Byun Chang-Hum, saying, “I will regain confidence in real estate” … Is it a stronger Kim Hyun-mi or a modified version?

The candidate for Minister of Land, Infrastructure and Transportation, Byeon Chang-heum, addresses the Gwacheon Regional Construction Management Office in Seoul on the morning of the 7th.[Yonhap News]

The focus is on the words and actions of the new candidate for Minister of Land, Infrastructure and Transport, Byeon Chang-heum. With house prices fluctuating, jeonse prices rising and the housing market extremely unstable, the first change of head of the Ministry of Land, Infrastructure and Transport of the Moon Jae-in administration is drawing attention to what kind of changes will occur in real estate policy. Even in 24 real estate measures over 3 years and 6 months, attention is paid to whether the ‘regulatory policy of Kim Hyun-mi’, which advocates “a market failure rather than a policy failure” (Sung-jun Jin and the member of the Democratic Party), it will continue as it is, if it will be more difficult or if it will change the track. .

Candidate Byun said in a telephone interview with the magazine on the 7th: “I will regain my confidence.” As a method of building trust, “I’ll check the facts. First I will understand the market situation. “It was Ilsung, aware of the current market, where the regulatory measures poured out by Minister Kim Hyun-mi were not working in the market.

Candidate Byun said: “We will show stable housing supply plans at the level of Seoul and other metropolitan areas.” The problem is that the policy related to the supply of housing was transmitted vaguely, giving a signal that there was no supply in the market. He explained: “It is necessary to show a stable plan to use public land, station area and semi-industrial land.”

This is a different branch from that of Minister Kim Hyun-mi, who refuted “the offer is sufficient” throughout the period before the public opinion worried about the shortage of supply. Since taking office, Minister Kim has implemented policies with a focus on controlling demand, such as regulating people with multiple households, rather than supply. In industry, it was evaluated that “generally, when a new regime is established, housing sites are insured and a supply plan is made, but there is no such movement in this regime.”

It is also a question of how candidate Byeon will be accommodated.

Land, Infrastructure and Transportation Minister Kim Hyun-mi attended the 11th Meeting of Real Estate Market Inspection Ministers held at the State Council Office of the Government Complex in Jongno-gu, Seoul, in the morning of the day 2 to hear Vice Premier Hong Nam-ki’s comments.[Newsis]

The basis of the leasing law, which has skyrocketed the market for monthly rentals and jeon, is similar. It is a position that is an essential system for the “stabilization of the housing of the common people”. Minister Kim Hyun-mi said in a briefing on anti-rent and rent measures on November 19: “It is true that tenants have been freed from the burden of rent since the revision of the Third Leasing Law.” “The Third Leasing Law is a valuable achievement in achieving social consensus that houses are ‘where people live.’ I emphasized. This is based on the fact that the jeon / month lease renewal rate increased from 57.2% before the law was applied to 66.2% in October.

Candidate Byun has argued that ‘2 + 2 + 2 years’ or ‘3 + 3 years’ should be guaranteed by exercising the right to request contract renewal from his days in the academic world.

However, candidate Byun said on the day’s call: “I will check if there is a part that works differently than the original intention and if there is a part that works differently, especially if there is a difficult part, and if it can to correct”. It’s a pretty progressive attitude. It is hoped that some of the issues that are putting excessive pressure on the cheonsei market will be able to be fine-tuned while maintaining the right to request contract renewal and the upper limit system for jeonse and monthly rent.

Mokdong apartment with a large banner urging reconstruction.[noticias de Yunhap]

As for the deregulation of reconstruction, there is no change in the existing route. Throughout his tenure, Minister Kim has maintained a strong line and said: “I never thought of deregulating reconstruction.” Candidate Byeon has also argued that the price of housing can stabilize only when housing is offered at a low price with the public initiative, and the public recoups the market profits to avoid unearned income.

As an alternative, it promoted the development of housing with rental and redemption of conditional land, that is, ‘private public housing’. Rental housing is a method in which the government owns the part of the land and sells only the home ownership. The repurchased home must be built and sold by the public and sold to the public at a fixed price when the seller disposes of the home. Candidate Byeon said: “It is not possible for the Ministry of Land, Infrastructure and Transport to do everything (regarding the plan for the use of reconstruction), and since Seoul has the urban planning authority, it seems that we should proceed with the consultation. .
In the market, expectations and concerns intersect. Im Jae-man, a real estate professor at Sejong University, predicted: “It will not change much because the government has not changed and the minister has changed, but as he emphasizes that he will communicate and listen to the stories from the field, it will not change in detail. “.

Seung-bae Kim, CEO of Pides Development (president of the Korea Real Estate Development Association) said: “After passing through the presidents of Seoul Housing and Urban Corporation (SH) and Korea Land and Housing Corporation (LH) , who do business directly, appear to have realistically improved their understanding of the market and become flexible, he said.

Lee Hyun-seok, a professor in the Department of Real Estate at Konkuk University, predicted, “I think it would be better to have more experience than Minister Kim and understand why the market is not working, but my beliefs are strong, so multiple owner regulation may get stronger. ”

Even if the housing supply is flexible, it is possible to keep pushing to curb speculation, such as non-labor income.
Kim Joon-hyung, a professor in the Department of Real Estate at Myongji University, said: “By adding professional rationality to the policy that it has been ‘all or nothing’ due to the real estate policy, we will not try to solve only the amount of public leasing in the rental market, but to provide housing to the private sector. I hope to lead the way. ”

Reporters Jangwon Ahn and Eunhwa Han [email protected]