1. CONTENTS
(1) RESEARCH OBJECTIVES
The purpose of this study is not only to evaluate the achievement of real estate policy of the Participatory Government focused on the real estate market transparency and speculation demand regulation but to discuss the merits and demerits.
(2) RESEARCH METHOD
This study was performed with various statistical data which were collected from the government and public institutions by means of the retrospectives ways in legal and systematic side.
(3) RESEARCH FINDINGS
According to a analysis, there was a positive effect on the policy of the real estate market transparency. Meanwhile it is safe to say that the policies of speculation demend regulation on land and house was not effective since the price of land and house had been unstable.
2. RESULTS
This study offers alternatives that participation of various levels of government and stakeholders in real estate policy making process is suggested to solve this problem. Also it is advised that the government should not underestimate the regional character and the segmentation of housing speculation region. Finally, it is recommended that the subsitution of low interest mechanism is necessary.