Bongcheon 13 District, Redevelopment Project Promoted as Public Redevelopment After 13 Years

On the 28th of last month, LH was designated as the public redevelopment project implementer for Bongcheon 13 District
Application for revision of maintenance plan reflecting incentives within the year, project completion and move-in by 2026
Floor area ratio 500%, supply of about 460 units in up to 27-story buildings, with convenience facilities developed together

View of Bongcheon 13 District / Provided by LH.

The public redevelopment project in Bongcheon 13 District is set to be actively promoted for the first time in 13 years.

According to Korea Land and Housing Corporation (LH) and others on the 6th, Bongcheon 13 District was designated as the public redevelopment project implementer by LH on the 28th of last month. Since being selected as a leading candidate site for the public redevelopment project in January last year, Bongcheon 13 District secured a 70% resident consent rate in December of the same year.

The public redevelopment project is a redevelopment initiative promoted by public implementers such as LH, applying various incentives when public interest requirements such as expanding rental housing supply are met.

Previously, Bongcheon 13 District had been stagnant for 13 years since its designation as a maintenance district in 2009 due to conflicts among residents, distrust of the promotion committee by residents, low project feasibility, and concerns about financial hardship caused by rental income suspension during construction. In particular, next month, it faced the risk of maintenance district cancellation due to the maintenance district sunset clause.

LH explained that over the past year, its staff have been stationed on-site conducting frequent consultations with residents, maintaining continuous communication with the promotion committee and emergency response committee, and closely coordinating with Seoul City and local governments to resolve the long-standing conflicts and issues accumulated over 13 years.

In fact, by securing additional floor area ratio, the project feasibility was greatly improved, and the issue of rental income suspension during construction, which was the biggest local concern, was resolved by agreeing to pay part of the total project revenue in advance if residents wished, thereby gaining the consent of residents in Bongcheon 13 District, where the proportion of commercial spaces is high.

Perspective view of Bongcheon 13 District Public Redevelopment / Provided by LH.

Bongcheon 13 District is planned to be reborn as a residential facility including commercial and living infrastructure facilities, with a floor area ratio of 500% and a maximum height of 27 floors on a project site of approximately 13,000㎡.

The housing supply will be about 460 units, 2.6 times more than before, and an additional 280 units will be supplied to the general public.

The housing sizes will be finalized based on a survey of resident preferences, and various convenience facilities will be installed after consultation with local governments to greatly enhance the convenience for local residents.

LH plans to apply for a change in the maintenance plan reflecting this year’s urban regulation relaxation and public redevelopment incentives, and aims to accelerate the project with a goal of completion and move-in by 2026.

Meanwhile, LH is promoting public redevelopment projects in a total of 12 sites including Sinseol 1 District and Bongcheon 13 District among the 24 public redevelopment leading districts announced by the government in the Seoul area.

Sinseol 1 District, designated as the project implementer by LH in July last year, plans to apply for a maintenance plan change in the second half of this year after preliminary planning, and for the remaining 10 districts, preliminary planning was conducted earlier this year with plans to draft maintenance plans and designate LH as the project implementer in the second half of the year.

An LH official said, “Following last year’s designation of Sinseol 1 District, the designation of Bongcheon 13 District as the project implementer has given momentum to the public redevelopment project,” adding, “We will strive to ensure that housing supply in urban areas through public redevelopment is promptly realized by resolving issues based on continuous communication with residents.”

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