Transition Committee “Reconstruction of the first new city, promoted as a mid- to long-term national project”

The Presidential Transition Committee announced that it is slowly promoting the reconstruction of the first new towns such as Bundang and Pyeongchon as a mid- to long-term national task.

As house prices in the area fluctuated, he took a step back, saying he would not rush ahead with the promise he had made to loosen the restrictions on reconstruction.

In Bundang, Seongnam, Gyeonggi-do, which is a representative new city of the first phase, a number of places are forming a committee to start reconstruction recently.

This promise of President-elect Yoon Seok-yeol was greatly influenced.

[윤석열 대통령 당선인 (지난 1월 6일, 신도시 재정비 공약 발표) : 1기 신도시 재정비 사업 촉진을 위한 특별법을 만들어 용적률을 상향 조정하여 충분한 공급 이뤄지도록 하겠습니다.]

It was meant to increase the supply to the metropolitan area by doubling the floor area ratio up to 500%, which is possible up to 210% under current regulations.

However, as a result, while house prices in other regions of Gyeonggi-do were falling, the first-phase new towns turned to an uptrend as they jumped more than 200 million won.

At the same time as pointing out that it would stimulate the real estate market, there were opinions that preferential treatment would be given only to some areas, but the acquisition committee eventually took a step back.

He said that he would not rush, saying, “I will review the reconstruction of the first new city as a mid- to long-term task.”

It is interpreted to mean that the weight will be put on stabilizing the market rather than loosening regulations for the time being.

Concerns were raised among the residents of the first phase of the new city.

If the floor area ratio is raised and there are not many general pre-sales, the burden on the current homeowners will increase and the process will be delayed.

[신승철/공인중개사 : 30년 넘은 신도시에 대해 정부에서 (재건축 규제) 완화해준다는 기대감 때문에 최근에 거래가 상당히 있는 편이었습니다. (앞으로) 재건축을 바라는 (매매) 수요는 조금 줄어들 가능성이 있습니다.]

Only if the new government ensures specific real estate policies early on will this kind of confusion be reduced.

(Video coverage: No. 1, Video editing: Kim Jong-mi)

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