Full-Scale Promotion of 'Eomji Village' Redevelopment Project in Mok 2-dong, Yangcheon-gu, Seoul

[Asia Economy Reporter Onyu Lim] Seoul City announced on the 8th that it has designated and officially notified Eomji Village in Mok 2-dong, Yangcheon-gu as a 'Managed Residential Environment Improvement Project Zone' and will begin full-scale redevelopment projects.

Currently consisting of 543 households, this area is a low-rise residential district densely populated with single-family, multi-family, and multiplex houses, with over 70% of the buildings in the zone being aging houses over 20 years old.

On 16,625㎡, which is 24.3% of the total 68,317㎡ site, a 'Street Housing Redevelopment Project' will be promoted to demolish old houses and construct new apartments with approximately 300 households. The remaining old houses in the area will be renovated through the 'Gakkum Housing Project,' which provides subsidies or loans for home repairs.

Construction of shared facilities will begin in 2023, and the street housing redevelopment project aims to be completed within five years. The city has newly designated roads in urban planning to ensure that Eomji Village meets the requirements for promoting the street housing redevelopment project.

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