President Lee Urges 'Blitzkrieg' on Housing Supply: "Do Not Be Bound by Conventions and Procedures"

Regarding housing supply policy, President Lee Jae-myung said, "I hope you will launch a blitzkrieg on supply by dramatically shortening the time required from site development to various permits and groundbreaking as much as possible, without being bound by conventional practices and procedures."

In his opening remarks at a Cabinet meeting he presided over at the Blue House on this day, President Lee stated, "Housing stability is the core foundation for a tangible improvement in people's lives."

President Lee first pointed out, "For about three years since 2022, housing construction permits have dropped significantly, mainly in Seoul," adding, "With delays in the supply of new housing sites such as new towns, housing supply anxiety has persisted structurally."

He then repeatedly stressed the need to accelerate supply, stating, "To resolve the current real estate problem, which is the result of a combination of various factors accumulated from the past, consistent market management policies and large-scale housing supply must be carried out swiftly. What is particularly important is not merely declaring or announcing how many homes will be built, but actual groundbreaking and move-in." 


President Lee also urged, "In addition, special attention must be paid to the swift supply of high-quality public rental housing for young people and the middle class through proactive fiscal management."

He went on to say, "In December, move-ins will begin in Gyeyang, Incheon, for the first time among the third-generation new towns," urging, "Housing supply in other new towns must also be expedited. Please make all-out efforts with the determination that the success or failure of state affairs hinges on housing stability that the public can truly feel."
 
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.