Seongnam Sinheung 3 and Taepyeong 3 Districts Circular Maintenance Redevelopment 추진... Large Complex of 6,300 Households

Sinheung 3 District and Taepyeong 3 District, densely populated single-family housing areas in the original downtown of Seongnam, will be transformed into apartment complexes with a total of 6,300 households through redevelopment projects.

Korea Land and Housing Corporation (LH) announced on the 17th that it will actively promote the project in Sinheung 3 and Taepyeong 3 Districts, where the Seongnam original downtown circulation maintenance redevelopment project is underway.

Circulation maintenance redevelopment has the advantage of providing LH-owned rental housing as temporary relocation complexes, allowing original residents to stay close to their existing living areas.

[Photo by LH]

According to LH, circulation maintenance redevelopment has a very high original resident resettlement rate of about 50%, and it is also analyzed to have the effect of preventing nearby rental housing shortages and housing price surges.

Sinheung 3 and Taepyeong 3 Districts were designated as maintenance zones in February and planned as large-scale complexes accommodating a total of 6,300 households.

First, Sinheung 3 District will have 3,418 units built on a project area of 153,218㎡ (46,000 pyeong), and Taepyeong 3 District will have 2,847 units on 124,989㎡ (33,000 pyeong). Urban infrastructure such as roads and park facilities will also be expanded, improving the residential environment.

The project is being promoted with the goal of obtaining project implementation approval by the end of 2025 and completion and move-in by 2031.

Along with these two districts, LH is also pushing for the designation of Sanggwaewon 3 District as a maintenance zone. Sanggwaewon 3 District is planned as a large complex with about 9400 households on approximately 450,000㎡. Combining these three districts, about 726,000㎡ of densely populated single-family housing areas are expected to be reborn as large-scale apartment complexes with 15,700 households.

The Seongnam original downtown redevelopment project has been promoted in three phases since 2006. Phase 1 was a small-scale project building a total of 2,000 apartment units in two districts, completed with move-ins in 2013.

Phase 2 completed projects last year in two of the three districts (Geumgwang 1 and Jung 1), creating a total of 7,731 households with move-ins completed, and Sinheung 2 District’s 4,774 households are currently being occupied.

Phases 1 and 2 had fewer conflicts with residents and construction companies, and as joint projects with the private sector, they applied private brands and used high-quality materials, resulting in very high resident satisfaction.

Phase 3, Seongnam 2030-1 Phase, is a redevelopment project supplying a total of 10,000 households in Sujin 1 District and Sinheung 1 District. In October last year, Daewoo Construction and GS Construction were selected as contractors, and the project implementation approval application is being prepared. The redevelopment of Sinheung 3, Taepyeong 3, and Sanggwaewon 3 Districts is the 'Seongnam 2030-2 Phase.'

Oh Jooheon, head of LH’s Public Housing Business Headquarters, said, “There is a high preference among local governments and residents for the public sector’s participation in redevelopment projects through the use of high-quality materials and application of A-grade brands,” adding, “We will do our best to successfully promote the Seongnam 2030 Phase and provide convenient residential environments for local residents.”

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