[사설] 수도권 23만호 추가 공급, 속도가 관건이다

The government released a supply and financing plan on the 13th to stabilize the real estate market in Seoul. They secured an additional 10,000 new public land plots within the green belt in the metropolitan area, bringing the total to over 230,000 houses. To address the shortage of supply, the government plans to accelerate the process and fast-track construction.

The key to the plan is to simultaneously expand the volume and shorten the timeline. Green belt developments in Andong and Pyeongtaek will see 21,700 new housing units built, while another 73,000 units will be added this year. The average process of planning, approval, and construction, which previously took 68 months, will be reduced to 37 months.

This will increase the amount of land ready for construction from 4.8 million to 9.9 million units by 2030. Concurrent planning, called the 'shortest construction model', could alleviate the anxiety of potential demand that is currently facing a supply gap. Financial and tax incentives are also being targeted at the bottleneck in private supply.

The government aims to promote private construction and non-apartment supply by improving factors that delay construction. This approach will provide a new entry point for young people in the resale market. A 20-year long-term lease type and a rent stabilization mechanism are expected to help raise the rental rights of tenants. However, these complex schemes require careful design in pilot projects.

The government hopes to encourage younger generations through policies like 4 million won or less for monthly rent. The finance ministry is increasing its target to raise the annual increase rate of household debt by 1.5% to 3%. This would mean an additional 30 trillion won in circulation. While market effects may take time to materialize, it is important to closely monitor the situation and adjust the speed if necessary.

The shortcomings in housing policy have stemmed from a lack of planning and execution. The establishment of the 'whole-of-government housing rapid supply review meeting' under the Prime Minister's office is a reflection of this realization. Prime Minister Han Seung-soo is calling for the management of the construction clock by the central government and local authorities.