SH Corporation X Dongjak-gu, Business Agreement for Complex Development of Living SOC and Happy Housing

[Asia Economy Reporter Lim Onyu] Seoul Housing and Communities Corporation (SH Corporation) and Dongjak-gu announced on the 11th that they have signed a business agreement for the Sangdo-dong Gogyung Senior Center area’s living social overhead capital (SOC) Happy Housing complex development project.

Through this MOU, the two organizations agreed to work together to ensure the smooth and successful establishment of the Dongjak-gu Sangdo-dong Living SOC and Happy Housing complex project.

The Dongjak-gu Sangdo-dong Living SOC and Happy Housing complex project is a public facility complex project promoted as part of Seoul’s policy to supply 80,000 public housing units. It will utilize the Gogyung Senior Center area site to construct and supply living SOC facilities and Happy Housing for 2,030 households on approximately 1,259㎡.

In particular, this is a region-customized urban regeneration project that uses district-owned land to build resident-tailored living SOC facilities (senior welfare facilities, swimming pool, public parking lot) needed by the community, along with Happy Housing to stabilize housing for the younger generation. Public facilities will be owned and managed by Dongjak-gu, while Happy Housing will be owned and managed by SH Corporation.

Kim Seyong, President of SH Corporation, stated, “Through this Sangdo-dong Living SOC and Happy Housing complex project, we will expand ‘spatial welfare facilities’ in the Dongjak-gu area and strive to help stabilize housing for nearby university students and young professionals.” He added, “We plan to further expand complex projects in the future and do our best to supply Happy Housing for the younger generation within the city.”

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