new homes needed to solve the jeonse crisis in a short period of time. The public redevelopment is expected to take a minimum of 5 to 6 years to move in, and experts believe it will take 2 to 3 years to develop the station area.
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