Seoul Mayor Oh Se-hoon disputed President Lee Jae-myung's description of rising home prices in the city's outer districts as a "leveling-out process," saying "leveling up" better reflected market conditions. The remarks came as the first completed project under Seoul's Moa Housing program began move-ins in Gwangjin District. The former Hanyang low-rise housing area, referred to in the latest briefing as Riverside Station Central IPark and previously as Central I'Park at Gangbyeon Station, expanded from 99 to 215 units after height and floor-area-ratio limits were eased. Seoul plans to break ground on 40,000 Moa Housing units by 2031. The city is also facing rental pressure as jeonse supply contracts and deposits and monthly rents rise. Separately, Deputy Prime Minister for Economic Affairs Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song held their first meeting six days after Lee took office, highlighting tensions between expansionary fiscal policy and the BOK's recent rate increases. Mid-tier builders are increasing their presence in Seoul through street-block housing redevelopment and small-scale rebuilding, while new mortgage rules and additional public rental supply are expected to affect housing demand.