PPP Visits New Town Construction Site, Criticizing Government Policy as Repeating Past Failures

[Anchor]

The People Power Party visited a 3rd-phase new town construction site today (August 13) and met with prospective residents to criticize the government's loan policies. Targeting the real estate supply measures announced today, the party raised its voice, calling them "recycled policies that follow the failed trajectory of the Moon Jae-in administration."

Here is a report by reporter Kim Bo-mi.

[Reporter]

The People Power Party's "Real Estate Normalization Special Committee," headed by leader Jang Dong-hyeon, visited the construction site of the Changneung New Town in Goyang, Gyeonggi Province, today.

Leader Jang also met with prospective residents of the 3rd-phase new town who are protesting that the preferential loan conditions presented at the time of pre-subscription recruitment in 2022 disappeared just before the main subscription.

[Jang Dong-hyeon / People Power Party Leader : Real estate policy is not about ideology, but about people's livelihood. The housing stability of actual demand seekers must naturally be at its center.]

Regarding the real estate policies such as the August 13 supply measures announced by the government today, the People Power Party dismissed them as "deceptive loan-encouraging measures" and "empty policies" that recycle past initiatives.

[Choi Su-jin / People Power Party Senior Floor Spokesperson : Given that it is a belated announcement and a recycled policy with nothing new, it is repeating the exact same footsteps of the Moon Jae-in administration's failed real estate policies.]

In particular, noting that the aggregate household loan target was doubled from 1.5% to 3% in just four months due to the so-called "loan open-run" phenomenon, the party argued, "It is a sight where the government is taking the lead in loosening loan restrictions and pushing citizens into mountains of debt."

It also criticized the plan as "deception," pointing out that while the government claims it will supply an additional 230,000 homes in the Seoul metropolitan area, specific locations have been announced for only 27,000 of them, and only 1,000 homes are located on the Yeomchang Park site in Gangseo-gu, Seoul, where demand is actually concentrated.

Regarding the government's announcement to nearly halve the construction start period for public housing sites to 37 months, the Reform Party also demanded, "Various approvals and permits, such as land compensation and relocation, cannot be achieved just by shouting for a speed battle. Come up with concrete execution plans first."

(Reported by Lee Seung-hwan and Shin Dong-hwan | Video by Park Sun-soo | Graphics by Lee Jong-jung)
※ Please note: This article was translated by AI and may contain errors.