"Kim Hyun-mi says 'Housing supply is not insufficient'... Oh Se-hoon responds, 'We probably need to change the person'"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Former Seoul Mayor Oh Se-hoon raised his voice saying that Minister of Land, Infrastructure and Transport Kim Hyun-mi's remark that "there is no shortage of housing supply" shows a "serious problem in situational awareness" and that a replacement is necessary.

On the 15th, former Mayor Oh said on Facebook, "It seems that changing the person is necessary to open a breathing space to curb the real estate surge."

Earlier, Minister Kim appeared on tbs radio's "Kim Eo-jun's News Factory" and stated regarding the criticism of supply shortage, "There is no shortage of housing supply in Seoul."

Former Mayor Oh pointed out, "The fundamental problem is that the supply volume is decreasing, and the situation after next year is even more problematic," adding, "The supply of necessary housing types is severely insufficient, especially the supply of small-sized housing is not keeping up with demand."

He highlighted that the combined share of one- and two-person households reaches 61.6%, questioning, "Is small-sized housing that meets the surge in demand being supplied in a timely manner?" and predicted, "The next administration will also struggle greatly because of real estate."

Former Mayor Oh criticized, "New towns are not possible. Redevelopment and reconstruction are not possible. Is urban regeneration, which spends 1 trillion won annually, a policy that helps supply?" and said, "This wrong stubbornness over the past three years has fundamentally blocked supply routes."

On the 14th, former Mayor Oh also proposed a three-pronged set including half-price apartments, price ceiling on sales, disclosure of sales costs, and post-sale system, saying on Facebook, "If you sincerely want to curb housing prices and eradicate unearned income, mix resale condition sales, land lease sales, and long-term rental housing."

This content was produced with the assistance of AI translation services.