LH Signs 'Joint Project Implementation Agreement' for Public Reconstruction No.1 Project Mangwoo 1 District

Designated LH as a Joint Project Implementer on the 2nd, Formalizing Details Such as Task Sharing
Ongoing Recruitment of Public Reconstruction Consulting Complexes Reflecting Urban Regulation Relaxations

Perspective view of Mangwoo District 1 / Provided by LH.

Korea Land and Housing Corporation (LH) announced on the 22nd that it signed a ‘Joint Project Implementation Agreement’ with the Mangwoo 1 District Association, a leading public reconstruction zone, at the LH Metropolitan Area Housing Supply Special Headquarters.

‘Mangwoo 1 District’ secured a 74% resident consent rate in July this year, just one month after the residents’ briefing session, and signed a ‘Basic Joint Project Implementation Agreement’ with LH. Following this, on the 2nd of this month, the association held an extraordinary general meeting and designated LH as a joint project implementer.

Through this agreement, LH and the association formalized detailed matters such as △each party’s responsibilities and roles △division of tasks by project phase △procurement and management of project funds △management disposition plans △and compensation for project consignment, thereby laying the foundation for promoting the ‘Public Reconstruction No. 1 Project.’

‘Mangwoo 1 District’ is a project site where Mangwoo Yeomgwang Apartments, completed in 1983, and aging detached houses coexist. Although residents had strong desires for reconstruction, the project had been delayed for a long time since the establishment of the association in 2012 due to low project feasibility.

LH significantly reduced residents’ burdens by improving project feasibility through in-depth consulting and established a project plan reflecting residents’ demands, gaining their support. LH plans to promptly initiate the revision of the maintenance plan reflecting public reconstruction incentives and the selection of a construction company for Mangwoo 1 District.

Through public reconstruction incentives, Mangwoo 1 District’s zoning was upgraded from Type 2 (up to 7 floors) general residential area to Type 3 general residential area. As a solution to the sunlight restriction issue on the northern side of the complex, which was a major obstacle to project promotion, a 3D design technique using AI was introduced to secure additional floor area ratio. Accordingly, the floor area ratio increased by 66 percentage points compared to private reconstruction, reaching 271%, and the number of households to be constructed increased by 1.8 times to 481 units.

Public reconstruction, promoted as part of the government’s housing supply expansion plan, is a project where the public sector participates in reconstruction, providing public support such as zoning upgrades and permitting procedure assistance. LH is conducting projects in two locations: Mangwoo 1 District and Junggok Apartments. In the case of Junggok Apartments, after the association establishment approval on the 19th, the project is being promoted with the goal of designating a joint project implementer early next year, and all 209 households that responded to the resident survey agreed to proceed with the project.

LH is conducting ongoing public reconstruction consulting competitions to allow more complexes to participate. Currently, three complexes in Seoul have applied for consulting, and their project plans are under review. Associations and promotion committees that have passed safety inspections receive results through consulting reflecting urban regulation relaxations such as zoning upgrades and floor height easing, allowing them to compare public reconstruction project plans and feasibility with private reconstruction.

Oh Joo-heon, Head of LH Metropolitan Area Housing Supply Special Headquarters, said, "This agreement is very meaningful as the first achievement in the public reconstruction project," and added, "We will continue to closely consult with residents for swift project promotion such as maintenance plan revisions and construction company selection, and we will do our best to secure additional candidate sites."

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