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Notably, the ‘Seoul Apartment’ house price, which sparked ‘house price’ anxiety as Moon Jae-in’s administration plans to expand the housing supply to the level of a ‘quantitative bomb’ to stabilize housing prices in the metropolitan area, can stabilize.
The government decided to supply 836,000 houses across the country through public redevelopment and reconstruction, station area development projects, and the creation of a new housing site on the 2 · 4 housing supply measures announced on 4 .
Of these, the planned volume in the metropolitan area is 616,000, including 320,000 units in Seoul alone.
Even in the early days of the regime, the government responded coldly, saying: “The housing supply in the metropolitan area is sufficient.” However, each time the public opinion condemned by the failure of the real estate policy was flooded, it kept pulling the number of parties to increase the housing supply.
For example, last year, on the May 6 measures, he came up with a plan to supply 70,000 units to Seoul, and 132,000 units were added again through the August 4 measures. Prior to this, on September 21, 2018, a plan was proposed to supply 300,000 homes in the metropolitan area.
In this situation, if the government added everything to the business expansion of the ‘supply front’ of supplying 616,000 units in the metropolitan area, including 320,000 units in Seoul, proposed in the second and fourth measures, the current government’s housing supply in the metropolitan area will increase to 1.88 million units in total.
It is not strange to say that it is the highest level in history and a quantity bomb, but the reason why the government started a line in this direction will capture the recent increase in house prices, even in the case of stabilizing housing prices through the indiscriminate expansion of supply. in the past. It seems to have expressed its will. At this time, it is noted that the Justice Party remembers the ‘MB New Town Development’.
If such a constructive plan becomes a reality, even if some government enters it later, you will be able to see the effect of the supply of new apartments as much as the number of apartments built in the Gangnam 3 district in Seoul over 5 years. It will be able to put an end to complex and unstable interests and give a signal to stabilize instead of the present.
Accordingly, the government said it would supply 830,000 homes across the country over the next five years, but the public eye will surely focus on 320,000 homes in Seoul.
According to the government plan, Samcheok-dong also knows that if 100,000 houses are thrown in central Seoul per year and more than 80,000 houses, which is twice the current level of apartment standards, they will contribute greatly to stabilization. of home prices in the middle. long-term.
Passports applauded this policy and said, “Finally (20 ~ 30 households) will be able to realize their dream of building my own home.”
For example, the suspicion that the Moon Jae-in regime is following the real estate failure of the Roh Moo-hyun administration, which caused a history of real estate disasters, and also professed a war on speculation. That is the question of whether you make it difficult.
Also, the question of whether it is a so-called ‘close your eyes’ electoral fraud policy that speaks of supply control and leaves various taxes, such as the punitive tax, as is. It is due to real estate speculation and after insisting on overregulating the tax pumps, it suddenly turns 180 degrees and dumps 320,000 homes in Seoul. These are the “nuclei of controversy” that are currently underway.
It’s hard to deny that housing consumers are asking a reasonable question that if the public promotes rather than the private, there will be some kind of sloppy-level construction. Therefore, the government plans to change this perception of the general public by developing 320,000 homes supplied to Seoul as high-quality housing.
Land, Infrastructure and Transport Minister Byun Chang-heum appeared on MBC’s news table on the 4th and said: “There is a vague anxiety that the public will only build rental or lower quality housing than the private sector. This means that the quality of the architecture and the surrounding environment will be greatly improved through creative design and private sector construction and sufficient vital infrastructure.
On the 5th, the First Deputy Minister of the Ministry of Land, Infrastructure and Transportation appeared on the CBS news program Kim Hyun-jung and said, “Residents can decide on the design, construction and brand of the apartment.” If you say you will use high-quality materials even if the cost of the project increases, you will do it as is. ”
In particular, the government plans to improve the conditions of the settlements by providing high-quality housing linked to vital infrastructure, innovative spaces and jobs to make it a home of choice for consumers.
It is hoped that if the housing price bubble is eliminated through public development and the residential environment is attractive, the price and quality desired by consumers can be achieved at the same time.
Through this, the government aims to create a success story comparable to the global model of public development such as Hudson Yard in the US, One North and Marina Bay Sands in Singapore, Docklands in the UK and La Defense in Paris.
However, it is not easy to view the government’s motives with skepticism. The question is, if we are developing a small area with high density, we have no choice but to sacrifice sunlight, parking lots and vital infrastructure.
In central Seoul, a lot of development has already been done for places with good settlement conditions and commercial viability.
As the government has revealed, the venues to be developed this time include metro station areas where land prices are expensive and interests are complicated, semi-industrial areas where factories and shopping centers are declining, and low-rise residential areas that they were neglected due to insufficient infrastructure such as roads and lack of commercial viability. Excluding the station area, it is not an easy task to recreate these places as high-quality habitable houses with good infrastructure for living, such as transportation, education, and a pleasant landscape.
Go Jong-wan, Director of the Korea Asset Management Research Institute, said: “In this countermeasure, countermeasures are omitted for cases where the housing and population are excessively dense than the infrastructure. infrastructure such as roads, schools and parks are insufficient, it will lead to difficult development. Countermeasures must come out faithfully. “
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