In order to expand the supply of housing favored by young people in the city center, the floor heating of officetels will be expanded to an exclusive area of 120㎡, and building standards will be relaxed so that urban living houses can be built more widely.
The high sale price management system of the Housing and Urban Guarantee Corporation (HUG) has been improved so that the sale price can be set by reflecting the market price of nearby business sites with similar size and brand, and the criteria for reviewing the sale price ceiling system are more detailed.
In order to speed up the supply of apartments, the integrated deliberation of permits and permits is, in principle, mandatory, shortening the period of permits and permits from an average of 9 months to 2 months.
The Ministry of Land, Infrastructure and Transport announced today (15th) a plan to expand the supply of housing in the city center and increase the supply speed of apartments.
It is evaluated that a significant portion of the suggestions presented by the private sector at a meeting with housing supply organizations recently held by the Ministry of Land, Infrastructure and Transport have been accepted.
First of all, by expanding the floor heating area allowed for officetels from 85㎡ to 120㎡, medium-sized residential officetels of 30 pyeong will be supplied.
Officetels are divided into residential and business use depending on how they are used, and tax is charged accordingly.
If an officetel has underfloor heating, it can be used for residential purposes, but currently it is only allowed under 85㎡.
Officetels have a smaller actual area compared to apartments, so it is difficult for a household of 3 to 4 people to live in a dedicated 85m2.
In this way, residential officetels of 30 pyeong will be available.
Building standards will be relaxed to expand the supply of urban living houses.
Urban living housing is an 85 m² and less than 300 households built in an urban area, and is divided into one-room type, complex type multi-family, and complex type tenement according to the size.
The Ministry of Land, Infrastructure and Transport decided to release the building standards for one-room type urban living houses.
The one-room type was reorganized into a smaller one, and the upper limit of the allowed exclusive area was increased from 50㎡ to 60㎡.
Currently, the one-room type can be divided into two spaces, a bedroom and a living room, only for households with an area of more than 30 square meters, but three bedrooms can be made to divide up to four.
However, in order to prevent overloading of infrastructure such as parking lots, it was decided to limit the number of households with reduced spatial composition to one-third of the total.
The Ministry of Land, Infrastructure and Transport will temporarily raise the limit of the Housing and Urban Fund loan and lower the interest rate until next year to stimulate the supply of non-apartments such as urban living houses, residential officetels, multi-family and multi-family homes.
For officetels, the fund loan limit will be raised from 40 million won to 60 million won, and the interest rate will be lowered from 4.5% to 3.5%.
For urban housing, the loan limit is raised from 50 million won to 70 million won, and the interest rate is lowered from 3.3 to 3.5% to 2.3 to 2.5%.
When a private construction company enters into a purchase agreement with Korea Land and Housing Corporation (LH) and supplies officetels, heavy acquisition tax applied to overcrowding control areas is excluded.
The purpose of this is to encourage private construction companies to participate more actively in the government's charter generation plan.
However, officetels have chronic problems such as tax evasion, which is reported for business purposes even though it is used for residential purposes, and avoids heavy tax on general real estate tax or multi-residential capital gains tax.
Urban housing has a loose standard of dong distance and parking lot, so the residential environment is not good in densely populated areas.
The Ministry of Land, Infrastructure and Transport is also improving HUG's sale price management system.
HUG manages the pre-sale price by examining the appropriateness of the pre-sale price by considering the pre-sale price of the comparative business site and the market price in the vicinity when reviewing the guarantee for apartment sale in the high-sale price management area. I objected that it was calculated too low.
The Ministry of Land, Infrastructure and Transport has improved the reflection of the average market price of all business sites in the vicinity to selectively apply similar business sites in consideration of the size and brand of the complex, and also decided to relax the criteria for selecting comparative business sites.
Currently, only guidelines for the price evaluation are disclosed, but detailed criteria for evaluation will be disclosed in the future.
The criteria for deliberation of the price ceiling system will be detailed.
Currently, there has been a lot of controversy between local governments and business entities because each local government has different items for recognition of sale prices and different methods of examination.
The Ministry of Land, Infrastructure and Transport is also promoting measures to promote integrated deliberation by local governments in the housing construction process.
The current law stipulates that local governments, who have the authority to approve the project plan, can comprehensively review various deliberation related to the housing construction project, but it has not been actively utilized because it is a voluntary rule.
Accordingly, when an application for integrated deliberation is received, the Ministry of Land, Infrastructure and Transport makes it mandatory, in principle, to conduct an integrated deliberation unless there is a special reason.
In this way, it is expected that the approval period can be shortened from an average of 9 months to 2 months.
If the subject of deliberation is different for a metropolitan area or basic local government among the subjects of integrated deliberation, regulations on the basis for the integrated deliberation by the metropolitan area are also prepared.
Kim Young-han, a housing policy officer at the Ministry of Land, Infrastructure and Transport, said, "We expect that urban living housing, which is highly preferred by young people and 2-3 person households, will be expanded to small idle sites in the city center within a short period of time, improving housing supply and demand and contributing to the stability of the jeonse market." He said, "We will continue to communicate with the private construction industry, listen to the difficulties of the field, and rationally improve obstacles to the prompt housing supply."