67 Locations Including Seoul Sintong Planning Re-designated as Land Permit Transaction Zones

Sixty-seven sites undergoing redevelopment projects in Seoul through the Rapid Integrated Planning and Public Redevelopment methods have been re-designated as land transaction permission zones.

The view of Changsin and Sungin areas in Jongno-gu, Seoul, which are redevelopment candidate sites through the 'Rapid Integrated Planning' project. Photo by Hyunmin Kim kimhyun81@

On the 16th, Seoul City held the 13th Urban Planning Committee's authorized subcommittee meeting and announced on the 17th that it had re-designated land transaction permission zones over a total area of 4.06㎢.

The targeted areas include eight public redevelopment candidate sites such as Sinmunno 2-12 district in Jongno-gu, and 59 Rapid Integrated Planning candidate sites including the Jongam-dong area in Seongbuk-gu. These zones were approaching the expiration of their land transaction permission zone designation sequentially from the 26th of this month until January 28 of next year.

With this decision, the area will be designated as a land transaction permission zone until January 28, 2026.

In addition, the city lifted the designation for small-scale street housing maintenance projects in Cheonho-dong, Gangdong-gu, and the land transaction permission zone in Singil-dong, Yeongdeungpo-gu, which was not selected as a Rapid Integrated Planning redevelopment candidate site.

Seoul City stated, "This was an unavoidable choice to block speculative transactions and rapid land price increases," adding, "We judged that if the designation is lifted in areas with high development expectations, the possibility of speculative demand inflow would increase."

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