"Supply in Third-Generation New Towns Will Determine Success of Real Estate Policy"

[Anchor]

President Lee Jae-myung visited the Gyeyang district in Incheon, the first site among the third-generation new towns set to welcome residents. President Lee emphasized accelerating the pace of supply, stating that the swift delivery of housing in the third-generation new towns will serve as a turning point determining the success or failure of real estate policy.

Reporter Kang Chungwan reports.

[Reporter]

President Lee Jae-myung visited a public housing construction site in the Gyeyang district of Incheon.

The Incheon Gyeyang district is the very first site where move-ins will begin this coming December among the roughly 330,000 households planned for the third-generation new towns in the capital region, which were announced under the Moon Jae-in administration.

After receiving a briefing on the status of the new town development, President Lee emphasized "prompt housing supply."

[President Lee Jae-myung: We must advance new supply as much as possible.]

During an on-site discussion, President Lee also noted that the rapid supply of housing in the third-generation new towns will become a turning point that decides the success or failure of real estate policy.

[President Lee Jae-myung: If we appear unable to properly carry out the supply policy that has already been announced, public trust in real estate policy as a whole will inevitably decline. What matters most is speed.]

In particular, he instructed officials to do their utmost to move up actual construction schedules by even a single day, and during a Cabinet meeting this morning (October 20), he also underscored a "supply blitz."

[President Lee Jae-myung: I hope you will wage a supply blitz by minimizing the time required from residential site preparation to various permits, approvals, and groundbreakings.]

President Lee also called for bold improvements, saying that any systems or regulations hindering swift supply must all be reformed.

(Video by Jeong Sang-bo and Yoon Hyeong | Video Editing by Jeon Min-gyu)

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