– Minister of Land, Infrastructure and Transport candidate Byeon Chang-heum held an online press conference on the 18th, saying, “(The housing shortage) is not because of the lack of absolute quantity, but because of the need for a housing with a better environment, a wider area, and convenient transportation.” “We will focus on providing enough housing to live in and affordable housing in the city centre.”
Extraordinary meeting before hearing
High-density development of station area, factories, and low-rise residential areas
Expert “Can’t be activated without incentives”
Negative for deregulation on reconstruction and redevelopment
Responding to the jeonse crisis with purchased rental housing
“A person who cannot live… ”Declining residents of shared housing
Controversy over the release of the minutes of the SH Corporation
– Candidate Byun said, “The average floor area ratio near 307 subway stations in Seoul is 160%, and the semi-industrial area in Seoul is 20 km2 (approximately 6,400,000 pyeong), similar to that of Bun-Nun City. We can supply enough housing,” he said. In addition, the intention to develop a low-rise residential area of 111 km2 (approximately 33 million pyeong) of multi-family and multi-family dwellings into mid-rise high-density housing was revealed.
However, this is a method in which public developers participate in development. It is a form of public reconstruction and public redevelopment promoted by the Moon Jae-in government. It is a position to properly allocate and share the development profits among land owners, local communities, and tenants. The types of housing provided in this way are public rental and public self-contained housing.
Experts voice concern over the methodology of urban housing supply. Heo Yun-gyeong, a research fellow at the Korea Institute of Construction Industry, pointed out that “most of the urban land is privately owned, so it is difficult to activate it without appropriate incentives.” Park Won-gap, a real estate expert at KB Kookmin Bank, diagnosed that “the synergy effect and speed between the public and the private sector are key to policy effectiveness.”
There is no expected easing of regulations on reconstruction and redevelopment. Candidate Byun said, “Redevelopment and reconstruction are systems that recognize changes in housing use, increase the floor area ratio, and even the right to confinement. They receive tremendous benefits and have a large impact on the surroundings, so a certain level of regulation is inevitable.” At the same time, he mentioned public redevelopment and public redevelopment pushed by the Moon government. Candidate Byun explained, “If the residents want, if the public invests in advance or pursues a role that is difficult for the private sector to take on, it will be possible to do it quickly and to be free from preferential issues.”
After the introduction of the Lease 2 Act, the policy is to supply public jeonse or purchased rental housing in order to resolve the deepening jeonse crisis. Candidate Byun said, “I will intensively utilize the station area, factory sites, low-rise residential areas, and sites owned by public institutions.” The position that real estate regulation is inevitable. Candidate Byun diagnosed, “In the case of local people, foreigners buy houses with speculative demand, which causes great damage to local residents.”
Meanwhile, controversy is arising as the details of the minutes received from the Seoul Housing and Urban Corporation (SH) by Rep. Kim Eun-hye of the People’s Power were released. According to this, Candidate Byun, the president of SH Corporation, confirmed that at a meeting of the Construction Safety Project Headquarters on June 30, 2016, “(The Guui Station accident) could have made it seem like nothing had happened if only he paid a little attention, but it shakes the whole city administration” done. Regarding this, Rep. Eun-hye Kim said, “We insulted the victims by dismissing the human resources tragedy caused by the overall system insolvency as the accidental death of a company employee.” Not only does it differ from the philosophy of state administration that it advocated, but also contradicts the public sentiment. There was also a controversy over the disregard of tenants of shared housing. Candidate Byun asked, “Do people who don’t live eat at home or buy food because they’re crazy?” In response, Candidate Byun said, “I sincerely apologize to those who have been hurt by me.”
Reporters Eunhwa Han and Jungmin Yoon [email protected]
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