Namyangju Old Downtown Balanced Development 'New Chapter'... Jungchon Village Selected as National Pilot District Candidate

Improvement of Aging Residential Area Environment and Promotion of New Housing and Living Convenience Facilities
Up to 41.7 Billion KRW in Total Financial Support Including a Maximum of 25 Billion KRW in National Subsidies

Namyangju City, Gyeonggi Province (Mayor Joo Gwang-deok) announced on the 24th that the ‘Jigeum·Donong Redevelopment Promotion District Maintenance Zone 10’ (commonly known as Jungchon Village) has been selected as a candidate site for the National Pilot Residential Regeneration Innovation District in the second half of 2024 Urban Regeneration Project competition hosted by the Ministry of Land, Infrastructure and Transport.

Namyangju City Hall exterior. Provided by Namyangju City

The Residential Regeneration Innovation District regeneration project is a public-led initiative to transform areas densely populated with old and deteriorated buildings that require residential environment improvement and new housing supply into regional hubs equipped with residential, welfare, and convenience facilities.

The Maintenance Zone 10 (around Dasan-dong 4039-3) is a region suffering from serious urban imbalance and neglect of the original downtown compared to the surrounding Dasan New Town and completed redevelopment areas. It was a region where project feasibility was insufficient under the existing private-led redevelopment projects, making project advancement difficult.

However, through this designation as a candidate site for the National Pilot District, it has become possible to supply new housing and convenience facilities through public leadership, enabling the creation of a pleasant and stable residential environment.

Mayor Joo Gwang-deok of Namyangju said, “For Namyangju to achieve changes beyond imagination, revitalization of not only the new towns but also the existing original downtown is essential,” adding, “This National Pilot District initiative will be a stepping stone for balanced development and sustainable growth of Namyangju City.”

A total of 47 sites nationwide applied for this competition, and after review by an advisory and evaluation committee composed of experts in urban planning, architecture, and real estate, as well as deliberation by the Urban Regeneration Special Committee under the Prime Minister, 12 projects were selected. Namyangju achieved the remarkable feat of being the only candidate site for the National Pilot District in the Seoul and Gyeonggi region.

If finally selected as a National Pilot District, the project will receive financial support totaling 41.7 billion KRW, including up to 25 billion KRW in national funds for infrastructure development. Additionally, administrative support such as integrated review for district designation and implementation plan approval, as well as fund support through housing and urban fund investments and loans, will be provided, giving the project further momentum.

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