Seoul Mayor Oh Se-hoon urged President Lee Jae-myung on October 7 to have the courage to acknowledge reality and change housing policies, stating, "What is needed now is not stubbornness but the courage to recognize reality and change policies."
Speaking at the 'Seoul Metropolitan Area Housing Innovation Forum' seminar held at the National Assembly, Mayor Oh emphasized that if public sentiment and market indicators regarding housing diverge from government expectations, the results must be acknowledged, and policies should be adjusted accordingly.
As an invited speaker, Mayor Oh highlighted the need for a comprehensive approach to housing policy in the metropolitan area, encompassing supply, taxation, finance, and transportation. He argued that the government should leverage private sector vitality in terms of real estate supply.
He pointed out that despite government measures for real estate supply, regulations such as restrictions on the transfer of membership rights, the ratio of rental housing in redevelopment projects, and floor area ratios for private redevelopment projects remain in place. He suggested, "Unnecessary regulations and procedures should be removed to allow the private sector's supply capacity to be fully realized."
Lawmakers attending the seminar engaged with Mayor Oh, asking questions and sharing their opinions to gather ideas. Lee Jun-seok, co-representative of the forum and a member of the Reform Party, stressed the importance of cooperation between Seoul and Gyeonggi Province on transportation issues, stating, "It will be crucial to strengthen the transfer system around express train and metropolitan rapid transit (GTX) stations."
Park Soo-min, a member of the People Power Party and the forum's research lead, noted that a significant obstacle to short-term housing supply measures is the rising construction costs, explaining, "The construction cost per pyeong in Seoul has increased by more than 50% compared to what was previously known. We must consider this as a basic condition and find ways to overcome the supply challenges."
The Seoul Metropolitan Area Housing Innovation Forum, which hosted the seminar, is composed of lawmakers from the People Power Party and the Reform Party representing districts in Seoul, Gyeonggi, and Incheon. Co-representatives include Park Soo-min and Lee Jun-seok.
The forum was launched on September 30 with the goal of proposing comprehensive real estate and housing policy alternatives to address the housing crisis in the metropolitan area. It aims to establish policies that can be directly reflected in the field through practical activities such as site visits and legislation.
Political analysts interpret the forum's efforts as a strategy to target the housing issue, seen as a weak point for the Lee Jae-myung administration, and to appeal to so-called 'middle-ground' voters, particularly young voters in the metropolitan area. The forum plans to announce concrete results within 100 days of its launch, indicating a strong commitment to its objectives.
Speaking at the 'Seoul Metropolitan Area Housing Innovation Forum' seminar held at the National Assembly, Mayor Oh emphasized that if public sentiment and market indicators regarding housing diverge from government expectations, the results must be acknowledged, and policies should be adjusted accordingly.
As an invited speaker, Mayor Oh highlighted the need for a comprehensive approach to housing policy in the metropolitan area, encompassing supply, taxation, finance, and transportation. He argued that the government should leverage private sector vitality in terms of real estate supply.
He pointed out that despite government measures for real estate supply, regulations such as restrictions on the transfer of membership rights, the ratio of rental housing in redevelopment projects, and floor area ratios for private redevelopment projects remain in place. He suggested, "Unnecessary regulations and procedures should be removed to allow the private sector's supply capacity to be fully realized."
Lawmakers attending the seminar engaged with Mayor Oh, asking questions and sharing their opinions to gather ideas. Lee Jun-seok, co-representative of the forum and a member of the Reform Party, stressed the importance of cooperation between Seoul and Gyeonggi Province on transportation issues, stating, "It will be crucial to strengthen the transfer system around express train and metropolitan rapid transit (GTX) stations."
Park Soo-min, a member of the People Power Party and the forum's research lead, noted that a significant obstacle to short-term housing supply measures is the rising construction costs, explaining, "The construction cost per pyeong in Seoul has increased by more than 50% compared to what was previously known. We must consider this as a basic condition and find ways to overcome the supply challenges."
The Seoul Metropolitan Area Housing Innovation Forum, which hosted the seminar, is composed of lawmakers from the People Power Party and the Reform Party representing districts in Seoul, Gyeonggi, and Incheon. Co-representatives include Park Soo-min and Lee Jun-seok.
The forum was launched on September 30 with the goal of proposing comprehensive real estate and housing policy alternatives to address the housing crisis in the metropolitan area. It aims to establish policies that can be directly reflected in the field through practical activities such as site visits and legislation.
Political analysts interpret the forum's efforts as a strategy to target the housing issue, seen as a weak point for the Lee Jae-myung administration, and to appeal to so-called 'middle-ground' voters, particularly young voters in the metropolitan area. The forum plans to announce concrete results within 100 days of its launch, indicating a strong commitment to its objectives.
* This article has been translated by AI.
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