Hong Nam-ki, 2nd · 4th Measure Real estate cash compensation “No property infringement”



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Vice Prime Minister Hong Nam-ki and the Minister of Strategy and Finance chaired the 15th Meeting of Real Estate Market Inspection Ministers held at the Seoul Gwanghwamun Government Complex in Seoul on the 17th.[사진=기획재정부]

On the 17th, Vice Premier Hong Nam-ki and the Minister of Strategy and Finance said: “According to the current system of the Land Compensation Law, compensation for the property of the existing owner is, in principle, compensation cash”. .

Following the announcement of the 2 · 4 real estate offer plan, the government announced that it would compensate in cash without prioritizing real estate acquisitions in the development project area. After the controversy about the infringement of property rights, Vice Premier Hong began to evolve.

Vice Premier Hong said at the 15th Real Estate Market Inspection Ministers Meeting held at the Seoul Government Complex on the same day. It was the result of concern. “

Some point out that the target amount of supply of projects based on private participation was registered in excess.

Vice Premier Hong said: “In the case of direct public redevelopment maintenance projects, the expected market share rate, which is the basis for volume calculation, was calculated from a conservative perspective, considering that the rate of participation of current public redevelopment in 2020 was 25.9%, and assuming between 5 and 25%, “he explained.

He added: “If the project’s fate is designated quickly in the future, misunderstandings about feasibility may be cleared up.”

It also removed concerns that the autonomy of the private sector was limited by the direct public maintenance project.

Vice Premier Hong said: “In order to accelerate the housing supply while keeping track of the reconstruction and renovation of the existing bonding method, we introduced a public-led fast track that provides more benefits, exemptions and mitigation of various regulations and charges “.” It is to reflect the will of the owners and the associations or to expand the options “.

In addition, he explained, “Landowners and associations that have accepted the project can select and directly notify the desired apartment brand prior to the priority supply agreement, and the private builder will handle the design and construction reflecting the preference. of the prospective tenant.

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