Lee Jae-myung vows to deploy comprehensive measures ensuring repayment terms favor selling over holding, even for owners of single speculative properties not used for personal residence.
Market Cooling Strategy
On social media platform X, Lee Jae-myung posted on the 26th that top-tier properties will encounter heightened burdens and regulations matching standards in major advanced-nation capitals. He outlined a plan where restrictions target actual occupancy single homes as the baseline, adjusting impacts based on usage, property count, value levels, regulatory details, and local factors to rigorously curb non-residential speculation.
“Intervening in policy enforcement to block rule-breakers from reaping undue gains forms the cornerstone of national normalization,” Lee Jae-myung stated. “Hoarded listings will face suffocation, while holdouts endure heavier loads.”
Critique of Tax Breaks
Addressing high-interest special bonds aimed at long-term holders, he remarked that exempting speculative investments from taxes under the pretext of extended ownership reflects flawed thinking. “This approach feels overly elitist,” he added.
Election Context and Firm Stance
Ahead of the May 9 district vote, Lee Jae-myung asserted that upholding policy credibility precludes favoring holdouts over sellers. “Powerful levers like taxes, interest rates, and regulations offer ample tools to dismantle reckless property speculation, regardless of the challenge,” he concluded.
