Seoul City Adds 4 More Areas to Station District Revitalization Project... Total of 618 Households Supplied

Around Hapjeong Station in Mapo-gu, Dangsan Station in Yeongdeungpo-gu, Isu Station in Dongjak-gu, and Nonhyeon Station in Gangnam-gu
Target to complete permits for 100 locations by 2027... "20,000 units to be supplied by 2027"

[Asia Economy Reporter Kim Hyemin] The Seoul Metropolitan Government has newly selected four additional sites for the 'Transit Station Area Revitalization Project,' which involves high-density and mixed-use development around transit stations to increase housing supply. Through this, a total of 618 housing units will be supplied. The goal is to complete permits for 100 sites by 2027, supplying a total of 20,000 housing units.

On the 14th, Seoul announced that after holding a selection committee for sites continuously submitted through 25 autonomous districts, the areas around Hapjeong Station in Mapo-gu, Dangsan Station in Yeongdeungpo-gu, Isu Station in Dongjak-gu, and Nonhyeon Station in Gangnam-gu were selected as target sites for the Transit Station Area Revitalization Project.

This project involves upgrading the land use designation of transit station area land that meets location requirements from residential zones to commercial zones, etc., to increase the floor area ratio, and expanding 50% of the increased floor area ratio into necessary local living service facilities and public rental facilities. Private developers can enhance project profitability, while the public sector can expand facilities needed in the area.

The four newly selected project sites are the second batch chosen since Seoul changed the application method to continuous submission. In September, three sites were selected in the first round. Thus, since the project was introduced in 2019, Seoul has been actively promoting transit station area projects in 20 locations.

The city aims to select more than 20 new sites annually and complete project permits for about 100 sites by 2027. It is expected that each site will supply 2,000㎡ of public facilities and 200 housing units. Through this, it is anticipated that 20,000 urban-type housing units and 200,000㎡ of public facilities can be supplied.

The newly selected areas all require responses due to new station openings or need strengthening of commercial and business functions and street revitalization.

Around Hapjeong Station in Mapo-gu, office facilities for private companies will be expanded. As a public contribution facility, a youth startup support center will be established to provide mentoring classes linked to resident companies, and public sports facilities needed in the area will be created. Around Dangsan Station in Yeongdeungpo-gu, old and underutilized sites will be developed to provide urban residential spaces and expand local necessary facilities such as shared offices and libraries.

Additionally, around Isu Station in Dongjak-gu, small housing units will be supplied for actual demand groups such as youth and newlyweds, and startup support facilities will be operated in connection with nearby universities, along with the creation of a public parking lot. Around Nonhyeon Station in Gangnam-gu, public support facilities to strengthen the furniture and interior specialized industry capabilities will be established, along with libraries and community rest areas needed in the area.

According to the plans proposed by the private project entities of the four sites, a total of 618 new housing units will be supplied across the four transit station areas. Furthermore, 100 long-term lease housing units suitable for 3-4 person households will be supplied as public contributions through the increased floor area ratio.

Choi Jin-seok, Director of the Seoul City Urban Planning Bureau, said, "As various living infrastructures are expanded in transit station areas, citizens will be able to feel tangible changes," adding, "While maximizing the housing supply effect, designating relatively underdeveloped areas as commercial zones is expected to also achieve balanced regional development effects."

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