Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki announced on the 15th, “We will improve the unreasonable parts of the high sale price management system and the sale price ceiling system.”
Deputy Prime Minister Hong said this through remarks while presiding over the Ministerial Meeting for the Real Estate Market Inspection on the same day.
“In order to speed up the supply of apartments, we will improve the unreasonable parts of the high sale price management system and the sale price ceiling system for the housing price review of the Housing and Urban Guarantee Corporation (HUG), and make the integrated review of licenses and permits to simplify administrative procedures, in principle, mandatory,” he said. said.
In addition, in order to increase the supply of housing in the city center, it was decided to ease regulations such as area standards and floor heating for non-apartments. Deputy Prime Minister Hong said, “In order to respond to the housing demand for one or two-person households and to revitalize the urban housing supply that can contribute to short-term housing supply, we will drastically ease regulations on area standards and floor heating for non-apartments, and provide financial and tax support to businesses. It will be strengthened.”
He also announced a plan to come up with various measures to stabilize the rent price and alleviate market difficulties by the end of the year after collecting opinions from market experts and research institutes. He said, “The effect of introducing the right to request renewal is showing, such as 76.9% of the tenants signing the renewal contract with a rate of increase of 5% or less. and complementary responses are needed,” he said.
Regarding the cheonsei report system, which has been in effect since last June, he emphasized, “Since enforcement, a total of 290,000 cases have been reported every month. He explained that the amount of cheonsei information, which includes the report through the cheonsei report system and the issuance of a fixed date, amounted to 615,260 cases from June to August this year, up 13% from the same period last year.
Regarding household loans, Deputy Prime Minister Hong said, “The government will strongly push ahead with already announced measures such as strengthening the total debt-to-income ratio (DSR), and, if necessary, actively seek out additional measures such as blocking the balloon effect to non-banking sectors. “However, in the process, we will manage to minimize the impact on real-demand jeonse loans.”
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