A revamp on the housing policy of the capital city appears to become among the priorities of newly-elected mayor Oh Se-hoon, as the concern is believed to have pushed him towards election victory.
As People Power Party’s candidate, the new mayor pledged in his campaigns to “speedily” forward policies through using his experience as the top city official from 2006 to 2011.
Included in his vows is to increase the supply of housing in Seoul.
“Starting today, Seoul will leap again,” the new mayor said as he made his first appearance at the City Hall for the start of his term. City officials welcomed him as he entered the lobby.
“Seeing all of you welcoming me on my first day, I once again feel a heavy sense of responsibility,” he said, as he made a promise to move as one brings about change in the capital city and to the lives of the people.
Oh, starting off his responsibilities as mayor, looks to limitations on floor area ratio and the figure of floors in development spaces.
He laid down a groundwork of putting to old neighborhoods some 185, 000 new housing units.
He is given an option to forward change or put away a rule limiting apartment buildings to only 35 floors.
The said rule was made during the term of Park Won-soon of the liberal bloc.
The new mayor also promised to provide 30, 000 units through providing extraordinary benevolence on floor area ratios to residents pushing through combined development plans on shared land plots.
To confront the supply crush which pushed the hike in housing prices the new mayor eyes to establish some 360, 000 units.
Fulfilling these plans rely on his fate to keep his position after rendering the last 14 months left of late mayor Park’s term, who died from suicide over sexual abuse allegations.
There will also be hard negotiations in the city council for Oh, as the liberal party currently holds 101 out of the 109 seats.
“It won’t be easy,” the mayor said in an interview with Yonhap News Agency last March. “But city and ward council members conduct municipal affairs based on matters of everyday life. Each district has something they want. I believe there will be room for compromise.”
Oh will replace the acting chief in the municipal government leadership.
For more than eight months served by the acting chief, the capital city has progressed on the restoration project for the Gwanghwamun Square’s landmark in the city’s downtown.
Construction work has started to spread out the road on the east, while working to replace the road on the west with an abundant park.
Now, with Oh as mayor, the direction of the renovation plan becomes unsure.
“I would like to ask for whom construction is taking place at a time when life is already hard because of COVID-19,” Oh said in a social media post last year. “All it is is an architect’s insistence that the square should be on one side, not in the center.”