Seoul City Selects 10 Sites for Public Participation Moa Town Project

Benefits Granted Including Expansion of Business Area and Relaxation of Rental Ratio

The Seoul Metropolitan Government has selected 10 target sites for Moa Town, involving SH Corporation, LH, and others.

Low-rise residential area in Seoul selected as a pilot project site for Moa Town. Photo by Yonhap News

Seoul announced on the 8th that it has finalized the selection of a total of 10 Moa Towns (21 Moa housing units) as public institution-participating Moa Town target sites, including △100-48 Gugi-dong, Jongno-gu △322 Hongje-dong, Seodaemun-gu △354 Hwagok-dong and 515-44, 520-3 Deungchon-dong, Gangseo-gu △279 Sangdo-dong and 221-24 Noryangjin-dong, Dongjak-gu △697-20 Nangok-dong, Gwanak-gu △265 Eungbong-dong, Seongdong-gu △618 Banghak-dong, Dobong-gu.

This public contest was conducted targeting 16 Moa Towns (37 project zones). Sites that did not meet the resident consent rate as of the 20th of last month were excluded. Locations where resident opposition complaints against the public management project persisted during the contest were also judged to be difficult to proceed with the project and thus excluded from the contest.

The selection was made by a selection committee composed of experts and city council members, based on quantitatively evaluated scores such as residents' willingness to participate and project conditions, as well as qualitatively evaluated scores including disadvantaged project areas, effectiveness of public management projects, and urgency of the project.

For the selected areas, if more than half of the union members agree after the establishment of the union, SH Corporation and LH will participate as joint project implementers and support the entire process before project implementation.

When the project is implemented jointly with SH Corporation and LH, the project area (20,000 to 40,000㎡) can be expanded, and the ratio of rental housing donation in accordance with the zoning upgrade can be relaxed from 50% to 30%. Various benefits such as low-interest project financing support and project feasibility analysis will be provided.

Han Byung-yong, Director of the Housing Office of Seoul, said, "By supporting the initial project planning and union establishment with SH and LH, we will help residents participate in the project with confidence," adding, "We expect this public participation project to become a successful case where high-quality Moa housing is supplied quickly."

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