홍남기 "지분적립형 주택, 20∼25% 지분으로 입주…2023년 분양"<br /><br />South Korea's finance ministry has laid out a series of measures to achieve stability in the country's real-estate as well as the home-rental markets.<br />Kim Jae-hee reports.<br />The government will prioritize securing houses for people who don't own their own home, particularly newly-married couples not yet on the property ladder.<br />This is according to South Korea's Finance Minister Hong Nam-ki Wednesday as he spoke at a ministerial meeting related to the real estate market.<br />Under the government's new plan, buyers can pay a deposit of just 20 to 25 percent of the property's value and pay the rest off over the years.<br />The tenants can equally divide repayments into 10 to 15 percent chunks every four years, so the tenant eventually owns the property outright within 20 to 30 years.<br />The rent payments will also be set at a lower level than the market price.<br />These housing units will be available to non-homeowners in their 30s and 40s, and newly married couples.<br />"We believe the new plan will mitigate the initial burden on ordinary people who dream of buying a house, but lack the financial means to do so."<br />The government plans to gradually apply this new measure to new housing sites, possibly from 2023.<br />The minister also said the South Korean government is looking to change the way it assesses the value of real estate, so it can charge higher property taxes.<br />Under the plan, by 2030, the government will assess property at either 80, 90 or a hundred percent of its market value.<br />The current rates are 65-and-a-half percent for land and 69 percent for homes.<br />However, the government hopes to prevent the revised property tax negatively affecting low to middle income people who own one low or mid-priced home.<br />The minister said household debt has continued to grow since the outbreak of COVID-19, but the pace is expected to slow in October.<br />He pledged the government will continue to closely monitor related trends so household debt does not become a risk factor for the economy.<br />Kim Jae-hee, Arirang News.<br />
