iH, Completion Approval for Comprehensive Residential Environment Improvement Project around Songnim Elementary School, Incheon

Incheon Urban Corporation (iH) announced on the 23rd that it has received the final completion approval for the entire project of the residential environment improvement project around Songnim Elementary School area, promoted as a public-supported private rental linked maintenance project within the metropolitan area (Dongincheon Station Park Prugio).

The residential environment improvement project around Songnim Elementary School is a project that constructed urban infrastructure such as sale housing, public rental housing, parks, and parking lots on a 72,616m² site at 185 Songnim-dong, Dong-gu, Incheon.

The core of the residential environment improvement project, Dongincheon Station Park Prugio Apartments, was built as a large-scale apartment complex consisting of 12 buildings, from 4 basement floors to 48 above-ground floors, with a total of 2,562 households (390 units for landowners, 167 public rental units, and 2,005 private rental units).

Incheon Songnim Elementary School Surrounding Residential Environment Improvement Project (Dongincheon Station Park Prugio) Area View
[Photo by Incheon Urban Corporation]

The apartment received its completion approval last August and move-in began, and this month, all surrounding ancillary facilities of the apartment, including road expansion, scenic green spaces, children's parks, a public parking lot (with 67 spaces), and a public office building (Songhyeon Office), were completed, receiving the final completion approval for the entire project.

iH plans to complete administrative procedures such as handing over maintenance infrastructure to the authorities, approval of management disposition plan (changes), prior notice, and registration completion.

Originally, this project received implementation approval in 2009 but was halted due to the real estate market downturn and financial burdens on Incheon Urban Corporation.

Later, in 2016, it was converted into a public-supported private rental housing (formerly New Stay) linked maintenance project to improve feasibility, and Incheon City introduced the 'Maintenance Project Non-Stop Service System,' concentrating administrative efforts to start demolition work in 2019.

Jo Dong-am, president of iH, stated, "Although the project area had long been halted despite its declining and poor residential environment, iH has expanded multi-family housing supply and urban infrastructure amid many difficulties," and added, "We hope Dongincheon Station Park Prugio Apartments will establish itself as a new landmark in the region."

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