Oh Se-hoon: "Utilizing Multi-family and Multi-household Rental Purchases to Supply Mirinae Homes"

"Priority Move-In Rights for Mirinae House Considered for Newlyweds with Children"

Seoul Mayor Oh Se-hoon announced that in order to expand the supply of long-term lease housing 2 'Mirinae House' for newlyweds, some multi-family and multi-unit rental housing will also be utilized.

Yonhap News

At a New Year's press conference held at Seoul City Hall on the 22nd, Mayor Oh said regarding the Mirinae House supply plan, "I think the key is to supply a large number of households, so we encouraged the Housing Office to prepare about 4,000 units annually to be supplied to newlywed couples." He added, "This volume is about one-tenth of the couples who get married annually (40,000 couples), and I judged that it would be good if we could accommodate up to one-fifth."

Mayor Oh also revealed that plans are underway to supply some of the purchased rental housing, such as multi-family and multi-unit houses, in connection with long-term lease housing 2.

He stated, "We are designing a plan to maximize the function by supplying half of the purchased rental housing, such as multi-family and multi-unit houses, as Mirinae Houses. If residents in purchased rental housing who have children are given priority to move into Mirinae Houses, it will minimize hesitation to marry due to housing problems."

This year, Mayor Oh has set the theme as 'deregulation' and is presenting various regulatory relaxation measures. Among the eight measures announced so far, three are related to real estate regulation easing. These include △ easing or abolishing the non-residential facility ratio in commercial and quasi-residential areas △ easing the public contribution ratio in urban regulatory areas △ introducing a three-dimensional park system.

Mayor Oh said, "The removal of various regulations to promote redevelopment projects focuses on improving project feasibility. When feasibility improves, projects that would not have been done are undertaken, and hesitant projects proceed, resulting in an increase in housing supply. Ultimately, this will help stabilize housing prices and benefit the economy of ordinary citizens."

Although Mayor Oh has achieved results by easing redevelopment-related regulations and introducing rapid integrated planning and Moa Town systems since taking office, there are concerns that continuity may be difficult to secure if the mayor changes due to running for the presidential election.

He pointed out, "Redevelopment projects are actively underway in 250 locations, including 150 sites of rapid integrated planning and 110 Moa Towns created during my term. When I stepped down as mayor 15 years ago, criticism of New Towns, redevelopment, and reconstruction was strong, mainly led by the Democratic Party. The biggest argument was the low settlement rate of original residents, which became an ideology."

He added, "During the previous mayor's term, redevelopment projects were completely stopped, and as a result, we all experienced a surge in real estate prices. If such reckless actions are taken again when the mayor changes, citizens will not tolerate it. This is not a matter of systemic stagnation but a situation where policy blanking or a return to the starting point is unimaginable."

Mayor Oh responded that the regulatory relaxation and deregulation measures to improve project feasibility in redevelopment areas in northern Seoul, which have been promoted since last year, are ways to enhance policy effectiveness.

He said, "The project feasibility correction coefficient and recognition of current floor area ratio were announced to revitalize residential redevelopment projects in non-Gangnam areas, and the contents announced in the deregulation plan are also focused on giving hope to ordinary citizens stressed by real estate issues."

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