Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki announced on the 22nd that "we are considering supplementary measures to alleviate some of the tax burden" in relation to the ownership tax of the low-income and middle class, who are single-family homes.
Deputy Prime Minister Hong said this at the Ministerial Meeting for Real Estate Market Inspection held today at the Government Complex in Seoul.
Deputy Prime Minister Hong, however, nailed the plan to change the tax system in consideration of market stability, policy coherence, and equity issues regarding the middle and deferral of the transfer tax for multi-family homes, which is being raised mainly by the political circles.
Democratic Party presidential candidate Lee Jae-myung has proposed a temporary and temporary suspension of the transfer tax for multi-homeowners with the purpose of revitalizing real estate transactions and resolving supply shortages.
Deputy Prime Minister Hong emphasized on the direction of next year's real estate policy, "We will continue to push ahead with the policies so far in a consistent and speedy manner so that the recent downward trend in the real estate market is firmly rooted."
In the case of housing supply, we will increase the supply speed as much as possible as the previously announced measures, but secure additional short-term supply as much as possible, such as adding 6,000 units for pre-order for housing and 5,000 units or more for 'November 19 Jeonse Measures'. plan to do it.
We plan to consistently and sternly respond to speculation, illegality, and disturbance in the real estate market.
The government is also planning to expedite as much as possible the revision of the relevant law on measures to strengthen the public nature of urban development projects to recover excessive private interests.
In order to protect the housing vulnerable and to settle together in the jeonse and monthly rental market, we plan to provide incentives to tenants for win-win growth, and to devise measures to support tenants in enhancing their resistance and reducing the burden of housing.
(Photo = Yonhap News)