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President’s Office Announces Real Estate Supply Measures in September

The President’s Office announced that it plans to announce real estate supply measures during this month.

Choi Sang-mok, chief economic officer of the President’s Office, said at a briefing at the Yongsan Presidential Office today (1st), “Since there have been several incidents such as LH (Korea Land and Housing Corporation), there are concerns about whether the supply itself will be adequate.” We will come up with and announce a plan to revitalize real estate supply in September so that it can be done without it.”

Chief Choi explained, “There may be factors that shrink supply in the private sector, so we are thinking about how to solve this part and promote supply.”

At the same time, he said, “I know that the contents will be announced in two parts, including LH Corporation, and how to supplement the supply in the public sector.”

Chief Choi said that the so-called ‘September crisis theory’ has no substance.

The presidential office drew a line in the prospect of a financial crisis coming as the Corona 19 repayment deferment for small business owners and self-employed people ended this month, and the risk of default on bridge loans, which are early-stage loans for real estate project financing (PF), is growing.

Chief Choi said, “There is no ‘September crisis rumor’,” and in the case of small business loans, most of the loans have been extended or repayment plans have been set up, so “it is absolutely not a crisis situation enough to cause systemic risk in a large frame.”

In addition, “The risk associated with real estate PF loans is not a problem of systemic crisis, no matter how big you look at it.” Authorities are taking care of it,” he said.

Regarding the economic outlook, “Despite the industrial activity trend in July, it is thought that the prospect of ‘low growth’ (low growth in the first half, high growth in the second half) will appear as an indicator, and we cautiously forecast that a recovery trend will appear from September and October.” said.

“From around October, we expect and expect to put an end to the negative exports that lasted for 11 months,” he added.

[사진 출처 : 연합뉴스]

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2023-09-01 07:36:00
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