Gaepo Useong 4th Phase Reconstruction in Full Swing... Transforming from 459 to 1080 Households
[Asia Economy Reporter Kim Hyemin] The Gaepo Woosung 4th Apartment Complex in Gangnam-gu, Seoul, will be redeveloped into a large complex with 1,080 households.
On the 22nd, the Seoul Metropolitan Government held the 18th Urban Planning Committee meeting and announced on the 23rd that it had approved with modifications the designation of the Gaepo Woosung 4th Apartment Redevelopment Maintenance Zone and the establishment of the maintenance plan, as well as the landscape review within the Gaepo Housing Development District.
This is the first time in four years since the Urban Planning Committee deferred the review in 2017 that the maintenance plan has been approved.
Constructed in 1985, this apartment complex consists of eight residential buildings and one non-residential building, totaling 459 households, located between Maebong Station on Subway Line 3 and Yangjaecheon Stream. With this decision, a total of 1,080 households will be newly built, including 128 public rental housing units. The public rental housing will be constructed with the same quality as the sale housing and will be supplied as long-term lease housing and other types. The building coverage ratio will be limited to 50% or less, the floor area ratio to 299.99% or less, and the maximum height to 110 meters or less (up to 35 floors). The final architectural plan will be confirmed through the Architectural Committee review.
The maintenance plan also includes measures to diversify the number of floors to protect the educational environment of the nearby Daechi Middle School and harmonize with the surrounding landscape, as well as a plan to create a street park connecting Yangjaecheon Stream and Dokgol Park.
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Kim Seongbo, Director of the Housing Policy Office, stated, "The number of households will increase significantly to 2.35 times the existing 459 households, contributing to the expansion of housing supply," and added, "We will continue to provide quality public housing such as long-term lease housing to ensure residential stability for low-income citizens."
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