Civil society organizations and the Ministry of Land, Infrastructure and Transport are continuing the true battle over the rising value of apartment prices in Seoul under the Moon Jae-in government.

In a statement today (25th), the Citizens' Federation for Economic Justice (Kyungshil) insisted, "Don't make fake news, but reveal the grounds for the 14% increase in the median rate of Seoul apartments claimed by the Ministry of Land, Infrastructure and Transport."

On the 23rd, Kyungshilyeon announced that the median price of Seoul apartments rose 52% over the three-year period of the Moon Jae-in government, which is twice the increase rate of the combined period of the Lee Myung-bak and Park Geun-hye governments, 26%.

The next day, the Ministry of Land, Infrastructure and Transport refuted the median rate of increase in the median value of Seoul apartments by 14.2%.

"This analysis used data from KB Kookmin Bank, which had compiled housing price statistics since the 1970s, when it was a housing bank," said Kyung-sil Kyun. "If the data from the agency that was writing statistics for decades is inaccurate, it should be disclosed from the grounds." I did.

Based on the KB housing price trend (provided from December 2008 data), the Bank of Korea, and Statistics Korea, Kyungshilyeon announced that it compared the median price of Seoul apartments in the first and last months of each administration.

Then, among the statistics of the appraisal agency, you can see that the value of the Seoul Apartment Index rose 42.5% from 93.8 in May 2017 to 136.3 in March 2020, but the government cited only a survey of housing price trends that did not fit the market situation in order to assert the stability of house prices. "There is a question that the Ministry of Land, Infrastructure and Transport is rather reducing the market situation," he said.

"If the apartment price in Seoul has risen 14% over the past three years, why did the Moon government announce 21 real estate measures?" If the statistics of the appraisers are wrong, the officials in charge of trying to deceive the people with the wrong statistics must be hardened.”

Heon-dong Kim, head of Gyeongsil-ryun Real Estate Construction Reform Headquarters, said, “The Ministry of Land, Infrastructure and Transport, which the Ministry of Land, Infrastructure and Transport is based on, is also an agency that has been leading the manipulation of publicly announced land for a long time.” "I am sure that the people will believe more in the data and numbers we have presented."

Kyungshilyeon last year offered a public debate on the real estate issue, but later evaded it, saying it had evaded it.

(Photo = Yonhap News)