Lee set to hold closed-door meeting on housing supply plans
SEOUL, Aug. 7 (Yonhap) -- President Lee Jae Myung was set to hold a meeting Frid...
President Lee Jae Myung is scheduled to convene a closed-door meeting on Friday to deliberate housing supply strategies, as the government endeavors to temper the surging real estate market. The exclusive gathering of government ministries is anticipated to unveil housing supply proposals, in accordance with Lee's directive to officials earlier this week to expedite housing provision.
The exorbitant housing prices in Seoul and neighboring regions have become a paramount policy challenge for the Lee administration, tasked with curbing the overheated real estate sector. On Monday, the government unveiled a series of tax adjustments targeting high-value property owners, with the government projected to announce substantial housing supply plans soon.
On Monday, during a pertinent meeting, Lee directed officials to "maximize housing supply, and devise plans for the swift execution of supply measures, incorporating feasible administrative measures, financing, and regulatory relaxation."
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