A Study on the Revitalization of the Nest Housing Policy in Korea
Authors:   Asia-Europe Perspective Association, Choi Hyun-Il , Cho Kwang-Haeng 
Published: June 2018

Nest housing policy near greenbelt currently being promoted in South Korea began the good intention to provide housing to that homeless populace by the low selling price. The reason many people is interested in nest housing is cheaper and good accessibility from the city center.
Despite these advantages, however, the nest housing policy since the early days of the introduction are controversial. Because environmental degradation, excessively low prices according to Greenbelt speculation, and the adequacy of the selling price were pointed out. And side effects appeared in the process of the housing supply after 'special law' on nest housing construction in March of 2009 was enacted. Especially in recent years, It continues to increase public opinion that we have to find ways to enable the roost in the metropolitan area due to the downturn of the real estate market, an increase in the course of unsold housing, and offering a policy targeted populace to avoid fading and the purpose of the introduction.
Therefore, we raised the research problem that “nest problems that appear in the process of housing supply, and how complementary institutions to be settled in the right direction, and how improvements should they be?”. To resolve these research problems, we aimed to analyze the problems occurring in the process of the supply of housing by March 2009 legislation and to suggest ways to improve.
By reviewing theoretical discussion on the housing nest, roost supply of housing status and supply, we suggest ways to improve following issues.
First, rather than the tremendous commitment to supply 1.5 million by 2018, it would be desirable to supply a realistic goal with upright practice. Because the past government tried to achieve the bulk of the supply of public housing, no government has achieved including the government in Roh Tae-woo, Kim Young-sam government, Kim Dae-jung government, and Roh Moo-hyun government.
Second, in order to solve the problem of delay that it takes seven years, it will be necessary to reduce procedure of nest occupancy. In addition, to resolve problems such as conflict with local residents, it is necessary that the establishment of a rational compensation system and nests housing policies for populace have priority than any other public works projects.
Third, issues related to the adequacy of the selling price, the government would supply the roost around 70-80% of the level of pre-sale housing prices, but selling ordinary people can not afford these prices. Therefore, we must find ways to reduce land and construction costs that can be supplied more cheaply. And from a long-term perspective, the residential area of land should be purchased in advance and lower prices through the housing prices depending on the market situation should be practiced, so that it is not affected by the financial cost of increased business due to the delay.
Fourth, in order to solve problems that appeared as small development increase, the largest construction combined 3-4 existing nest housing complex through urban infrastructure needed supplies will be presented. Because, to avoid the bedtown, it should be more than a certain size with the city, and the city infrastructure equipped with facilities, and will be able to connect to public transportation such as trains and buses.
Fifth, still end-user has the burden because of 7-10 years of prohibiting transfer and 5 year compulsory residence requirements. Therefore, it will be shortened more boldly of residential homes period and obligations requirements. And we propose to mitigate mandatory residence period, less than 85 ㎡ off the development of restricted areas on public land and supply of housing for releasing excessive regulation.