Research Reports

● The Korea Construction Industry Research Institute selected ① a sustainable supply system, ② a system that responds to changes in the market structure, and ③ stabilization of construction and real estate finance as policy issues to overcome the construction and real estate market crisis in 2024, and proposed policy tasks for each issue. - Establishment of a Sustainable Supply System to Stabilize the Real Estate Market: Revitalizing the  Maintenance Project + Improving Regulations on the Supply of  - Preemptive System Reorganization in Response to Structural Changes in the Housing Market: Responding to Future Demand in  + Housing Stabilization for Ordinary People in  - Establishment of policies to stabilize the finance of construction real estate:  PF crisis soft landing + fundamental improvement of  PF structure ● Policy task areas were set for each of the three major issues, and a total of 24 tasks were derived. - 1) Establishment of a sustainable supply system to stabilize the real estate market: Propose nine tasks in two areas: revitalizing maintenance projects to expand the supply of downtown  and improving supply regulations to create  - 2) Preemptive system reform in response to changes in the housing market structure: Propose eight tasks in two areas: responding to the future of  and boosting demand for market normalization, and reorganizing the system to stabilize housing for the common people in  - 3) Formulating policies to normalize construction real estate finance: Propose seven tasks in two areas: inducing a soft landing of the  real estate PF crisis and improving the  real estate PF structure ● (Preparation of a sustainable supply system to stabilize the real estate market) The contents of each sector's tasks are as follows. - (Activation of maintenance projects to expand the supply of downtown ) First, to promote rapid and smooth urban maintenance projects, second, to revitalize public participatory maintenance projects to promote maintenance projects in areas lacking business feasibility, third, to reorganize the floor area ratio system of maintenance projects to improve old high-density residential areas, fourth, to introduce financial structures and reorganize business structures to raise project costs and contributions, and fifth, to reorganize related systems related to shopping malls to enhance the speed and equity of reconstruction projects - (Improvement of supply regulations to create  volume) First, expansion and early promotion of the third new city in preparation for shortage of housing supply, second, easing supply reduction due to soaring housing construction costs, third, preparing realistic regulations on noise between floors of apartments, and fourth, improving the school facility supply system reflecting the future educational environment ● (Preemptive system reform in response to changes in the housing market structure) The contents of each sector's tasks are as follows. - (Estimulating demand for future response to  and market normalization) First, improving the system for flexible non-apartment market operation, second, reforming the tax system to boost demand and resolve unsold housing, third, revitalizing senior housing reflecting the future demographic structure, and fourth, reorganizing the subscription system to provide opportunities for fair housing - (Reorganizing the system to stabilize housing for ordinary people in ) First, establishing infrastructure in the rental market to eradicate lease fraud, second, rationalizing lease loans to stabilize rental housing, third, improving the public-supported private rental housing system to revitalize corporate rental housing, and fourth, normalizing the private rental business system to stabilize the rental market ● (Preparation of policies to normalize the finance of construction real estate) The contents of each sector's tasks are as follows. - (Inducing a soft landing on the real estate PF crisis in ) First, promoting the resolution of unsold apartments, second, reducing the amount of losses of private businesses (construction companies and financial institutions) by purchasing insolvent workplaces, third, improving the conditions for promoting joint PF projects between the public and private sectors, and fourth, establishing and operating a cross-ministerial cooperation system to improve PF business feasibility - (Improving the structure of real estate PF in ) First, improve the risk concentration structure of construction companies, second, prepare a liquidity supply device for the construction industry to stabilize the development project, and third, present a comprehensive management system for real estate PF projects ● Summarizing the system of three major issues, six sectors, and 24 tasks and the details of each task, as shown in the following Table.