Kim Hyun-jun, LH President, Inspects Candidate Sites for Jeungsan 4 District Low-Rise Residential Area Pilot Project

Visit to Jeungsan 4 District, the first to secure district designation requirements with 2/3 resident consent
Sequential resident briefings and consent acquisition progressing smoothly for pilot project candidate sites
Urging active efforts for swift and flawless implementation of 2.4 Housing Policy

Kim Hyun-jun, President of LH, is inspecting the Jeungsan 4 District site on the 20th.

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced that President Kim Hyun-joon visited Jeungsan 4 District, the first candidate site for the low-rise residential area pilot project to secure district designation requirements among the candidate sites on the 20th.

‘Jeungsan 4 District’ was designated as a redevelopment promotion district in 2012 but was deregulated in June 2019 due to the sunset clause. It was selected as a candidate site for the low-rise residential area pilot project, a new business model under the 2.4 Plan, at the end of March. Notably, it secured the district designation requirements the earliest by obtaining consent from more than two-thirds of landowners within about seven weeks from the selection date.

Jeungsan 4 District is a 166,000㎡ site located between Jeungsan Station and Banhongsan, where approximately 4,000 housing units are expected to be supplied through the low-rise residential area project.

On this day, President Kim expressed the government’s determination to swiftly advance the project during his visit to the residents of Jeungsan 4 District.

President Kim said, “We will promptly secure residents’ consent and proceed with the project for candidate sites like Jeungsan 4 District to realize government policies and restore LH’s credibility,” adding, “We will also do our best to ensure that various projects under the government’s 2.4 Plan are swiftly implemented.”

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