Pre-generation plans will arrive soon … ‘Increase the supply of short-term public leases’

Predominantly announced at the Meeting of Ministers on the 18th

The vacancy in the metropolitan area is bought by the government and supplied by rent

Maintain the position of strengthening leasing regulations

The government is expected to announce measures for the cheonsei starting on the 18th. The government buys or rents vacant apartments and puts them back in public rental housing.

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 in the process of final coordination to announce a residential stabilization plan for the middle and lower class with the objective of this week. The government is reported to have tentatively set a meeting of related ministers to inspect the housing market chaired by Vice Premier Hong Nam-ki and the Minister of Strategy and Finance as the date of the announcement of the measures.

The government held a Noksil meeting on the 11th, with Vice Premier Hong, Minister of Lands, Infrastructure and Transport, Minister of Lands, Infrastructure and Transport, Yoon-cheol Koo, Chairman of the Finance Committee Eun Seong-soo and Chief Economist Lee Ho-seung, assisting in a plan to rapidly supply more public rental housing to areas where the Cheonsei crisis occurred. It is known that the discussion was in depth.

◇ Expanded from thousands of short-term public leases to tens of thousands of homes = The government is closely following the case of 1989, when the mandatory lease was increased from one year to two years. At that time, there was a period of confusion of 4-5 months, but this 3rd Leasing Law is a major institutional change, so it is believed that the cheonsei period may be longer. In this regard, they are reportedly considering a plan to increase the supply of short-term public rental housing from the originally expected thousands to tens of thousands of households. The offer period is planned within this year and, at the latest, in the first quarter of next year. This is because short-term supply must be increased as much as possible to produce dramatic effects on the market.

For faster supply, the existing home purchase and home rental method is popularly discussed by jeonse, in which the government buys or rents houses that are currently vacant and rents them out as jeonse. Single-family homes and apartments are highly likely to be bought or rented, primarily for multi-family and multi-family homes in the metropolitan area. It is also looking for ways to supply rental housing by making shopping centers and offices residential.

Minister Kim Hyun-mi told the Preliminary Committee of the National Assembly on the 9th: “We are reviewing various plans, but we have not decided yet,” when he asked whether jeonse leases by public institutions such as LH and SH are influential. as countermeasures related to the Cheonsei crisis. The budget is in place and LH has enough money to do business. We are intensively reviewing measures that do not take long. “In addition to this, the government is also struggling with plans to accelerate the scheduled supply of public rental housing and promote private rental. In addition to the supply and demand for rental housing, A plan to supply high-quality mid-size public rental apartments will also be announced later this month.A high-quality mid-size public rental housing is a public rental housing that has increased the area from 60㎡ to 85 ㎡.

◇ Continue strengthening leasing regulation = In the case of this pre-generation policy, it is explained that there is no change in the course of the existing policy because it is a complementary measure that does not contradict existing policies such as the 3rd law on leasing and stabilization of the trading market. This means that there is no deregulation desired by the market. It is reported that the tax authorities did not seriously review the plan to extend the monthly income deduction that was proposed in the course of the government audit.

Earlier, Deputy Prime Minister Hong Nam-ki and the Minister of Strategy and Finance recently discussed the difficulties of this pre-generation policy in the response process to the Planning and Finance Committee of the National Assembly. Vice Premier Hong said: “There are political factors, but there are also seasonal factors, so the jeonse market is more unstable.”
/ Reporter Park Yoon-sun [email protected]

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