Oh Sehoon: "The Government Should Not Suppress Market Demand... The Solution to Real Estate Is Unconditional Supply"

Criticism of Government Regulatory Policies at National Assembly Real Estate Seminar

"85,000 Units to Break Ground Within 3 Years... Expansion of Youth Housing"

Seohun Oh, the People Power Party candidate for Seoul mayor, criticized the Lee Jae-myung administration's real estate policy on the 18th, stating, "Excessive lending regulations and government intervention in the market are destroying the housing ladder."

On this day, attending the seminar titled "Evaluation of the Lee Jae-myung Administration's First Year of Real Estate Policy and Future Tasks" held at the National Assembly, Oh said, "The solution to real estate policy is not complicated," and added, "The answer lies not in regulations that suppress the market, but in sustainable and rapid supply based on accurate data."

Seohun Oh, the People Power Party candidate for Seoul mayor, is being interviewed by the press after attending a discussion on the real estate policy evaluation of the Lee Jae-myung administration's first year, held at the National Assembly Members' Office Building on the 18th. Photo by Yonhap News Agency

He stated, "The mention of revising the long-term holding special deduction has thrown the market into confusion again, and impromptu market intervention remarks on social networking services (SNS) have further eroded predictability," adding, "If you go against market principles, it is difficult to restore market confidence."

He continued, "Supply must come first, second, and the key is simply 'Just Supply (Dakgong),'" emphasizing, "Supply cannot be achieved overnight simply by words. Thorough calculations, strong drive, and a scientific roadmap are necessary."

Oh further stated, "We have set a concrete goal of supplying 310,000 housing units by 2031, and plan to start construction on 85,000 units within the next three years," adding, "Through the second phase of the Fast-Track Integration project, we will deliver visible supply results that citizens can see with their own eyes."

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