Seoul Mayor Oh Se-hoon blames President Lee for housing prices, jeonse supply crisis

  • Seoul Mayor Oh Se-hoon blamed President Lee Jae-myung for Seoul’s jeonse supply crisis.
  • Park Won-soon lifted 389 redevelopment and rebuilding zones, removing potential supply of 430,000 homes.
  • Oh opposed housing construction in Yongsan Park and criticized the government’s farmland survey.

Seoul Mayor Oh Se-hoon said housing policy was a major reason for President Lee Jae-myung’s declining approval ratings, arguing that the government’s approach could push property prices higher and worsen Seoul’s jeonse shortage. Speaking on the 19th, a day after Lee’s news conference, Oh said the president had shown no sign of changing course and should take responsibility for the disappearance of jeonse listings. He rejected Lee’s suggestion that Oh and others contributed to Seoul’s price surge, citing former Mayor Park Won-soon’s lifting of 389 redevelopment and rebuilding zones and the resulting loss of potential supply totaling 430,000 homes. Oh also criticized the government’s farmland survey, opposed any housing construction in Yongsan Park and retained his earlier positions on separate legal and political issues involving Kim Seung-won, Myung Tae-kyun and Kim Han-jung.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.