Gyeonggi Province "Welcomes Moon Jae-in Administration's Expansion of Lifetime Housing"

[Suwon Ilbo=Park No-hun] Gyeonggi Province has issued a welcome statement regarding the Moon Jae-in administration's decision to expand lifetime housing.

According to Gyeonggi Province on the 11th, the province expressed "welcome" to the Moon Jae-in government's policy announced at a meeting of senior presidential secretaries at the Blue House on the 10th to expand lifetime housing, saying "this is more advanced than the Basic Housing proposed by Gyeonggi Province."

The following is the full text of Gyeonggi Province's welcome statement.

We welcome the Moon Jae-in administration's decision to expand lifetime housing.

President Moon Jae-in announced at a meeting of senior presidential secretaries at the Blue House on the 10th that "public rental housing will be expanded into 'high-quality lifetime housing' that anyone, including the middle class, would want to live in."

This is more advanced than the 30-year residential 'Basic Housing' policy proposed by Gyeonggi Province on July 22, and we welcome it together with 13.7 million residents of Gyeonggi Province.

Gyeonggi Province's 'Basic Housing' aims to enable any homeless person to enjoy housing security rights for 30 years or more in urban transit-oriented areas. Housing in terms of area and quality will be supplied at a level that satisfies the middle class.

The expansion of Basic Housing supply will significantly contribute to real estate market stabilization and residents' housing stability by reducing speculative demand.

Gyeonggi Province, in line with the Moon Jae-in administration's determination to "surely protect end-users and definitely eradicate speculation," will make utmost efforts to eradicate speculation and ensure housing stability for residents.

August 10, 2020
Gyeonggi Province