400 Youth Housing Units to Be Built Near Seorim Station on Sillim Line

[Asia Economy Reporter Onyu Lim] A youth housing complex with around 400 households will be built near Seorim Station on the Sinlim Line of the Seoul subway, which opens in 2022.

The Seoul Metropolitan Government announced on the 17th that the youth housing complex near the station, to be constructed at 240-3 Sinlim-dong, Gwanak-gu, will begin construction in March next year and start occupancy in September 2023. The complex will consist of a total of 413 households: 89 public rental units, 14 units pre-purchased by Seoul Housing and Communities Corporation (SH), and 324 private rental units.

The site, previously used for commercial facilities, will be developed into a mixed-use residential building with four basement floors and 16 above-ground floors. Inside the housing units, various home appliances necessary for daily life will be provided free of charge to minimize the economic burden on resident youth and maximize storage space, incorporating excellent floor plans. Additionally, to enhance residential comfort, all units will feature extended balconies.

In particular, the first floor will include a public pedestrian passage to create a thoroughfare and resting area for local residents. Considering that the area around the site is known as Nokdu Street, a representative university district in Seoul, the first and second floors will house a youth vitality space serving as a living and cultural platform for young people.

A Seoul city official explained, "The arrangement of the building and the main block was planned considering the locational and scenic characteristics of the Sinlim-dong area. The building layout includes street-facing commercial facilities on the lower floors, and efforts were made to minimize the visual dominance of the upper floors."

Furthermore, the city expects active progress in the project as the private developer highly values the growth potential of the Sinlim-dong area, and Seoul City has actively cooperated during the approval process.

In this regard, the city designated the area at 240-3 Sinlim-dong as a youth housing supply promotion district near the station and approved the urban management plan, officially announcing the decision on the 17th.

Lee Jin-hyung, Director of Housing Planning at Seoul City, said, "As youth housing near stations expands throughout Seoul, we expect it to make a practical contribution to stabilizing youth housing. We will continue to do our best to actively supply high-quality, affordable, customized housing for university students, young workers, and newlyweds in areas with good transportation access."

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