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Jin Sung-jun, the policy chief of the Democratic Party, held a press conference on policy issues at the National Assembly in Yeouido, Seoul, on the 30th, stating that they will launch the Korea Booster Project that surpasses the limitations of Yoon Suk-yeol government’s Value-up Project. On the right is lawmaker Kim Nam-geun. 2024.7.30/News1 Copyright (C) News1. All rights reserved. Redistribution and use without permission, AI learning prohibited. / Photo = News1,
, ‘Jin Sung-jun, the policy chief of the Democratic Party, recently commented on the chaos caused by the paralysis of the Korea Housing Corporation’s website due to the non-priority lottery for Hwaseong Dongtan, saying, “Due to the calculation that one can make tens of billions of won in profit if selected, an unprecedented situation has occurred,” and stated that “Yoon Suk-yeol government’s failure in real estate policy is fueling the surge in housing prices.” ‘,
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, ‘On the 1st, Jin stated at a policy adjustment meeting held at the main building of the National Assembly in Yeouido, Seoul, that “over 3.3 million people applied for the apartment lottery over two days starting from the 29th.” ‘,
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, ‘Jin further stated, “The rising trend of apartment prices in Seoul is also concerning. According to the Korea Housing Corporation, Seoul’s apartment prices in the fourth week of July rose by 0.3%, marking the largest increase in 5 years and 10 months since September 2018,” and said, “The overheating phenomenon of mortgage loans for housing is also concerning. As expectations of rising house prices increase, there has been an increase in ‘yeongkle’ (borrowing liars) and ‘debt-to-equity’ situations.” ‘,
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, ‘He continued, “The Minister of Land, Infrastructure and Transport hurriedly stated that it was only a temporary rebound, distorting and minimizing the situation,” and criticized, “The government even denied the clear reality that there is no shortage of supply. The number of homes approved for construction until May this year, 126,000 units, is the lowest level in the past five years.” ‘,
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, ‘He also pointed out, “The government is only coming up with measures to stimulate the housing market, such as expanding policy loans, relaxing qualifications for special loans for newborns, and implementing a DSR (Debt Service Ratio) of the second stage, with inappropriate diagnoses and inept prescriptions overlapping, causing increased anxiety about house prices and housing,” Jin emphasized. ‘,
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, ‘He stated, “The government must prioritize considering ways to supply affordable housing that the people can afford without hesitation. The government must be aware that policies that neglect housing supply and only increase loans will only encourage real estate speculation and lead to a rise in housing prices,” he added. ‘, ‘article_split’,
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