Real Estate: Economy: News: Hankyoreh



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[뉴스AS] 2 · 4 Controversy over supply measures and anti-speculation measures
I do not know if it is planned, but after the countermeasures the purchase will be charged.
Some claim “property infringement”
Ministry of Lands, Infrastructure and Transport “Legal review, not contrary to precedents”
In terms of zoning, the ‘split split’ is popular
If the price goes up, the burden on utility providers increases.
Possibility of protecting the purchase of residential housing during the legislation.

Photo Sharing Foundation

Photo Sharing Foundation

Controversy continues over measures to curb speculation on planned urban public development sites, as announced by the government in the ‘2/4 housing supply expansion plan’. In the second and fourth measures, the government decided to liquidate in cash without giving priority to housing, etc., to those who acquired housing or land after February 4, when the measures were announced in the case of a direct public improvement project or urban planning. public housing complex development project. By taking this measure as a blessing, it fundamentally blocked speculative transactions that could prevail in places with high potential for public development. In this regard, some members of the legal profession and residents who have old houses or shopping centers in the city center are pointed out if it is an excessive ‘property infringement’. If this restriction is imposed without the project site outline, the demand for older apartments or villas will be reluctant to buy because there is concern that cash will be liquidated. A petition to this effect has also been posted on the Blue House National Petition notice board. In this regard, the Ministry of Lands, Infrastructure and Transport said that “as a result of the legal review, there is no unconstitutionality, and it does not contradict compensation practices related to housing or judicial precedents.” In the marketplace, the government’s unprecedented intensive measures to deter speculation in recent years have been a proliferation of speculation, such as stock splitting, which has been a problem in the process of promoting public redevelopment pilot projects ( rebuilding single-family homes in small villas, etc.) I see this has an effect. In addition, it is analyzed considering that the price of housing and the price of land in the target area must be stable to successfully lead the urban public development project. In the commercial structure of public development, when real estate prices rise due to increased hand changes (transactions) at the planned development site, the profits of land owners (members) increase, while the commercial viability of obtaining public resources for the installation of living infrastructure (SOC) and the provision of rental housing diminishes. The urban public development project is an advance payment method for the value of new apartments and shopping centers that will be borne by the land owner in the future as the property of the existing owner without management provision (property management plan). increases, the burden of land owners decreases and the operator of public companies This is because the burden of operating expenses of It is for this reason that the government has decided to exclude places where transaction prices or volumes Transactions have increased 10-20% or more by tracking public development goals. In the real estate industry, even if a person who buys a home in an urban public development area receives a cash payment later, it is not enough to infringe on property rights. Although the standard for cash settlement is the appraisal price, the appraisal price is usually around 90% of the market price, so there is a possibility that the appraisal price at the time the public development is confirmed is higher than the purchase price bought at a low price. . After this countermeasure, buying old houses in urban areas where the residential environment is poor can be seen as an ‘investment’ in reality, so it is possible to interpret that whether or not cash settlement will be made is the responsibility of the investors. However, in the current legislative process of this law related to public development scheduled for next month (the Special Law on Public Housing for Urban Public Housing Complex Projects and the Law for the Improvement of the Urban and Residential Environment for Redevelopment and Reconstruction applied directly by Public Organizations), exceptions will be introduced to protect some end users in good faith. The possibilities are open. For example, it is pointed out that it is necessary to recognize as an exception the case of inheriting and acquiring a property within a planned public development project. In addition, it also carefully examines how to protect the actual residents of single and single family homes, including spouses, who do not own a home elsewhere, considered as “end-users for residency purposes”. By Choi Jong-hoon, Staff Reporter [email protected]



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