LH-Seongnam City to Build 440 Happy Housing Units on Jungwon Public Parking Lot Site

Perspective view of Seongnam Jungwon Happy Housing and Public Parking Lot Complex Development Project (Photo by LH)

[Asia Economy Reporter Moon Jiwon] A 440-unit scale Happy Housing complex will be built on the site of a public parking lot in Jungwon-gu, Seongnam-si, Gyeonggi-do.

Korea Land and Housing Corporation (LH) announced on the 16th that it signed a basic business agreement with Seongnam City on the 13th for the 'Seongnam Jungwon Happy Housing and Public Parking Lot Complex Development Project.'

The project site is approximately 20,000㎡ of public parking lot land in Seongnam-dong 2811, Jungwon-gu, Seongnam, which was selected as a site for public housing construction utilizing urban public land in May last year, in line with the government's policy to supply 300,000 housing units in the metropolitan area.

The site is located between Sujin Station and Sinheung Station on Seoul Subway Line 8. To the west, there are nine schools concentrated, including Seongnam Jungang Elementary, Seongil Middle, and Seongnam Girls' High School, and to the east, large-scale redevelopment apartments have been occupied or are under construction.

This agreement was signed by LH and Seongnam City, the joint project implementers, to successfully promote the complex development of the Jungwon public parking lot site.

The two organizations will build a public parking lot from basement level 1 to ground level 2 that can accommodate about 300 vehicles on part of the site, and construct 440 units of Happy Housing on the remaining land. They agreed to cooperate in project approval, permits, and other procedures aiming for completion in the first half of 2024.

Byun Changhoom, President of LH, said, "Supplying Happy Housing on public land with excellent location conditions is expected to revitalize the original downtown of Seongnam as the young population moves in," adding, "We will closely cooperate with residents and local governments to create a successful complex development model."

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