"Failed to Control Housing Prices and Only Raised Jeonse and Monthly Rent"... Government Policy Criticized

[Anchor]

At a real estate forum hosted by the Seoul Metropolitan Government, criticisms poured out against the government's real estate tax reform plan. A novice office worker living in a monthly rental apartment expressed anxiety that her landlord might move in, while real estate agents criticized that government measures have driven up jeonse (lump-sum housing lease) and monthly rent prices.

This is reported by Yun Nara.

[Reporter]

About 50 citizens, real estate agents, and experts attended the Seoul real estate policy forum.

Participants unanimously agreed that the government's tax reform plan failed to fully consider its impact on the jeonse and monthly rental markets.

A person in their 20s who recently started working in Seoul said that even the monthly rental room she barely managed to find amid a shortage of jeonse has become a source of anxiety.

[Kim Min-jung / Novice office worker: If the landlord says they are going to live in the unit themselves, I'm worried whether I'll have to move out and go through this exhausting process of finding a home all over again.]

Real estate agents diagnosed that following the announcement of the tax reform plan, which increases the tax burden on non-resident single-home owners, jeonse and monthly rental listings have noticeably decreased because landlords are trying to move into their properties themselves.

[Park Jun / Songpa-gu, Seoul (Real estate agent): Owners who used to rent out their properties are trying to move in themselves, so while there used to be about 50 to 80 jeonse and monthly rental listings, it has now dropped to under 10, and prices have risen sharply.]

They also pointed out that home purchase prices are surging significantly as well.

[Kim Yong-hyuk / Gangseo-gu, Seoul (Real estate agent): When there are no jeonse or monthly rental properties, people who intended to rent have to buy homes instead. Over the past month or two, apartment prices seem to have gone up by 100 million won.]

Mayor Oh Se-hoon raised his voice against government policies, stating that housing issues should be solved through supply rather than taxes and regulations.

[Oh Se-hoon / Mayor of Seoul: How can jeonse and monthly rent issues be resolved by imposing heavy taxes on those who already own homes? We need to provide business incentives to private rental suppliers to encourage more investment and supply.]

Mayor Oh also drew a line regarding the proposal to supply housing on the site of the Yongsan Children's Garden, stating that maintaining Seoul's green spaces is the duty of the Mayor of Seoul and that it is "an absolute impossibility."

(Camera: Joo Bum, Kim Heung-ki | Video Editing: Yu Mi-ra)
※ Please note: This article was translated by AI and may contain errors.