Ureuk 7 Complex Remodeling Safety Inspection Passed... First Case in Sanbon

500m from Sanbon Station on Subway Line 4 'Station Area' Complex
1 Year 4 Months Since First Union Establishment in the Area
Sanbon Remodeling Complexes Unite with 18 Sites Forming an Association

Apartment complex in Seoul area (Photo by Yonhap News)

[Asia Economy Reporter Ryu Tae-min] The Ureuk Jugong 7 Complex in Sanbon New Town, a first-generation new town, has passed the remodeling safety inspection. As the first case to clear the safety inspection hurdle has emerged, expectations for project promotion in the area are growing.

According to the maintenance industry on the 10th, the Ureuk Jugong 7 Complex apartment in Sanbon-dong, Gunpo-si, Gyeonggi Province, received a grade C in the first remodeling safety inspection on the 7th. Unlike reconstruction, remodeling projects require a high safety inspection grade to proceed. If a grade of C or higher is obtained, horizontal and annex building remodeling is possible, while vertical extension requires a grade of B or higher.

Constructed in 1994, this apartment complex consists of 15 buildings with up to 25 floors above ground and 1,312 households, composed of mid-rise buildings with small to medium-sized units of 58 and 84㎡ (exclusive area). It is a station-area complex located within 500 meters of Sanbon Station on Subway Line 4. The estimated construction cost is 322.5 billion KRW, and DL E&C has been selected as the contractor. Through horizontal and annex building remodeling, it is expected to be reborn as the ‘e-Pyeonhansesang Sanbon Centermark’ complex with 1,508 households.

Ureuk Jugong 7 Complex, the first apartment in Sanbon to pass the remodeling safety inspection, has been accelerating remodeling project promotion in the area. Previously, this complex was the first in Sanbon New Town to receive approval for the establishment of a remodeling association in November 2020. The association plans to complete preparations for the next stage of architectural review and submit the application.

Other complexes in the area are also speeding up remodeling. Following Yulgok Jugong 3 Complex and Gaenari Jugong 13 Complex in Geumjeong-dong, Mugunghwa Jugong 1 Complex completed the establishment of its association at the end of last year, increasing the number of complexes pursuing safety inspections to three.

In January, 18 remodeling project complexes in Sanbon formed a remodeling alliance. This alliance includes four complexes with established associations and 14 complexes in the preparatory stage, such as organizing promotion committees. The Dongsung Baekdu and Geukdong Baekdu apartments, which are pursuing integrated remodeling, have achieved a preliminary consent rate of 60% and are preparing to establish an association.

As remodeling projects progress smoothly, apartment prices in the area are also rising. The 58㎡ unit in Ureuk Jugong 7 Complex changed hands for 600 million KRW in October last year. The reported price for the same unit in June last year was 505 million KRW, meaning it increased by about 100 million KRW in four months. Currently, the asking price for this unit has risen to as much as 650 million KRW.

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