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Housing Policy Development direction in Seoul to Strengthen Residential Competitiveness in the Transition era

Author: 
Hee-Ji LimㆍEun-Jung Yang

Several alterations have already been caused by the significant changes in our everyday lives. Natural catastrophes are occurring more frequently due to climate change, which is becoming increasingly severe. In addition, the Fourth Industrial Revolution’s companion digital revolution, which is speeding digital conversion and pandemic incidence, is driving social transformation on a larger scale. Moreover, Seoul’s per capita GRDP surpasses $40,000, boosting the percentage of cultural and leisure activities along with the demand for quality of life. These changes are being caused by the influence of ageing and low birth rates on the overall social and economic structure. Many housing indicators and data have increased recently, as property prices have increased. Therefore, it is essential to set up a long-term housing policy framework to strengthen competitiveness of housing in response to the development of a fragile housing market, which endangers the stability of the general populace and presents new issues for the future.

First, housing stability should be established through integrated supply and demand to improve residential competitiveness. Expanding the affordable housing supply area for vulnerable middle-aged income groups in the private sector is required while continuing to promote public lease housing for the disadvantaged groups in order to restore residential legs. To deal with rising real estate prices, it is also important to develop “Seoul housing statistics” and “Seoul Housing Data Centre.” The demand for supplying is established, and this is connected to the need for supply, occupancy, and loan support in line with the needs of housing, as well as the population response part of supporting young citizens and children’s parenting households by responding separately to expand the ageing problem that is gradually worsening. As a result, in combination with the urban planning system, the “Housing Supply Promotion District” was established to encourage housing supply of opponents, such as the centre, station area, arterial road, and large-scale sites.

Second, in order to boost residential competitiveness, new innovation criteria must be developed to improve the performance and quality by stabilising housing. To cope with various expanding changes, such as increasing income levels, reducing carbon emissions, preventing disasters caused by climate change, and expanding smart new technologies, a qualitative change in residential and quality change to improve the performance and quality of private houses and public housing should be achieved. We should develop a housing planning and design innovation standard for new housing that includes green, smart, community, and safety, as well as a standard for rehabilitation and environmental improvement assistance for existing housing.

Finally, the work should be structured using the housing master plan in conjunction with the relevant plan. The challenges should be investigated independently in order to create specific solutions and guarantee that the contents are included in Seoul’s “housing master plan,” which describes the city’s medium- to long-term housing strategy.

Furthermore, in conjunction with the establishment of the basic plan, housing planning and design innovation standards must be established, and the residential supply system should be linked to the fundamental plan for residential environment maintenance. The integrated supply and demand system that manage the price fluctuations should be examined in order to develop and enhance the residential status survey so that the tasks may be planned and integrated via the housing master plan.