Park Su-hyun "Moon Administration Not Behind Other Governments in Supply Aspect"

The view of Cheongwadae from Namsan, Seoul on the 11th. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Lee Ji-eun] The Blue House refuted the analysis by some that real estate prices rose due to insufficient housing supply during the Moon Jae-in administration, stating that the supply volume is not inferior to that of the previous government.

Park Soo-hyun, Chief of Public Communication, said on the News Tomato YouTube channel on the 5th, "We are by no means behind other governments in terms of supply."

Chief Park explained that although the amount of land inherited from the previous government was not large, resulting in low initial supply, a foundation has been established to supply 2.05 million homes in the future, saying, "If the average annual move-in volume nationwide was 463,000 homes over the past 10 years, 563,000 homes will be supplied annually over the next 10 years."

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