Candidate for First Vice Minister Lee Hyeong-il said that the government intends to shift the housing market to a residence-centric model. He plans to reduce the basic deduction for comprehensive real estate tax for non-residents and provide benefits to actual residents, aiming to create a residence-centered market. He emphasized that expanding housing supply is the most important factor for stabilizing the real estate market and said that tax or financial support is unnecessary. He also revealed that he is preparing a system to mass-purchase houses for public housing ownership in preparation for a plunge in house prices, following President Lee Jae-myung's instructions.
