The motive why the presidential office declared on the 19th that it would speed up the redevelopment task of the 1st section of the metropolitan space is mainly because the protests from the people of the first stage of the new town have been more powerful than expected since the publication of the ‘Real Estate Bills’ 16 August’. The authorities has promised to speedily encourage the 1st new city redevelopment job due to the fact the time of the Presidential Transition Committee, but steps 8/16 said it would only launch a medium to prolonged-time period enhancement approach in 2024. In addition, the Primary Minister explained Han Deok-soo on a radio broadcast on the similar working day, “I feel the general public can understand the situation perfectly,” relating to the controversy bordering the cancellation of the 1st new metropolis renewal pledge.
Politicians and the actual estate field issue out that “genuine estate insurance policies are so sensitive that we have no decision but to be very careful, but the govt is all way too aware of small-expression changes in the current market and general public view.”
○ The President’s Office environment surprised by the residents’ protests
In the measures of August 16, the federal government introduced that it would get ready a medium to prolonged-phrase advancement strategy (master program) for the reorganization of the very first new towns, these as Bundang, Ilsan, Pyeongchon, Sanbon, and the Center East, by 2024. This is far more than a year later than the Presidential Transition Committee introduced in Might that “we will draw up a comprehensive enhancement strategy by way of a learn system at the conclusion of this year or the starting of next year.” Shim Gyo-eon, private representative of the Housing Provide Innovation Committee, claimed, “It usually takes time to think about the various company conditions for each and every area and the impression on close by housing web pages this kind of as the new 3rd city.”
Then, an on the net group of inhabitants of the 1st new town reported, “I imagine they are going to announce a program in advance of the typical election in 2024, are you going to acquire the inhabitants hostage for the common election ?” and “Isn. ‘Isn’t the reconstruction likely to get out of hand in the current governing administration just after pretending to be a big election assure?” flooded with protests.
About this, Choi Sang-mok, head of financial affairs at the presidential office environment, claimed in a briefing on the exact day, “It is popular for a learn strategy to consider far more than five many years to develop a grasp prepare at the municipal stage. recreated as a new metropolis. explained that a high-position official from the Ministry of Land, Infrastructure and Transport also explained, “Contemplating many variables, the most sophisticated timetable is 2024.” “We will build a thorough advancement program in line with this timetable.”
At the time of the presidential election, President Yoon Seok-yeol promised to raise the flooring space ratio of the very first new town by about 300,000 households, rebuild it, and source an extra 100,000 homes. In the to start with period of the new metropolis, setting up with Bundang very last yr, a full of 270,000 households will exceed the ’30-12 months tenure’ interval by 2026. On the other hand, it is now unachievable to boost rebuilding as the most area governments are certain by the flooring space ratio limit of the region unit system produced to avert overcrowding in the city. For this cause, the flats in the method of rebuilding need the 1st New City Reorganization Exclusive Act to be enacted as quickly as possible, which goes past the unit strategy latest place.
○ Why was there a delay in publishing the grasp plan?
Considering the fact that the time of the transition committee, the governing administration has proven up and down in terms of reorganizing the to start with new town, consistently issuing conflicting messages. When the changeover committee announced in April that it would “review the reorganization of the first phase of the new town as a medium to extensive-expression countrywide endeavor,” residents of the to start with phase of the new town responded to the objection, ” Do you reverse the guarantee?” We will go on with no him,” he described.
The reason why the government has been in a quandary over true estate insurance policies, such as the initially new town, 3 months following its establishment is that house prices, which have stabilized downwards after the relaxation of regulations, could overheat once again. Lee Eun-hyeong, a study fellow at the Korea Construction Policy Investigate Institute, said, “President Yoon, who won the presidential election with an offended ‘real estate community opinion’ on his back, has no selection but to be involved about the variance in between general public sentiment due to overheating residence selling prices.” In the true estate industry, it is famous that “as the medium to lengthy-term market place stabilization outcome of expanding supply is substantially better, it is essential to keep a consistent plan stance relatively than remaining overly conscious of the -short expression effects..”
There is also criticism that communicate of the ‘speed’ of a big-scale new town undertaking using ten years in the to start with put has brought about controversy. If the very first new town of 300,000 homes is to be rebuilt in excess of 10 many years, the design of 30,000 households will have to get started each and every calendar year. Specified that the building time period is about a few a long time, the demand from customers for the relocation of 90,000 homes can arise right away. As the metropolis of Seoul has started to simplicity restrictions on rebuilding and redevelopment, it may cause a jeonse crisis and stimulate housing selling prices as it accompanies the relocation of new towns. For this explanation, gurus clarify that elaborate preparation function is necessary, these kinds of as supplying housing that can meet up with the desire for relocation in progress and changing the total of reconstruction that starts. Hyo-sunshine Kim, senior serious estate member of NH Nonghyup Bank, explained, “It requires a very long time to acquire a strategy to extend infrastructure these kinds of as transportation and universities that can handle the increased population owing to the servicing job. “
Reporter Ha Heon-hyung/Lee Hye-in hhh@hankyung.com
