As President Moon Jae-in instructed the government to secure additional housing supplies to stabilize the housing market, it is worth noting what the government will do.

The Ministry of Land, Infrastructure and Transport launched a review on how to implement President Moon’s instructions today.

An official from the Ministry of Land, Infrastructure and Transport said, "As the order for measures to stabilize the housing market was issued, we began to review specific implementation measures."

President Moon received an emergency report from the Minister of Land, Infrastructure and Transport Kim Hyun-mi yesterday ▲ Increased the supply of housing ▲ Prepared support measures for real buyers, first-time buyers, and ordinary people living in the rent of cheonsei ▲ Increased burden on speculative housing owners such as multi-homeowners ▲ Provision of immediate additional measures in case of house price anxiety, etc. Directly directed four options.

Among them, the main focus is the expansion of housing supply.

The Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation (LH) have been offering measures to supply 770,000 public housing sites in the metropolitan area.

The 770,000 houses include plans to supply 300,000 metropolitan areas, including the new 3rd city, which the government is promoting.


The three new cities have been designated as districts, including Wangsook in Namyangju, Gyosan in Namnam, Gyeyang in Incheon, Changneung in Goyang, and Captain in Bucheon.

In addition, the amount of public housing promoted by the government through the residential welfare roadmap includes all plans to supply 70,000 Seouls announced in the 5/6 supply plan.

In particular, during the May 6th supply plan, a plan was developed to supply 8,000 apartments by developing a maintenance site in Yongsan, Seoul.

In addition, the Ministry of Land, Infrastructure and Transport has begun to review additional public housing sites.

In fact, the Ministry of Land, Infrastructure and Transport and LH have been searching for new housing sites in preparation for the need for additional supplies.

It is the Ministry of Land, Infrastructure and Transport that it is possible to designate and develop additional housing sites if policy decisions are made.

In some cases, there is a possibility that the so-called 4th New Town Plan will be announced.

However, the opposition from the residents continues from the new residential areas, such as the 3rd new city, and if a new residential area is created, wide-area traffic measures must be established.

We are already in the process of improving traffic for not only the new 3rd city but also the existing 2nd new city. In addition, if new residential areas such as the 4th new city are added, the transportation problems to be solved may increase.

In order to catch the price of the house, there are also voices from local regions that neglect the development restriction zone in the metropolitan area and make it into a residential area, neglecting the balanced national development, which is as important as the stability of the house price.

It is also suggested to increase the population by increasing the density, such as the floor area ratio of the existing residential land.

It is possible to revise the population plan of new residential areas such as the 3rd new city to increase the floor area ratio or residential ratio.

The plan to add 5,500 households to the Yangju new town (Okjeong·Hoecheon) among the 2nd new towns is already being considered.

The Ministry of Land, Infrastructure and Transport is considering a plan to increase the number of households in Yangju New Town, the second new city, from 5,872 to 7,372 households to 5,500 households (8.4%).

This is because the transportation conditions around the new city can be greatly improved with the extension of the GTX-C and Subway Line 7 projects.

In addition to Yangju New City, it has been reported that there have been requests to increase the floor area ratio due to the improvement of wide-area transportation, etc. in public housing sites that are under development.

In fact, the Ministry of Land, Infrastructure and Transport has been thinking about how to support the real estate ordered by the President, the first-time purchaser, and the people living in Jeonwol-se.

Therefore, it is expected that the proportion of the first supply will increase a lot.

The first supply of life is allocated 20% of the national housing, but no private housing.

It is being considered to increase the ratio in the national housing and to allocate a new quantity to the private housing.

You can't just increase the amount of water for the first time in your life.

This is because the first supply of supplies is operated as a lottery system, so the chances of making a mistake in the forties over 40 can be reduced.

In addition, measures to increase the proportion of newly-married couples' special supply are also subject to review.

Currently, 30% of the national supply for newlyweds and 20% for private housing are allocated.

This is the amount supplied to newlyweds under the 7th year of marriage, but it is not a complete point of sale, but it divides the supply rank by income or number of children.

Plans to reduce acquisition tax when purchasing a home for the first time in life are also being considered.

There is a special case in which newly married couples reduce their acquisition tax by 50% when they buy their first home.

It is suggested to strengthen this special case or to apply it to young people, etc. in addition to newlyweds.

The plan to strengthen the burden of speculative homeowners, such as multi-homeowners, is interpreted as passing the amendment to the Comprehensive Real Estate Tax Act announced through the December 16 measures last year.

The amendment to the Supplementary Tax Law is intended to strengthen the final tax imposed on houses with a public price of more than 900 million won, and to increase the tax rate by up to 4% for multi-homeowners.

In addition, it is noted whether additional tax restrictions may be imposed in addition to the existing tax strengthening measures.

(Photo = Yonhap News)