LH Holds Online Resident Briefings for Three Urban Complex Projects Including Singil 2

Live Broadcast of Resident Briefings for Ssangmun Station (West Side), Singil 2, and Bucheon Wonmi via YouTube on the 10th
Expanding Resident Participation through Q&A on Resident Concerns such as Contribution Fees and Sale Prices
Accelerating Urban Complex Projects with Plans to Designate a Total of 8 Districts within the Year

Urban Public Housing Complex Project Procedure / Provided by LH

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced that following the designation of a total of four sites, including Jeungsan 4 District, as planned districts for the Urban Public Housing Complex Project (Urban Complex Project) last month, it will hold resident briefings on the 10th for three additional sites?Ssangmun Station (West Side), Singil 2, and Bucheon Wonmi?to secure more project sites.

The resident briefings will be broadcast live on YouTube, where LH will explain the progress of the Urban Complex Project and address residents' concerns such as contribution fees and sale prices, followed by a Q&A session responding to residents' questions.

Singil 2 (low-rise) and Ssangmun Station (West Side) (station area) were selected as Urban Complex Project candidate sites on March 31 (1st round), and Bucheon Wonmi (low-rise) on June 23 (5th round). Ssangmun Station (West Side) and Singil 2 secured more than two-thirds of preliminary resident consent amid high resident support.

These three sites will be reborn as large complexes with approximately 1,300 households in Singil 2, 1,700 households in Bucheon Wonmi, and 1,100 households in Ssangmun Station (West Side) through high-density mixed-use development enabled by zoning upgrades and urban regulation relaxations.

LH plans to use these resident briefings as an opportunity to encourage active resident participation, thereby securing project momentum and accelerating future project schedules such as planned district designation. In particular, Bucheon Wonmi is the first project outside Seoul to be promoted under the Urban Complex Project, and LH expects this to have a positive impact on discovering additional candidate sites in the five major metropolitan areas nationwide.

Including the ‘Duksung Women’s University’ district currently preparing for resident briefings, LH plans to swiftly proceed with the planned district designation process for four districts, aiming to designate eight main districts within the year?Jeungsan 4, Yeonsinnae Station, Ssangmun Station (East Side), Banghak Station, Ssangmun Station (West Side), Singil 2, Bucheon Wonmi, and Duksung Women’s University?comprising approximately 10,000 households. After the main district designation, the plan is to proceed with relocation and compensation negotiations and construction (post-2023), targeting resident move-in as early as 2026.

Kim Baek-yong, Head of LH Urban Regeneration Headquarters, said, "As a leading institution driving the public-led 3080+ project, LH will do its utmost to achieve visible results such as district designation within this year to successfully accomplish policy goals."

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