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Yesterday (2nd) I am very interested in what measures President Moon Jae-in's orders regarding real estate will actually lead to.

Even when excavated, he instructed multi-homeowners and speculators to increase the supply of homes and put more pressure on them.

<Reporter> Although the

president emphasized the supply of housing unusually, it is not as easy as it is to increase the supply in the preferred areas of the metropolitan area.

First of all, the release of the green belt in Seoul, which reaches 150km, is discussed, but opposition from the city and environmental groups is against it.

Instead, it may be considered to increase the floor area ratio between downtown Seoul and the new town 3 to increase supply or to create a new town 4 in Gyeonggi-do.

However, the effect may be limited unless it is a location to absorb demand in Seoul.

[Ko Sung-Soo / Dean of the Graduate School of Real Estate, Konkuk University: The region that is subject to such a supply is sufficient to meet the demand that has been the cause of the increase in house prices. .] Although

there are expectations that Seoul will loosen regulations on reconstruction and redevelopment, it has been pointed out that reconstruction and redevelopment have been the main culprit of rising house prices, and it is difficult to choose as it must tolerate the profits of existing landlords.

As a way to intensify the burden on multi-homeowners, it is expected to pass the comprehensive real estate tax strengthening law proposed in the December 16 measures last year as soon as possible.

It is about raising the tax rate by up to 4% for multi-homeowners, but some say that it should be increased.

[Lee Kang-Hoon/Executive Commissioner, People's Life Hope Headquarters of the Participating Solidarity: (Special Tax) To be about 1% of the assets (real estate) held, it should be a burden, so there will be no excessive investments in that area or it will not happen.]

Reconstruction There may also be measures to strengthen the return of excess profits and to reduce or abolish the tax reduction benefit for rental companies.

It is also expected that measures to ease the employment and registration tax and protect the lease for first-time buyers such as young people and newlyweds will be presented.

After the June 17th measures such as Gimpo and Paju, Gyeonggi-do, additional supplementary measures for areas that are seeing balloon effects may come out next week.

(Video coverage: Park Seung-won, video editing: Kim Jong-tae) 

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