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Charter purchase and supply of vacant houses, apartments and shopping centers such as LH and SH
The government is expected to announce this week’s cheonsei countermeasures, which have been discussed and prepared by relevant ministries to defuse the cheonsei crisis. As an alternative to avoid jeonse shortages in Seoul and other metropolitan areas, it is expected to contain the content of securing and supplying public leases for the first quarter of next year.
According to related ministries such as the Ministry of Strategy and Finance and the Ministry of Lands, Infrastructure and Transportation on the 15th, the government is making the final coordination this week to announce a housing stabilization plan for the middle and common class.
On the 18th, Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Equipment, plans to announce detailed measures at the related ministers meeting for the inspection of the property market.
Initially, the government decided to hold a meeting of ministers related to the inspection of the real estate market on the 11th, but canceled it and replaced it with the Noksil meeting. Vice Premier Hong, Minister of Lands, Infrastructure and Transportation, Minister of Lands, Transportation and Maritime Affairs, Kim Hyun-mi, Head of the Office of State Affairs and Coordination, Eun Seong-soo, Chairman of the Committee of Finance Eun Seong-soo and Blue House Chief Financial Officer Lee Ho-seung attended the meeting to discuss measures to resolve the jeonse crisis. We discussed in-depth measures to stabilize housing for the lower and middle class, including managing the supply and demand for housing to stabilize the jeonse market and the supply of quality housing for life. ”It seems that only has been left detailed coordination between related agencies.
The government is reported to be working on a plan to increase supply in the short term to solve the jeonse crisis. It is a plan for public institutions such as Korea Land and Housing Corporation (LH) and Seoul Housing and Urban Corporation (SH) to purchase vacant multi-family and multi-family units, detached houses and apartments, as well as shopping centers and offices, and supply them as rent.
It’s a way to expand the purchased rental homes that existing LH and SH corporations have been doing, and relaxing tenant qualifications for vacant public rental homes is also emerging as an alternative.
On the 9th, the Minister of Lands, Infrastructure and Transport, Kim Hyun-mi, explained that “we are intensively reviewing the measures that can be taken without taking much time” in relation to the countermeasures jeonse in the revision of the budget bill. by the Special Committee on Budget and Liquidation.
However, it is expected to minimize the possibility of further intervention in the market while maintaining the policies that the government is intensively applying, such as the Commercial Market Stabilization and Law 3 on Leasing.
Earlier, Vice Premier Hong told the Preliminary Committee of the National Assembly: “The government is constantly implementing the previously announced countermeasures, while discussing various ideas and countermeasures among the ministries to further solve the jeonse problem.”
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