The presidential office said on the 7th that it is prepared with policies to stabilize real estate prices. Regarding President Lee Jae-myung's recent remark that there are no countermeasures for the real estate issue, it said, please understand it as meaning that balanced national land development must be achieved over a longer period of time.
Kang Hoon-sik, chief of staff to the president, said this in response to a question about future real estate policy at the "presidential office six-month performance briefing" held at the presidential office building in Yongsan, Seoul, on this day.
Earlier, on the 5th, President Lee said at the South Chungcheong "town hall meeting" held at Korea University of Technology and Education in Cheonan, South Chungcheong Province, that the rise in Seoul housing prices is due to structural factors, and even if we squeeze out every bit of wisdom we have and don't have and mobilize all policy capabilities around us, it is not easily resolved, adding, I've been taking a lot of heat lately because of Seoul and capital region housing prices, but there are no countermeasures.
Lee went on to say, The fundamental problem is concentration in the capital region, and I think balanced regional development is truly necessary to solve this problem.
Ha Jun-kyung, senior secretary for economic growth, also said of Lee's remarks that the point is that fundamentally, only balanced regional development can resolve the capital region's real estate problem, adding, That shows we are considering the issue at a fundamental level. Ha added, The Oct. 15 measures should be seen as applying the brakes because the tilt is too strong.
Ha said, Real estate is a difficult field, adding, What I felt when I first came in was that groundbreakings and supply had declined, while policy made demand grow significantly. Various regulations were eased, and policy finance was concentrated in real estate. He went on, From the perspective of population concentration in Seoul, it was an extremely difficult situation, emphasizing, It felt like there were no countermeasures; it felt difficult.
He continued, We are fundamentally expanding the supply of dwellings substantially and are checking continuously once or twice a week to ensure supply, emphasizing, We are also untangling difficult vested interests and keeping an eye on demand so it doesn't concentrate too much. He added, We are preparing so that, if necessary measures are needed, we can implement them, and said, More fundamentally, we are pushing to firmly implement preferential policies for the provinces so that concentration in the capital region can be eased.