Will Gwangmyeong 7 District Public Redevelopment Gain Momentum?… GH Signs Support Agreement

Gyeonggi Housing and Urban Corporation (GH) signed a support agreement for the public redevelopment of Gwangmyeong District 7 on the 15th.

The Gyeonggi Housing and Urban Corporation (GH) signed a support agreement with the Gwangmyeong 7 District Public Redevelopment Residents' Preparation Committee on the 15th. Gwangmyeong 7 District was designated as a redevelopment promotion zone in July 2007 due to deteriorating residential conditions and aging infrastructure, but the project had not progressed, causing significant inconvenience to residents.

In response, residents applied for the public redevelopment project candidate site private proposal contest in December 2020, and GH selected Gwangmyeong 7 District as a candidate site in July 2021 after comprehensively considering designation conditions and project feasibility.

Subsequently, with consent from more than 50% of landowners, a temporary residents' representative organization was formed in June this year.

This agreement signifies mutual cooperation between GH and the preparation committee to expedite the public redevelopment project in Gwangmyeong 7 District.

Specifically, they agreed to cooperate on supporting the preparation committee's operating expenses, collecting residents' opinions and consent forms, and project promotion.

Kim Seyong, President of GH, stated, "We will provide high-quality residential spaces by expanding infrastructure and improving residential environments in underdeveloped areas with professional knowledge and technology," adding, "We will also strive to realize spatial welfare along with housing stability for Gyeonggi residents."

GH has been actively communicating with residents from the preparation stage, holding residents' briefings twice in December 2021 and August 2022.

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