Seoul Mayor Oh Se-hoon's First Moa Housing Project 'Hanyang Yeonrip' Groundbreaking... All Original Residents Settle In

Scheduled for completion in Aug 2026... Total 215 households
8 months from integrated review to construction start
Floor limit eased from 10 to 15 floors
85 Moa Town sites, 33 to start construction within the year

Seoul Gwangjin-gu's 'Hanyang Yeonrip Street Housing Redevelopment Project,' the first Moa Housing project under Mayor Oh Se-hoon's administration, will break ground on the 26th.

Perspective view of the first Moa Housing project, 'Hanyang Yeonrip Street Housing Maintenance Project' (Data provided by Seoul City)

On the 26th, Seoul City announced that the Hanyang Yeonrip Street Housing Redevelopment Project, which passed the integrated review for Moa Housing eight months ago, will begin construction on this day and is scheduled for completion in August 2026.

The project site, located at 592-39, Guui-dong, between Guui Station (7 minutes away) and Gangbyeon Station (5 minutes away), had steep slopes, narrow roads, and lacked parking and rest areas.

After redevelopment, Hanyang Yeonrip will be transformed into four buildings of 10 to 15 floors above ground and two basement levels, comprising 215 households with exclusive areas of 59, 84, and 130㎡ (including 39 rental housing units). The project is implemented by Korea Land Trust and constructed by HDC Hyundai Development Company. An underground parking lot accommodating 305 vehicles, a fitness center, communal laundry facilities, a residents' caf?, and rest areas will also be created for the residents.

Except for one landowner receiving a cash settlement, all original residents (101 people) will settle in the newly built apartments.

Location Map of Hanyang Yeonrip Street Housing Maintenance Project

The Hanyang Yeonrip Street Housing Redevelopment Project experienced twists and turns from the establishment of the project area to groundbreaking. During the project promotion, the project area was expanded twice considering the road system within the street zone and the aging environment of the surrounding low-rise residential area, which caused delays.

With the introduction of Seoul City's 'Moa Housing Review Standards' and the revision of related ordinances, the relaxed floor height standards (up to 15 floors) and review criteria improved the project's feasibility. The number of buildings was reduced from six to four, and the number of households increased from 211 to 215. The building coverage ratio decreased from 35.58% to 31.62%, enhancing project viability and improving the residential environment.

The Hanyang Yeonrip Street Housing Redevelopment Project was conducted using a designated developer method, where a trust company (Korea Land Trust) rather than a union undertakes the project implementation to enhance transparency and efficiency. The costs required for the project, such as relocation and construction expenses, utilized the Housing and Urban Guarantee Corporation (HUG)'s 'Interest Subsidy Support' system, which provides a 2% interest subsidy on project costs, reducing the financial burden on union members.

Demolition completed at Hanyang Yeonrip Street Housing Maintenance Project construction site (Photo courtesy of Seoul City)

Moa Housing is a project that groups and redevelops aging low-rise residential areas (within 100,000㎡) where large-scale redevelopment is difficult. Since the policy was introduced in January 2022, 85 sites have been selected as Moa Town target areas. Currently, a total of 33 Moa Housing projects (4,506 households) have passed the integrated review. The pilot project, the Gangbuk-gu Beondong Street Housing Redevelopment Project, is scheduled to begin construction in June this year, and a total of 18 projects (2,677 households) are expected to start construction within the year.

Oh Young-cheol, chairman of the Hanyang Yeonrip Street Housing Redevelopment Project Committee, said, "From the early stages of the project, there were concerns about low project feasibility and difficulties in smooth project promotion due to changes in the implementation area and floor height restrictions in the zoning area (Type 2, 7 floors). However, with the introduction of the Moa Housing system, floor height and project feasibility have been greatly eased, and union members are satisfied."

Han Byung-yong, Director of Seoul City's Housing Policy Office, said, "The fact that actual construction is underway at the two-year mark since the start of the Moa Housing and Moa Town projects is a meaningful achievement demonstrating the project's validation. We will continue to support Moa Housing to improve the environment of aging low-rise residential areas and increase housing supply."

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