Jeonnong 12 District Launches Transformation into a Pleasant Residential Area

Dongdaemun-gu, Jeonnong-dong 643 Area Jeonnong 12 Redevelopment Promotion Zone Housing Redevelopment Project Association Establishment Approval... 78% High Association Establishment Consent Rate Recorded... 297 Apartment Units Occupancy and Park, Auxiliary Welfare Facilities Creation

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[Asia Economy Reporter Jongil Park] With the approval of the establishment of the association (Chairman Choi Jang-rae) for Jeonnong 12 District in Dongdaemun-gu (Mayor Yoo Deok-yeol), expectations for the revitalization of the Dongdaemun-gu area are growing even more, along with Jeonnong 8 District, which recently received association establishment approval.

On a site of 16,237㎡ at 643 Jeonnong-dong, the project area, four apartment buildings with 30 floors above ground and 2 floors underground will be constructed, comprising 297 households (51 rental units and 246 general units), along with a park and auxiliary welfare facilities.

Jeonnong 12 District is included in the Cheongnyangni Redevelopment Promotion Zone. Although the association establishment promotion committee was approved in 2007, the project was delayed and faced the risk of being deregulated as a redevelopment zone. However, with the extension of the sunset period in July 2020, the redevelopment association was established on the 14th, gaining momentum for the full-scale redevelopment project.

Jeonnong 12 District completed preparations for association establishment approval by electing the chairman, executives, and delegates and finalizing the articles of association at the inaugural general meeting for association establishment on December 4 last year. It recorded a high consent rate of 78% for association establishment and received final approval. The association plans to proceed with procedures to obtain architectural review and project implementation approval as soon as possible.

Yoo Deok-yeol, Mayor of Dongdaemun-gu, stated, “We will support the overall situation related to the redevelopment project so that the area around 643 Jeonnong-dong, where residents have a strong will for redevelopment due to aging, can be reborn as a safe and pleasant residential complex. We will focus on transparent and trustworthy project management to ensure smooth progress.”

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