Vacant Houses in Jeongidong Area, Seoul Reborn as Private Rental Housing

Aerial view after the autonomous housing maintenance project in Jegi-dong, Dongdaemun-gu, Seoul (Photo by Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced that construction for the autonomous housing maintenance project will begin on the 27th in the aging low-rise residential areas within the urban regeneration New Deal sites selected last year.

According to the Ministry on the 26th, this project, taking place in Jegi-dong, Dongdaemun-gu, Seoul, involves existing landowners forming a residents' consensus group to demolish 17 vacant houses (30 units) and build 8 new buildings (a total of 66 units).

The newly constructed houses will be supplied as long-term general private rental housing. Tenants will be able to live with peace of mind for up to 8 years, with rent increases capped at 5% per year. Small libraries and other shared facilities will be installed on the lower floors.

Near the autonomous housing maintenance project site, additional initiatives such as securing parking spaces, installing unmanned parcel lockers, and improving alleyways will also be carried out.

There are 85 residents' consensus groups nationwide promoting autonomous housing maintenance projects. Currently, 19 projects have started construction, and 7 have been completed, showing an increasing trend each year.

Yoo Deok-yeol, Mayor of Dongdaemun-gu, stated, "The Jegi-dong autonomous housing maintenance project is expected to widen the road width within the project implementation area and improve the environment of some vacant aging residential areas," adding, "We will provide active administrative support to ensure there are no setbacks from construction to completion."

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