'Real Estate Policy Hinges on Third-Generation New Towns': President Calls for 'Supply Blitz'

[Anchor]

President Lee Jae-myung visited the construction site of the Incheon Gyeyang district, the first among the third-generation new towns scheduled to welcome residents, and met with prospective occupants. President Lee emphasized that the swift housing supply in third-generation new towns will serve as a turning point that determines the success or failure of real estate policy, calling for a "supply blitz."

Kang Chungwan reports.

[Reporter]

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

The Incheon Gyeyang district is where move-ins will begin first this coming December, among some 330,000 households planned for the capital area's third-generation new towns announced under the Moon Jae-in administration.

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

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

During an on-site meeting, President Lee also remarked that the prompt housing supply in third-generation new towns will be a turning point deciding the success or failure of real estate policy.

[President Lee Jae-myung: If we appear unable to properly implement the supply policies we have already announced, the public's confidence in overall real estate policies will inevitably fall. What matters most is speed.]

In particular, he ordered officials to do their best to advance actual groundbreaking schedules by even a single day, and reiterated the call for a "supply blitz" during a Cabinet meeting.

[President Lee Jae-myung: I ask you to launch a supply blitz by shortening as much as possible the time required from site development to various permits, approvals, and groundbreaking.]

President Lee also urged bold reforms, stating that any systems or regulations that hinder swift supply must all be revised.

Video by Jung Sang-bo and Yoon Hyeong | Video Editing by Jeon Min-gyu
※ Please note: This article was translated by AI and may contain errors.