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The Seocho-gu Office establishes its own ‘sustainable youth pre-sale housing system’ and promotes the operation. It is explained that the housing shortage for young people can be solved by expanding the pre-sale instead of the existing rental-oriented support measures.
Seocho-gu announced on the 30th that he plans to improve the system to solve the problem of insufficient housing supply in Seoul. The primary goal is to convert existing newlywed youth rental homes into pre-sale housing through home mortgages. Starting with the system improvement service next year, it is planned to actively discover pilot projects in the district. Through the service, it is reviewed whether the improvement of the housing supply system for youth pre-sale is adequate or legal. As a demonstration district, Seocho-dong Area 1592-11, Gyeongbu Expressway Underground Site, and Youth Housing Commercial Site are under review.
The pre-sale housing provision is for young homeless and newlyweds ages 19-39. An official from Seocho-gu said, “It is the purpose of building pre-sale housing through consultation with a commercial operator who wants to build rental housing in the city. Seocho-gu hopes that the system can be applied to other districts in Seoul if the pilot project produces good results.
Currently, public housing in Seoul is provided mainly for rent, such as youth housing in the station area and youth rental housing. Seocho-gu is in a position where it is necessary to offer pre-sale housing, as the feeling of deprivation among young people is increasing due to rising house prices and jeonse prices. The real estate market in Seoul is unstable as the supply shortage and the third lease law overlap. According to KB Real Estate, the rate in Seoul this week has continued to rise for a week since the beginning of July last year. The listed price also rose 0.30%, continuing the rise for the fifth month.
Meanwhile, Seocho-gu is also promoting property tax cuts on his own to ease the burden on the middle class. It is a content that reimburses half of the city property tax this year to a home and owner who owns a home with an official price of 900 million won or less. The city of Seoul is in a position to vigorously respond to this, such as a request for a stay of execution and a complaint in the Supreme Court, saying, “It is against tax legalism.”
Reporter Lee Yoo-jung [email protected]
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