Near Hwanghak-dong Flea Market, 402 Apartment Units to Be Built

[Asia Economy Reporter Kim Yuri] A multi-family housing complex with 402 units will be built near the 'Hwanghak-dong Flea Market' in Jung-gu, Seoul.

On the 13th, Seoul City held the 6th Urban and Architectural Joint Committee meeting and announced on the 14th that it had approved the revision of the district unit plan and district unit planning area for Hwanghak-dong 2085.

With this district unit plan decision, 402 multi-family housing units will be constructed within the downtown area. Among them, 52 units will be supplied as small-sized public rental housing. On a site area of 6,256.5㎡, four apartment buildings and neighborhood living facilities will be newly built with a total floor area of 56,478.4㎡, consisting of 6 basement floors and 20 above-ground floors. Part of the 4th floor of the building will house a public office. It will be used as a space to establish and support public health care policies aimed at promoting citizens' health.

The site received approval for the establishment of a local housing cooperative in September 2018. It is close to Cheonggyecheon Stream and within walking distance of Sindang Station on subway lines 2 and 6. The Hwanghak-dong Flea Market, Kitchen Street, and Seoul Jungang Market are also nearby. The nearby Cheonggyecheon riverside Lotte Castle Venezia (1,870 units) had a real transaction price of 895 million KRW last month for an 84㎡ (exclusive area) unit.

A Seoul City official said, "We expect that this district unit plan decision will contribute to expanding residential supply in the downtown area and providing high-quality public health care services."

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