Gaepo 'Hyundai 4th', Woseong 7th Changed from 'Joint Development' to 'Sole Development'

Hyundai 4th Complex in Irwon-dong, Gangnam-gu, Seoul, will change from joint development with Woosung 7th Complex to independent development.

Location map of Hyundai 4th Apartment, Irwon-dong, Gangnam-gu, Seoul. [Image provided by Seoul City]

On the 14th, Seoul City held the 19th Urban and Architectural Joint Committee and conditionally approved the 'Gaepo Residential Development District Unit Plan Amendment,' the city announced on the 15th.

This amendment includes changes to the planning guidelines and urban planning facilities for Special Planning Zone 13 (Hyundai 4th Complex) at 614 Irwon-dong, Gangnam-gu (site area 6,734㎡).

Hyundai 4th Complex, located at 614 Irwon-dong, Gangnam-gu, was originally designated for joint development (recommended) with Woosung 7th Complex under the Gaepo Residential Development District Unit Plan. However, as Woosung 7th Complex was officially changed to independent development, Hyundai 4th Complex is also modifying its planning guidelines, including the area and ratio of public facilities and building height plans, to proceed with independent development.

During the process of Woosung 7th Complex changing to independent development, a portion of Neulpureun Park (299㎡) was reduced to secure space for the expansion of Gaewon-gil Road (from 15m to 24m). Consequently, as a follow-up measure, the road alignment of Gaewon-gil and part of Neulpureun Park's area, both urban planning facilities, are being modified.

A Seoul City official stated, "Through this amendment to the Gaepo Residential Development District Unit Plan, Hyundai 4th Complex is expected to be reconstructed after integrated review under the Small-scale Housing Maintenance Act," adding, "Together with the adjacent Woosung 7th Complex and Gaepo Hanshin, it is anticipated that residential environment improvements and the supply of quality housing will be achieved."

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