Oh Se-hoon, Criticism of Real Estate Policy and the Jeonse Crisis
Criticism of Oh Se-hoon's real estate policy, examining the causes of rising home prices and the jeonse crisis, as well as the government's responsibility Quickly check the background of Seoul's housing supply shortage and market distortion, along with the key issues
Seoul Mayor Oh Sehoon criticized President Lee Jaemyung's real estate policy, saying it is having a negative impact on housing prices and the jeonse market. In a broadcast interview on the 19th, he argued that the current administration's policy direction is unlikely to lead to a drop in housing prices, and said the government is also responsible for the decline in jeonse listings.
Mayor Oh also pushed back on the cause of the rise in Seoul housing prices. He said that supply volume had decreased due to past redevelopment and reconstruction cancellations, explaining that Seoul's shortage of supply has been accumulating over time.
He also pointed out that, in relation to the jeonse shortage, policies centered on owneroccupancy have worsened market distortions. He stressed that, rather than treating home ownership itself as a problem, expanding supply for market stability and maintaining policy consistency are more important.
In addition, he expressed a critical stance on the government's overall policies, including the development of Yongsan Park, farmland inspections, and the creation of a future response fund.