Gyeonggi-do to Support Apartment Residential Environment Improvement with 9.85 Billion Won This Year

Current Status of Apartment Housing Environment Improvement Projects in Gyeonggi-do This Year Graphic provided by Gyeonggi Provincial Government

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide 9.85 billion KRW in maintenance costs for common facilities to 219 aging apartment complexes this year.

Since 2019, the province has been supporting maintenance costs for common facilities in small-scale apartment complexes with fewer than 300 households (non-mandatory management targets) that face difficulties in facility maintenance due to the absence of management entities and long-term repair reserve fund obligations. This year, the province expanded the support target to include mandatory management apartment complexes, including those over 15 years since completion.

However, support for mandatory management apartment complexes is limited to full replacement of elevators or replacement of safety parts. This measure considers that elevators are closely related to residents' safety and that the long-term repair reserve fund alone is insufficient to cover the full replacement cost of elevators. For non-mandatory management apartment complexes, the support remains the same as previous projects, covering maintenance costs for all common facilities except exclusive-use areas such as interior walls of households.

Until last year, the province supported a total of 1,082 complexes with 18 billion KRW over four years, which is 1.7 times more than the initially planned target of 622 complexes. In particular, last year, 5.6 billion KRW was provided to 276 complexes for costs related to rooftop waterproofing, exterior wall crack repairs, and repainting. In a satisfaction survey conducted among residents of beneficiary complexes, 86% responded that they were 'satisfied' with the project.

Lee Gye-sam, Director of the Urban Housing Office of the province, emphasized, "This year, we expanded the support target not only to non-mandatory management apartment complexes with weak management but also to mandatory management apartment complexes for residents' safety. We will continue to strive to improve poor residential environments and ensure housing stability for residents."

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