Lee Jae-myung: "I Will Actively Implement President Moon Jae-in's Real Estate Policy Commitment"

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Lee Jae-myung, Governor of Gyeonggi Province, announced that he will actively implement President Moon Jae-in's real estate policy will.

On the 10th, Lee posted on Facebook under the title "We will actively implement the President's real estate policy will in Gyeonggi Province," stating, "President Moon Jae-in reaffirmed today at the Blue House Senior Secretary meeting that the government will take responsibility and realize 'housing justice,'" and evaluated, "He once again emphasized the principle and will to firmly protect actual demanders and eradicate speculation."

He continued, "At this meeting, the President expressed his intention to 'expand public rental housing to include the middle class as well, making it a 'quality lifelong housing' that anyone would want to live in,'" adding, "This is a more advanced and excellent policy than the 30-year residence 'Basic Housing' policy proposed by Gyeonggi Province on July 22, and it is welcomed together with the 13.7 million residents of Gyeonggi."

Lee especially explained, "Gyeonggi Province's 'Basic Housing' aims to allow any homeless person to enjoy the right to residential stability for more than 30 years in urban areas near subway stations," and "The size and quality of the housing will also be supplied at a level that satisfies the middle class sufficiently."

He also predicted, "Expanding the supply of Basic Housing will greatly contribute to stabilizing the real estate market and ensuring the housing stability of the people by reducing speculative demand."

Furthermore, he said, "The President expressed his will to 'consider additional tax reductions for owners of one mid- to low-priced house,'" and expressed agreement, saying, "As I have suggested several times, if the tax increase aims to normalize the (real estate) market, sufficient consideration for the normal (one house for actual residence) as much as strong tax increases for the abnormal (multiple houses, non-residential houses) is necessary to minimize resistance groups, strengthen the justification for tax increases, and enhance the effectiveness of policy implementation."

Finally, Lee promised, "Tax reductions for owners of one mid- to low-priced house will reduce resistance to the government's real estate tax increases while complementing the 1% accuracy necessary for stabilizing the real estate market," and "Going forward, Gyeonggi Province will implement the President's philosophy and will of 'firmly protecting actual demanders and eradicating speculation' in Gyeonggi Province, taking the lead in eradicating speculation and ensuring residents' housing stability."

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