Hong earlier warned of potential adjustments in housing prices, saying that the government has a strong commitment to curbing high-flying home prices.
The minister also said the government plans to soon come up with measures to help ordinary people and first-time homebuyers find homes, including an expansion of state-backed lending programs.
The government has unleashed a series of comprehensive measures to stem rising home prices, but the regulations have resulted in only a short-term letup in rising housing prices.
In February, the country unveiled a plan to increase the number of new homes by up to 836,000 nationwide in the next four years. (Yonhap)