GH Holds 3rd Resident Briefing on 'Public Housing Complex Project' at Gwangmyeong Sageori Station on the 7th

Status Map of Gwangmyeong Sageori Station

Gyeonggi Housing and Urban Corporation (GH) will hold the 3rd residents' briefing session for the 'Gwangmyeong Sageori Station South Side Urban Public Housing Complex Project.'

The Urban Public Housing Complex Project is part of the 'Public-led 3080+, Drastic Expansion Plan for Housing Supply in Metropolitan Areas' announced in February 2021. It involves the public sector advancing projects through in-kind prepayment and compensation when residents in aging areas agree.

This project offers incentives such as increased floor area ratio and zoning upgrades compared to general redevelopment and reconstruction projects, enabling improved profitability. It also shortens the project duration by eliminating the need for organizing promotion committees, associations, and management disposition procedures.

Additionally, it has emerged as an alternative to revitalize aging original urban areas by preventing private construction companies from withdrawing from housing projects in regions with poor real estate market conditions.

The Gwangmyeong Sageori Station project was selected as a candidate site for the Urban Public Housing Complex Project in October 2021. After the 1st policy briefing session (explaining the project policy) and the 2nd residents' briefing session (introducing the project plan draft and residents' contribution fees), it was designated as a planned district in September 2022.

GH is currently collecting residents' consent forms for the official designation of the Urban Public Housing Complex Project district. Once consent from more than two-thirds of landowners and other owners is secured, the project will proceed in earnest through the official announcement of the district designation.

Meanwhile, this residents' briefing session will be held on the 7th at 2 p.m. in the performance hall on the 1st floor of the Gwangmyeong City Comprehensive Social Welfare Center.

Kim Seyong, President of GH, stated, "We expect this residents' briefing session to resolve residents' questions about the project," adding, "Furthermore, through the smooth promotion of the Urban Public Housing Complex Project, we will establish a cooperative system between local residents and the public sector, leaving a good precedent for development."

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