Seoul City Adds Dapsimni and Hongjedong as Additional Moa Town Target Areas

Two additional locations, Dapsimni-dong in Dongdaemun-gu and Hongje-dong in Seodaemun-gu, Seoul, have been selected as Moa Town target sites.

Moa Town target area in Dapsimni-dong, Dongdaemun-gu, Seoul

On the 4th, Seoul City held a Moa Town target site selection committee and announced this decision on the 5th.

The city had previously recruited target sites for the small-scale housing maintenance project called Moa Town only during specific periods, but switched to a rolling application system from February this year. Since then, a total of 25 sites have applied through five rounds of rolling recruitment, with 15 sites selected, bringing the total number of Moa Town target sites to 81 so far.

The two newly selected Moa Town target sites are densely populated with aging multi-family and multi-household residences, causing chronic parking shortages and poor infrastructure, which have long caused inconvenience to local residents. Additionally, many semi-basement houses are distributed, making residential environment improvement necessary.

The area around 489 Dapsimni-dong (area 55,045㎡) has a very high building aging rate of about 93%, and a high semi-basement ratio of 77%, making it a very poor residential area compared to nearby station areas and urgently in need of redevelopment.

Moa Town Target Area in Hongje-dong, Seodaemun-gu, Seoul

The area around 322 Hongje-dong, Seodaemun-gu (area 34,343㎡) is an aging low-rise residential area. In particular, the infrastructure such as roads is very poor, requiring redevelopment. However, due to the previous government's redevelopment suppression policy, many multi-family houses were built, making it ineligible for redevelopment and thus not maintained.

A Seoul city official stated, "For the two selected sites, 70% of the total service cost for establishing the Moa Town management plan will be granted to the autonomous districts. Once the management plan is completed, the sites will be designated as Moa Towns, and individual Moa Housing projects (small-scale housing maintenance projects) will be implemented."

To fundamentally block speculative demand such as share splitting, the city plans to designate and announce April 7 as the rights assessment reference date for the four sites that applied in the 5th target site selection committee.

So far, a total of 81 sites across 25 autonomous districts have been selected as Moa Town target sites. Among the 81 sites, the number of areas with completed and announced management plans is expected to increase from 4 in 2022 to 34 in 2023.

Once the management plan is approved and announced, it will have the legal effect of a ‘small-scale housing maintenance management area,’ allowing the establishment of Moa Housing (small-scale housing maintenance) project associations by applying relaxed criteria such as aging rate and expanded project area, thereby accelerating project progress.

A Seoul city official said, "It is expected that about 150 sites, including 34 Moa Towns where Moa Housing projects are underway or planned, will supply approximately 49,900 households (estimated supply), which is expected to invigorate housing supply in the future."

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