Changdong Reconstruction 'Smooth Sailing'... Jugong 17 Complex and Sang-A 1st Phase Pass Preliminary Safety Inspections One After Another

Northeast's Largest Reconstruction Project Jugong 17 Complex Passes Preliminary Safety Inspection on 8th
Changdong Sang-A 1st Complex Also Passes on Same Day
Apartment Prices in Area Rise Together Amid Reconstruction Hopes

[Asia Economy Reporter Ryu Tae-min] Reconstruction of apartments in the Dobong-gu area of Seoul is gaining momentum. Following Changdong Sang-A 1st Complex, several Jugong apartments in the Changdong area are also passing the preliminary safety inspections one after another.

According to the maintenance industry on the 10th, Changdong Jugong 17 Complex received a D grade on its preliminary safety inspection (on-site survey) from Dobong-gu Office on the 8th. Changdong Sang-A 1st Complex also passed the preliminary safety inspection on the same day.

Jugong 17 Complex is a large complex consisting of 11 buildings and 1,980 households, completed in 1989. Sang-A 1st Complex, completed in 1987, consists of 5 buildings and 694 households. In addition, the nearby Jugong 3 Complex, with nearly 3,000 households, is also moving forward with the preliminary safety inspection, raising expectations for reconstruction in the area.

The reconstruction safety inspection consists of three stages: preliminary safety inspection, detailed safety inspection, and adequacy review. According to Dobong-gu Office, among the seven Jugong complexes in Changdong (Complexes 1 to 4 and 17 to 19), three complexes?17, 18, and 19?have passed the preliminary safety inspection. Complexes 18 and 19, which passed the preliminary safety inspection before Complex 17, appear to be expediting the detailed safety inspection process. Complexes 1 and 4 have reportedly started gathering opinions to promote reconstruction.

With growing expectations for reconstruction, apartments in the area are consecutively recording new high prices. The 36㎡ unit in Jugong 17 Complex was sold for 500 million KRW on the 15th of last month, rising about 150 million KRW compared to the mid-300 million KRW range at the beginning of the year. During the same period, the 45㎡ unit in Sang-A 1st Complex increased from 500 million KRW to 600 million KRW, rising by 100 million KRW in just four months.

There are also expectations for further price increases due to several upcoming development benefits. In addition to the existing Changdong Station and Nowon Station, the GTX (Great Train Express) C Line station is scheduled to open in 2027. The Seoul Arena performance hall and eco-friendly waterfront park, centered around the Changdong Station complex transfer center, are scheduled for completion in 2025 and 2026, respectively. On the 18th of last month, construction of the Changdong private station, which had been halted for over 10 years, is expected to resume, increasing anticipation for development around Changdong Station.

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