Green belt lifted in four areas in the metropolitan area, including Seoul, Seocho and Seoripul… Supply of 50,000 households
Seoul Mayor Oh Se-hoon “Seoul City’s will to solve long-term rental housing and low birth rate”
“The entire Seoripul district is crossed by the Shinbundang Line… Review of additional Shinbundang Line stations”
“There will be no Seoul for the 30,000 additional households announced next year…Principle of minimizing release volume”
(Seoul = Newsis) Reporter Kim Myeong-won = Minister of Land, Infrastructure and Transport Park Sang-woo is briefing on the 2024 new public housing site promotion plan for the metropolitan area (Seoul, Goyang, Uiwang, Uijeongbu) at the Seoul Government Complex in Jongno-gu, Seoul on the morning of the 5th. 2024.11.05. (email protected)
(Seoul = Newsis) Reporter Ko Ga-hye and Jeong Jin-hyeong = In order to stabilize housing prices, the government will release development restriction zones (green belts) in four areas of the metropolitan area, including the Seoripul district in Seocho, Seoul, and supply new residential land for a total of 50,000 households.
On the 5th, the Ministry of Land, Infrastructure and Transport held a joint briefing with local governments such as Seoul City and Gyeonggi-do at the Seoul Government Complex and announced this as a follow-up measure to the ‘8/8 housing supply revitalization plan’.
The government plans to develop four regions within about 10km from the Seoul border, including ▲Seoripul District, Seocho, Seoul (20,000 households), ▲Goyangdaegok Station area (9,400 households), ▲Uiwang Om-Wanggok (14,000 households), and ▲Uijeongbu Yonghyeon (7,000 households). It was decided to loosen the green belt.
Regarding the lifting of the green belt, Minister of Land, Infrastructure and Transport Park Sang-woo said, “As we are inevitably lifting the restricted development zone in order to preemptively lay the foundation for stable housing supply for future generations, we will work with local governments such as Seoul and Gyeonggi-do to provide priority supply at a reasonable price to the younger generation.” “We will continue to strive to ensure a sufficient supply of quality housing where there is demand,” he said.
In addition, Seoul Metropolitan City Mayor Oh Se-hoon said, “By lifting some of the development restricted areas, we will instill ‘determination’ and ‘confidence’ to have children in newlyweds who are hesitant to plan children due to high housing costs in Seoul.” In addition, Gyeonggi Province Governor Kim Dong-yeon said, “Please develop it as a ‘Gyeonggi Opportunity Town’ that will foster high-tech industries through residential and high-tech industrial complex development in the area near the station, and provide better life opportunities to young people by creating a more eco-friendly environment than a development restricted area.” “He requested.
The following is a Q&A with Minister Park, Mayor Oh, and others.
-Even if the green belt is lifted, it will take about 10 years for actual supply and there are many variables. What effect can it actually have in a situation where there is a shortage of housing supply in the metropolitan area right now?
“(Minister of Land, Infrastructure and Transport Park Sang-woo) According to our plan, the actual houses will not be ready for occupancy, but I think the time they come on the market is when they are sold. By shortening the deadline and managing the schedule so that the first sales will be made five years from now, new high-quality houses will be introduced to the market. In terms of preparing for the future, if a belief in supply is formed in the market, housing is not suddenly supplied, so there is a need to prepare for the future step by step to ensure that housing is supplied when needed. It is not just a simple way to prepare for the future, but can also respond to the current situation. If you do not have faith and are anxious about future housing supply, you may overdo it and buy it, or the demand will be unstable, but the central government can help you believe that if you wait, quality housing will be supplied in a good location. “I think that the promises made by local government heads together are enough to instill trust in the housing market, so there is the possibility that there will be an unreasonable rush to purchase a house, so it is possible to prepare for the future and respond well to the current situation.”
-The Seoripul district is attracting the most attention, and some may point out that supplying 55% of the housing as long-term rental housing for newlyweds is an excessive policy, although the recent low birth rate is important.
“Aren’t there many ways for us to share good goods with each other? We do this through subscription savings, but we need to consider various policies depending on the policy priorities of the government regarding which products and how to give them. Currently, we have several policy goals. In the area of land, land and transportation, there are aspects of stabilizing the housing market and overcoming low birth rates that the entire society is concerned about, and in the regional area, there are various policy purposes such as preventing reckless development, so please consider this as a comprehensive consideration.”
(Seoul = Newsis) Reporter Kim Myeong-won = Seoul Mayor Oh Se-hoon is giving a briefing on Seoul City’s new public housing site promotion plan at the Seoul Government Complex in Jongno-gu, Seoul on the morning of the 5th. 2024.11.05. (email protected)
“(Seoul Mayor Oh Se-hoon) What is very difficult when deciding on policies is to reflect conflicting values in a harmonious and balanced way. Stabilizing housing prices and expanding supply as much as possible are the biggest topics of this era, and solving the problem of low birth rate is another most important issue. In that sense, it is an important axis, and in addition, the decision to lift the ‘development restriction zone’, which the city of Seoul has maintained for a long time, was decided from the beginning because it needed a clear justification to persuade the public. “I hope you understand that this reflects the Seoul Metropolitan Government’s will to distribute the quantity in relation to this.”
-The development restriction zone in downtown Seoul is not only Seocho but also scattered throughout Songpa-gu and Gwanak. The reason why only Seocho was lifted was lifted.
“(Seoul Mayor Oh Se-hoon) There are many restricted development zones that have already been somewhat damaged. However, as was clearly stated in the last 8/8 measure, the first principle is to minimize (the release zones). The second principle is to select zones that have already been damaged. In addition, If two conditions are added, selecting a location that already has a public transportation system so additional financial investment can be minimized would be evaluated as the most desirable. In addition, as newlyweds move there, the surrounding infrastructure is well-equipped, so it is desolate. As the requirements were met so that one could enter with a warm heart in the middle of a residential area, the Seoripul district was selected in consultation with the Ministry of Land, Infrastructure and Transport to provide a more convenient public transportation system and a truly good place for residence. “We will continue to ensure that the message of providing housing to future young generations is sufficiently conveyed through housing policy.”
-The common opinion of the three mayors is that this new residential area will inevitably become a bed town if it does not provide transportation or specialized infrastructure that can serve as a self-sufficient district. If self-sufficient facilities are not built, is it possible to have a different opinion in the future regarding the greenbelt release and development of residential land?
“(Goyang Mayor Lee Dong-hwan) In fact, so far, many development projects within basic local governments have focused on new town development and housing land supply through housing supply. I think Goyang City is probably a region where (housing-centered development) has taken place more seriously than any other region. Self-sufficiency is something that all citizens have hoped for, so it was said that this content should be included, and in particular, the Daegok Station area has five routes, unlike other regions. It is also an area where railroads run, and I think Goyang City needs to be developed with the concept of a transit town. Unlike other areas, it has a sufficient environment to attract businesses for self-sufficiency, but development is driven by regulations. “Many companies have not been able to come in until now due to the situation where it is not possible to do so, but I think that if (the station area) is developed this time, there will be a lot of companies willing to come along.”
(Seoul = Newsis) Reporter Kim Myeong-won = Minister of Land, Infrastructure and Transport Park Sang-woo, Seoul Mayor Oh Se-hoon, and other heads of local governments in the metropolitan area held a briefing on the 2024 new public housing site promotion plan for the metropolitan area (Seoul, Goyang, Uiwang, Uijeongbu) held at the Seoul Government Complex in Jongno-gu, Seoul on the morning of the 5th. are moving for From the left, Uiwang Mayor Kim Seong-je, Minister of Land, Infrastructure and Transport Park Sang-woo, Seoul Mayor Oh Se-hoon, Goyang Mayor Lee Dong-hwan, and Uijeongbu Mayor Kim Dong-geun. 2024.11.05. (email protected)
-Compensation work for new housing sites usually takes 4 to 5 years. Is it possible to shorten the time only with the government’s will? Please explain the process for shortening administrative procedures and compensation.
“(Ministry of Land, Infrastructure and Transport official) First, compensation procedures are usually initiated after district designation, but this candidate site will begin preemptive compensation work before district designation to shorten the time for compensation. Second, the establishment of district plans will be expedited. Currently. Until now, a district plan was established after the district designation was completed, but now, if the district plan is started before the district designation, the time can be shortened by 5 times after the announcement of the first candidate site, as seen in the case of Gyeyang, Incheon, where the first sale was made in the 3rd new city. “This is the first sale since 9 months ago, and if we apply this and speed up supply, we will be able to achieve the first sale in 2029.”
-Does the Ministry of Land, Infrastructure and Transport believe that Seoul should be included among the additional 30,000 households announced next year?
“(Seoul City officials) clearly state that there is no supply for the 30,000 households to be announced next year by the city of Seoul. In addition, there are no areas scheduled for additional district designation at all.”
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