Designation of Incheon Guwol 2 Public Housing District Approved by Ministry of Land Central Urban Planning Committee

Incheon Urban Corporation (iH) announced on the 22nd that the "Designation of Guwol 2 Public Housing District and Restoration Plan for Damaged Development-Restricted Area" has passed the review of the Central Urban Planning Committee of the Ministry of Land, Infrastructure and Transport.

Accordingly, iH plans to proceed with district plan approval and compensation by 2025, aiming to start construction in 2026.

Guwol 2 District is a project promoted by the government in April 2021 under the "Public-led 3080+, Metropolitan Area Housing Supply Expansion Plan," with iH as the project implementer. It plans to supply 16,000 housing units across Namdong-gu, Yeonsu-gu, and Michuhol-gu areas (total area of 2.2 million square meters).

Approximately 93.5%, or about 2.05 million square meters, of Guwol 2 District is a development-restricted area. iH decided to convert 317,900 square meters, which is 15.6% of the released area, of the greenbelt damaged land in Nonhyeon-dong, Namdong-gu into a park. This area is part of the Sorae Wetlands National Urban Park project promoted by Incheon City, and iH explained that the restoration project will contribute to Incheon City's policy initiatives.

Jo Dong-am, President of iH, stated, "Through the development of Guwol 2 District, we will supply customized public housing for homeless low-income residents, youth, and newlyweds to improve citizens' residential welfare. We will also improve surrounding road infrastructure such as Namdong IC to contribute to balanced development between the old and new downtown areas."

Location map of Guwol 2 District [Provided by Incheon Urban Corporation]

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