Yangcheon-gu, Sinjeong-dong 1152 Redevelopment Project 'Public Support Union Establishment' Approved
Securing Project Momentum with High Resident Consent Rate of 88.54%
By Directly Establishing Public Support Association, Skipping Promotion Committee, Significantly Shortening Project Duration
Creation of a Premium Residential Complex of 956 Households Enjoying Both Mokdong Academy District and Gyenam Neighborhood Park
Yangcheon-gu (District Mayor Lee Gi-jae) announced that with the approval of the establishment of the housing maintenance-type redevelopment association in the Sinjeong-dong 1152 area, this area is expected to be reborn as a residential complex with a total area of 44,083㎡ and 956 households.
This redevelopment project was rapidly promoted based on a high consent rate (88.54%) from residents following the designation of the maintenance zone on September 7, 2023. In particular, by utilizing the public support association direct establishment system, the step of forming a promotion committee was omitted, allowing the approval of the association establishment and significantly shortening the project duration.
In the past, it took an average of 3 years and 2 months from the designation of the maintenance zone to the approval of the association establishment, but with the introduction of the public support association direct establishment system and active participation of residents, the approval procedure was completed in just 9 months.
Especially in this project, the omission of the promotion committee formation process and the shortened period saved an average of 200 million KRW, which was usually spent during the operation of the promotion committee, greatly improving the project's feasibility.
This area holds special significance as residents once again united to resume redevelopment after the pain of being excluded from the Sinjeong Redevelopment Promotion District in August 2017. Through this redevelopment project, it is expected to transform into a premium residential complex where residents can enjoy both the excellent school district of Mokdong and the pleasant natural environment of Gyenam Neighborhood Park.
Lee Gi-jae, Mayor of Yangcheon-gu, stated, “With the implementation of the association establishment approval, the project will be fully activated, and the residential environment in this area is expected to improve significantly.” He added, “The district office will spare no administrative support to ensure the swift promotion of this project.”
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "Jeong Yu-kyung Is a Neighbor"...Itaewon Standalone House with Record 23.2 Billion Won Appraisal Up for Auction [Real Estate AtoZ]
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.