Hong Nam-ki Announces Pre-sale Plan for Private Sector Housing in November
32nd Real Estate Market Inspection Meeting of Relevant Ministers
Hong Nam-ki, Deputy Prime Minister for Economy and Minister of Economy and Finance. / Photo by Hyunmin Kim kimhyun81@
View original image[Sejong=Asia Economy Reporter Moon Chaeseok] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, chaired the real estate market inspection meeting with related ministers on the morning of the 27th and stated, "We plan to finalize and announce this year's pre-sale implementation plan for private sector sales by next month."
Deputy Prime Minister Hong announced the "Results of the 1st Designation of Planned Districts under the 2·4 Measures and Plans to Secure Additional Candidate Sites." He explained, "After announcing the 2·4 Measures candidate sites, we secured areas meeting the designation requirements for main districts equivalent in scale to the entire Pangyo New Town within an unprecedentedly fast period of 4 to 6 months compared to existing private projects."
Among these, the Ministry of Land, Infrastructure and Transport plans to designate four first planned districts by the end of this month for the 2·4 Measures urban complex project candidate sites: Jeungsan 4 District, Yeonsinnae Station, east side of Ssangmun Station, and Banghak Station, and complete the designation of main districts within this year.
Deputy Prime Minister Hong said, "By sufficiently reflecting residents' opinions, the average burden on original residents is analyzed to be more than 30% lower compared to private redevelopment projects, general sale units will be supplied at prices significantly cheaper than nearby market prices, and public interest can also be sufficiently secured."
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He also informed that the government is preparing to discover additional candidate sites. This week, integrated public proposal candidate sites will be announced, and additional public redevelopment candidate sites will be solicited within the year. Since the 25th, applications for the second pre-sale supply of 10,000 units, including Namyangju Wangsuk 2, have begun. From next month through December, the third and fourth pre-sale rounds totaling more than 18,000 units are scheduled to proceed.
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