Lee Heon-wook, former president of Gyeonggi Housing & Urban Development Corp. (GH) took office as the 17th president of Korea Real Estate Board (REB) on Feb. 25.
He delivered his inaugural speech in which he stressed organizational innovation based on expertise and responsibility in the real estate sector.
At an inauguration ceremony held at REB headquarters in Daegu, new REB President Lee emphasized the strengthening of REB’s standing as a real estate policy institution and its execution of public responsibilities.
President Lee said, “Real estate is a base of people’s life and a core foundation for balanced development of the whole of society and sustainable growth, and REB will fulfill its roles and responsibilities as a public institution connecting people and the government.”
In his inaugural speech, President Lee elaborated on core management tasks, such as reviewing the organization and work methods, innovation in the framework of thinking and the execution of field-centered policies.
He stressed the importance of setting the direction of policies rather than outcomes and establishing a corporate culture respecting field-level experience and data.
While heading GH, Lee spearheaded the development of a basic housing policy for Gyeonggi-do, a general long-term rental housing model, in accordance with policy agendas of then-Gov. Lee Jae-myung.
Lee, a lawyer-turned seasoned real estate expert, had experience with public livelihood issues through his civic society and public interest activities.
“REB will actually realize people’s housing rights and the values of balanced development of the national territory, which are guaranteed by the Constitution and we will redouble efforts to make REB an institute trusted by people based on expertise and responsibility,” President Lee said.
President Lee graduated from Seoul National University Engineering College before he passed the 40th judiciary examination and became a public lawyer. He also served as GH president.
Apartment Transaction Prices across Nation Rise 0.04 Percent
Apartment transaction prices across the nation continued to increase slightly. But rising districts had dropped and declining districts had risen with mixed trends according to each district.
Some favorite complexes continued to be transacted at rising prices, but some complexes showed signs of increase and adjustment.
Figures released by REB on March 5 showed that apartment transaction prices across the nation shot up 0.04 percent in the first week of March.
The Seoul metropolitan area saw apartment transaction prices increase 0.07 percent; Seoul, 0.09 percent and provincial areas, 0.02 percent.
Overall, apartment transaction prices continued to show signs of increase, but the rising margin was limited.
Out of 181 surveyed cities, counties and ward areas, 103 districts saw apartment transaction prices rise, one less than the previous week, but 73 districts saw apartment transaction prices drop, and the number of districts seeing no price changes declined.
Apartment price indexes continued to show signs of rise, but actual transaction trends differed, with simultaneous signs of rise and drop in some areas.
Seoul saw apartment transaction prices show signs of rise with a slight declining margin.
Apartment units were transacted at lower prices at some apartment complexes, showing signs of adjustment.
Apartment complexes, seeking reconstruction projects, and Mixed situations were seen with better settlement conditions, continuing to show signs of rising.
By ward area, apartment transaction prices in Dongdaemun-gu, Seongbuk-gu and Gwangjin-gu in the Gangbuk (north of the Han River) area increased whereas those in part of Yongsan-gu were seen dropping.
Apartment transaction prices in Gangseo-gu, Yangcheon-gu and Yeongdeungpo-gu in the Gangnam (south of the river) area shot up, but some complexes in the Gangnam area dropped.
Prices in the same districts differed complex by complex.
_한국부동산원 이헌욱 원장 취임식.png)
