Na Kyung-won and Oh Shin-hwan Clash Over Real Estate Pledges: "Revitalizing Reconstruction vs. Lack of Practicality"

[Asia Economy Reporter Naju-seok] In the People Power Party's Seoul mayoral candidate debate, candidates Na Kyung-won and Oh Shin-hwan clashed over the realism of their real estate policies.

At the first head-to-head debate for the People Power Party's Seoul mayoral by-election preliminary candidates held on the 16th at the Baekbeom Kim Koo Memorial Hall, candidate Oh said, "Looking at candidate Na's wonderful pledge to supply 700,000 housing units over 10 years, with 200,000 public rental units and 100,000 half-price apartments, the public-related scale reaches 300,000 units," adding, "This is no different from Park Young-sun, the Democratic Party primary candidate's pledge of 300,000 public sale units," criticizing the realism of the pledge.

In response, candidate Na said, "The periods are different," and added, "Candidate Park talks about 5 years, but 10 years is a huge difference. Land can be secured through donation in kind that comes out during the process of revitalizing private sales."

Candidate Oh countered, "How can you secure that land through donation in kind?"

Additionally, candidate Oh pointed out, "If 400,000 private housing units are supplied over 10 years, that means supplying 40,000 units per year," adding, "This is less than the housing supply in 2018 and 2019."

Candidate Na responded, "Redevelopment and reconstruction have been completely blocked, so housing supply in Seoul has not been going well," and added, "If this part is resolved and revitalized, supply can naturally be achieved."

Candidate Na also raised concerns about candidate Oh's plan to build apartments on the Taereung Golf Course. Candidate Na said, "The greenbelt should be protected," and criticized, "It is not desirable to build houses unconditionally."

Candidate Oh explained, "I said we would start with 30,000 half-price apartments by gathering public land announced by the government, such as SH Magok site, Sangam unsold site, and Taereung Golf Course."

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