Sadang 4-dong, Dongjak-gu, an Urban Regeneration New Deal project site, 'Urban Regeneration Fully Launched'

Selected for Government Urban Regeneration New Deal in August Last Year, Full-Scale Promotion of 20 Pilot Projects in 9 Sectors
"Improving Residential Conditions and Enhancing Residents' Quality of Life through General Neighborhood-Type Urban Regeneration Projects"

[Asia Economy Reporter Yuri Kim] Sadang 4-dong in Dongjak-gu, Seoul, a government urban regeneration New Deal project site, is set to actively promote urban regeneration.

On the 28th, Seoul City held the 4th Urban Regeneration Deliberation Committee and approved the 'Sadang 4-dong Urban Regeneration Activation Plan' for the low-rise residential area and alley commercial district around 300-8 Sadang 4-dong, Dongjak-gu, the city announced on the 29th.

This area is a station area adjacent to Namseong Station on Subway Line 7, but 65.1% of the buildings are aging structures over 20 years old, and local resident convenience facilities are also insufficient. Over the past 10 years, the number of businesses has decreased by more than 5.2%, raising concerns about decline.

Seoul City and Dongjak-gu sought ways for urban regeneration with local residents through the Hope Zone project in 2017. In October 2018, this area was selected as a 'Seoul-type Urban Regeneration Phase 3 Project Area' and a basic plan was prepared. In August last year, it was finally selected as a government urban regeneration New Deal project site.

With the approval of the Urban Regeneration Committee this time, the city announced that from June, a total of 20 pilot projects in 9 sectors will be actively promoted, including ▲Smart Village Transportation System Project ▲Safe Village Infrastructure ▲House Repair Living Lab Project ▲Urban Regeneration Anchor Space Creation Project within the Life SOC Complex Facility ▲Resident Community Space Creation Project ▲Walkable Village Main Street Project.

Dongjak-gu plans to proceed with the notification procedure for the activation plan. Afterwards, it will enter the urban regeneration project execution phase, and in 2023, a 'smart village with resident community spaces' will be created.

Kang Maeng-hoon, Director of Urban Regeneration at Seoul City, said, "The Sadang 4-dong urban regeneration project is expected to be a new type of neighborhood regeneration that improves the old and deteriorated living environment, revitalizes the declining local commercial district, and restores the area's unique cultural identity as a general neighborhood type." He added, "We will do our best to make it a successful urban regeneration project with significant ripple effects on other areas."

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