New Apartment Sales Continue in Social Spaces

[Asia Economy Reporter Donghyun Choi] The importance of spaces for realizing social value is increasing even in urban planning. There is a growing awareness that, to create healthy communities, it is not only necessary to expand infrastructure such as roads and rivers but also cultural and social infrastructure. Against this backdrop, apartments newly offered for sale that pursue coexistence and cooperation with local residents and the revitalization of communities through social spaces are attracting attention.

According to the real estate sales industry on the 15th, Korea Land and Housing Corporation (LH) recently decided to expand the social value evaluation item to 30% in the design competition for multi-family housing sites in Hwaseong Dongtan 2 and Paju Unjeong 3. The aim is to evaluate the creation of social spaces that can realize social value along with creative architecture and urban landscapes as key criteria.

The creation of social spaces is being actively promoted in the ‘Wanju Sambong District’ in Jeonbuk. LH and Wanju County have agreed to make three buildings (1,182㎡) in the Sambong District spaces for realizing social value. Through these open social spaces, residents and the local community will breathe together, organically unite, and pursue regional win-win development. These spaces will include ▲national and public daycare centers ▲shared childcare centers ▲social welfare centers ▲social enterprises ▲resident convenience facilities.

Social spaces are also being actively created in urban regeneration projects for declining cities. In Bupyeong-gu, Incheon, where many old buildings exist, a ‘2020 Urban Regeneration Recognition Project’ is planned to renovate deteriorated buildings and create public complex shared-use facilities. By creating public complex shared-use facilities, the project aims to establish a self-sustaining community foundation and maximize the ripple effect of the improved residential environment project by creating public spaces for care and education functions and customized resident living SOC.

An urban development expert said, "As discussions on quality of life become more active in the post-COVID-19 era, spaces for realizing social value will become an important factor in determining real estate value."

Apartment complexes with social spaces for realizing such social value are scheduled to be offered for sale one after another in the second half of the year.

Woomi Construction will offer ‘Wanju Sambong District Woomirin Ecoforet’ for sale this month in the ‘Wanju Sambong District,’ located between Jeonju Eco City and the Wanju industrial complex. It consists of a total of 818 households, with the highly preferred 84㎡ (exclusive area) housing type accounting for more than 70% of all households. It features wide distances between buildings, south-facing layouts for all households, and a slab-type and 4-bay design that provides excellent lighting and ventilation. Two plazas equipped with water features and lawns will be arranged.

Daewoo Construction will also offer ‘Gamil Prugio’ in the Gamil District of Hanam, Gyeonggi Province, this month. It consists of five buildings ranging from three basement floors to 29 floors above ground, with a total of 496 households composed of medium to large-sized units ranging from 84 to 114㎡. In the public land of Hanam Gamil District, a ‘public complex community center’ equipped with a community center, library, health center, sports facilities, and senior welfare center will be established on a 8,270㎡ public facility site.

Kumho Industrial is currently selling ‘Gyeongsan Hayang Kumho Eoullim’ in the Hayang District of Gyeongsan. It consists of five buildings ranging from two basement floors to a maximum of 29 floors above ground, with a total of 626 households composed of a single small size of 59㎡. The public land in the Hayang District of Gyeongnam is well equipped with healing spaces such as neighborhood parks and sports parks, as well as various social space facilities such as the Gyeongnam Municipal Library and Gyeongnam Municipal Cultural Center that residents can conveniently enjoy.

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