Seongnam City to Provide 90% Support for Creating Parking Lots by Removing Walls and Gates

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province is implementing the 'Home Parking Lot Creation Support Project' as a solution to parking difficulties in densely populated residential areas of the old downtown.

This project provides subsidies covering up to 90% of the costs when owners of single-family or multi-family houses demolish their house fences or gates to create parking spaces.

If both the fence and gate are removed and a parking lot is installed, a maximum of 2 million KRW will be supported.

If the gate is demolished and a parking lot is created, 1.7 million KRW will be supported; if the fence is demolished and a parking lot is created, 1.5 million KRW will be supported. Additionally, if the number of parking spaces is increased, up to 500,000 KRW per additional space will be provided.

To participate in the project, applicants must submit a simplified drawing showing the secured parking area and construction section, an estimate, identification, and an application form to the relevant district office.

A city official explained, "Compared to the public parking lot construction projects that require huge budgets, the home parking lot subsidy project has the advantage of securing parking spaces with a smaller budget."

This content was produced with the assistance of AI translation services.