Seodaemun-gu, Approval Granted for Completion of Moraenae and Seojung Major Market Renovation Projects

Resolving Difficulties in Exercising Residents' Property Rights Due to Non-Creation of Registration

Seodaemun-gu Office building. (Photo by Seodaemun-gu Office)

Seodaemun-gu, Seoul (Mayor Lee Seong-heon) announced on the 5th that the completion approval and ownership transfer notification for the "Moraenae and Seojung Two Major Market Redevelopment Project" were finalized as of the 28th of last month.

Previously, through this redevelopment project, five apartment buildings with 450 households of DMC Kumho Richensia were constructed in the area of 290 Namgajwa-dong within the Gajaeul Redevelopment Promotion District (New Town).

The district office had not granted completion approval because, after issuing a "pre-completion use permit" in July 2022, it was necessary to supplement maintenance infrastructure (roads) within the area. Due to the lack of registration, residents faced difficulties in exercising property rights such as sales and loans, but these issues have now been resolved with the completion approval and ownership transfer notification.

Lee Seong-heon, Mayor of Seodaemun-gu, stated, "We will continue to actively consult with project stakeholders and promptly process administrative procedures to ensure that redevelopment projects in the district proceed swiftly."

He also said, "We will do our best to prevent and resolve delays and conflicts in redevelopment projects by regularly holding fair meetings between the district office and the association (promotion committee)."

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