Newsletter

Choo Kyung-ho “Re-improvement of the re-development and reconstruction system… Completion of Catastrophe Risk Homes Investigation”

Deputy Key Minister and Minister of System and Finance Choo Kyung-ho speaks at the ‘Real Estate Ministerial Meeting’ held at the Seoul Authorities Intricate in Jongno-gu, Seoul on August 16. [기획재정부 제공]

Deputy Prime Minister Choo Kyung-ho stated on the 16th, “Offered the adjusted market environment, we will speed up actual estate normalization duties, which includes erecting supplemental regulatory zones for parts with potent balance.”

On the similar working day, the authorities held a ministerial assembly similar to authentic estate at the government complicated in Seoul and reported, “With a scarcity of housing in chosen areas such as the metropolis middle thanks to abnormal regulation, the housing supply period is extensive owing to sophisticated problems . struggling,” he stated.

Deputy Primary Minister Choo stated, “The prospect for youthful folks to invest in a household is reducing thanks to the increasing raise in housing selling prices, and housing top quality difficulties these types of as sounds among floors have not been solved for a prolonged time. I want,” he mentioned. defined.

The policy focuses on offering a significant-good quality buyer-oriented household atmosphere, absent from easy supply-oriented supply, and promoting in depth residential area innovation with the purpose of increasing the quality of daily life of the operating class and the center class.

First, Deputy Key Minister Choo promised to lay the institutional basis to increase opportunities to purchase a residence in extremely favored locations these kinds of as downtown locations. He mentioned, “We will expand the housing provide base in the downtown place by sequentially reorganizing the irrational redevelopment and rebuilding system that has lengthy been neglected. We will also ensure the essential publicity,” he stated.

A comprehensive overhaul of the new city development method was also declared. Deputy Prime Minister Chu claimed, “From the time internet sites are selected, new cities will be designated and produced on a little and medium scale in relationship with the transport network formerly planned as GTX, and housing web pages and beforehand introduced as the 3rd new city. improves the residential natural environment these kinds of as transport and education, though attracting companies, we will generate a self-sustaining natural environment by building such a building.”

In addition, “we will increase personalized reasonably priced housing so that housing can be moved up in line with the daily life cycle from leasing to providing,” he said. We will stimulate the supply of a variety of housing that has decreased the original stress, this sort of as housing,” he stated.

In addition, “We will be certain the high-quality of housing that fulfills the switching housing needs, these as sounds-resistant housing among flooring and adequate parking spaces, and offer crisis assist these as renovation and relocation to typical residences for households broken by this flood. as shortly as doable, and houses that are vulnerable to disasters.” “As a result of a whole investigation, we will arrive up with a fundamental improvement strategy as soon as achievable, including the maintenance of dangerous parts and the growth of catastrophe avoidance facilities,” he claimed.