[Asia Economy Reporter Oh Ju-yeon] On the 8th, Seoul Mayor Oh Se-hoon told Gyeonggi Governor Lee Jae-myung to "disclose the cost price of Daejang-dong apartments."


On the same day, Mayor Oh posted on Facebook under the title "Work skill competition is always welcome," revealing this.


Mayor Oh said, "The 800-page document that Governor Lee boasts about is simply the public statement submitted by the construction company. It is absurd to call it a disclosure of the sale cost when it is just what the construction company submitted with their profit added."

[Image source=Yonhap News]

[Image source=Yonhap News]

View original image


He continued, "What ordinary citizens are curious about is not the construction cost but how the final sale price was calculated. Public housing sites naturally calculate the sale price including the land cost and apply the sale price ceiling system," he wrote.


Mayor Oh pointed out, "The Daejang-dong project is a project that disguised itself as public, purchased land at a low price, and sold it at an extremely high price. The money that Governor Lee claims to have recovered the most since Dangun ultimately came from the pockets of residents who bought Daejang-dong apartments at prices higher than the cost, didn't it?"



On the same morning, Governor Lee targeted Mayor Oh on Facebook, saying, "Stop the fake disclosure of sale costs, and if you are going to do it, do it properly like Gyeonggi Province," comparing the cost disclosure materials. Governor Lee pointed out that the 2007 sale cost disclosure by Seoul Housing and Communities Corporation (SH Corporation) was 20 pages, while the 2020 Gyeonggi Housing and Communities Corporation data exceeded 800 pages, emphasizing that the thickness of the materials reflects the specificity of the information and the public's right to know in direct proportion.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing