Supply of Rental Housing and Parking Lots in Myeonmok-dong, Jungnang-gu... Selected as an Urban Regeneration Recognition Project

[Asia Economy Reporter Kim Hyemin] Rental housing and village parking lots will be established through an urban regeneration project in the Myeonmok-dong area of Jungnang-gu, Seoul.

On the 25th, Seoul City held the 8th Urban Regeneration Committee meeting and conditionally approved the urban regeneration recognition project plan for 297-28 Myeonmok-dong, Jungnang-gu, the city announced on the 26th. The urban regeneration recognition project is a 'point unit' project that can be quickly promoted through committee review without establishing an activation plan.

The area is a hilly region densely populated with row houses and multi-family houses over 30 years old, where roads are narrow compared to the residential density, making parking difficult. It was selected as an urban regeneration recognition project by the Ministry of Land, Infrastructure and Transport last year, and with the final confirmation of this project plan, a village parking lot can be supplied along with the autonomous housing maintenance project.

This is a pilot project combining a small-scale private maintenance project and an SOC supply project. Through the maintenance project, a total of 60 houses ranging from 2 to 7 floors above ground will be constructed and provided as public rental housing for newlyweds and young people, and a parking lot will be built on the 1st and 2nd basement floors to be supplied as a village parking lot. Jungnang-gu plans to invest a total of 5.9 billion KRW, including national funds, with city support, and purchase part of the parking lot of the building constructed by the private sector as a village parking lot.

The city plans to announce this project plan next month, and the village parking lot is expected to be completed early next year. A Seoul city official said, "By supplying the insufficient parking space in low-rise residential areas, it will contribute to creating a safe and pleasant residential environment," and added, "The parking environment will also improve, partially alleviating the inconvenience of local residents visiting nearby commercial areas."

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