House prices rising again… Observation of “public supply” for countermeasures against Byeonchang
12-08 21:31
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[앵커]
Despite more than 20 government measures, house prices and rents are still rising.
In this situation, expectations and doubts are growing in the market at the same time as the replacement of the head of real estate policy after three and a half years.
In particular, the focus is on Candidate Chang-Hum Byun’s view of the housing supply problem and how to respond.
This is Lee Jae-dong.
[기자]
The price of apartments in Seoul, which had been flat for more than two months amid the tug-of-war between the buy and sell taxes, rose 0.03% last week, the largest increase after the announcement of the ‘8·4 measures.
The analysis is dominated by the fact that demand, which turned to buy amid the jeonse crisis, is attributable to rising prices of mid- to low-priced apartments and the increase in the buying trend of reconstruction complexes in the Gangnam area.
This trend is also spreading to local metropolitan cities, and the candidate Byeon Chang-heum of the Minister of Land, Infrastructure and Transport is saving his words.
“(How do you view the current housing situation, is it overheating?) We are watching closely.”
There is also an expectation that candidate Byun, who has been known to have sufficient supply in the market, can come up with proactive supply measures to resolve the problem.
This is because, in a media interview after the nomination of the minister, it is important to provide sufficient supply signals to calm the sentiment of market unrest.
However, it is highly likely that the method will be centered on the public rather than the private sector.
It is also discussed the possibility that methods such as land rental, which only sells buildings on public institution-owned land, and redemption condition, which allows the sale of pre-sale houses only to public institutions without significant profits, are applied to the third new city.
“I think there may be a limit to the fact that the public has to continuously increase supply. It requires a series of procedures, starting with financing, securing land and expropriating land…”
Candidate Byun’s specific real estate solution is expected to be revealed at a personnel hearing near the end of this month.
This is Yonhap News TV Lee Jae-dong.
Yonhap News TV article inquiries and reports: katok/line jebo23
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