Daejeon City Shortens New Apartment Construction Review Period from 9 Months to 2 Months

Daejeon Mayor Heo Tae-jeong is announcing the 'Integrated Review of Housing Construction Projects and Measures to Revitalize the Local Economy' at Daejeon City Hall on the 27th. Photo by Daejeon City

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will drastically shorten the review period for newly constructed apartments in the region from 9 months to 2 months.

On the 27th, the city announced that it will establish and implement the "Integrated Review of Housing Construction Projects and Measures to Revitalize the Local Economy."

The measures will focus on speedy housing supply and resolving difficulties faced by local construction companies.

Currently, to obtain approval for housing construction projects, sequential reviews by the urban planning, transportation, architecture, and landscape committees are required according to individual laws. This prolonged review period causes problems such as increased sale prices and missed optimal timing for housing supply, leading to disruptions in housing provision.

Accordingly, the city plans to form an "Integrated Review Committee for Housing Construction Projects" to conduct integrated reviews of urban planning, transportation, architecture, landscape, and disaster-related assessments for project approvals subject to the Housing Act, Special Act on Public Housing, and Special Act on Private Rental Housing, thereby significantly shortening the review period.

The Integrated Review Committee will operate with the participation of at least 5 members from each of the urban planning, transportation, architecture, landscape, and disaster committees (totaling between 25 and 32 members).

With the operation of the Integrated Review Committee, overlapping consultations between departments due to individual reviews will be prevented, and the review period, which previously took up to 9 months, is expected to be reduced to 1.5 to 2 months, according to the city's calculations.

The city also introduced a "regulatory relaxation" card to facilitate smooth housing supply. The core idea is to avoid uniform site regularization and the imposition of conditions not stipulated by law, which cause excessive legal costs due to increased land acquisition costs and consequently raise sale prices.

Ultimately, regulatory relaxation is expected to reduce the burden on project owners, thereby promoting corporate investment activation and accelerating housing supply, the city anticipates.

Meanwhile, the city aims to expand the supply volume, starting with supplying about 34,000 apartment units in the region this year, increasing to about 71,000 units by 2023, and about 129,000 units by 2030.

Heo Tae-jung, Mayor of Daejeon City, said, "We will strive to ensure that the shortening of the review period enhances trust in housing administration and serves as a starting point for stabilizing citizens' housing security and housing prices through prompt housing supply."

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