Apgujeong District 5 to Be Reborn as 1,400-Unit Complex After 47 Years... Third Redevelopment Plan Finalized in Apgujeong

The Third of Six Apgujeong Redevelopment Districts
Floor Area Ratio Up to 300%, Maximum Height 250m
"Open Complex" Concept Adopted... Three-Dimensional Observation Deck Planned

Aerial view of Apgujeong 5 District, Seoul. Seoul City

Apgujeong District 5, which boasts a prime location even within Seoul, will be redeveloped into a complex with a maximum height of 250 meters and a total of 1,401 households. This marks the third out of six Apgujeong redevelopment districts to finalize its maintenance plan.

On August 5, the Seoul Metropolitan Government announced that it held the 8th Urban Planning Committee's delegated subcommittee meeting and approved, with modifications, the designation (amendment) of the Apgujeong District 5 maintenance area and maintenance plan, as well as the landscape review. Previously, in July 2023, the city finalized the expedited integrated planning for Apgujeong Districts 2 to 5. For District 5, the city established the maintenance plan and completed the review process within 24 months.

Apgujeong District 5 currently consists of Hanyang 1st and 2nd complexes, totaling 1,232 households. After 47 years since its completion in 1978, it will be transformed with a floor area ratio of up to 300% and a total of 1,401 households, including 140 public housing units. Only one landmark building will be allowed a maximum height of 250 meters, while the remaining buildings will be limited to a maximum height of 200 meters (50 stories).

On the north side of the complex, which faces the Han River, the buildings are planned to be 20 stories high to harmonize with the waterfront. In addition, the street along Hangang-gane-gil will be designated as a specialized street activation zone, where open community spaces such as small libraries will be concentrated.

Furthermore, Apgujeong District 5 will incorporate the "open complex" concept emphasized by the city. No fences will be installed around the complex, and open community facilities will be accessible to everyone. The three-dimensional observation deck (small park) will be built with gentle slopes to ensure easy access for citizens. In addition, by utilizing the green spaces and parks along Olympic-daero, a circular pedestrian route will be created around the perimeter of the complex.

The city plans to officially announce the maintenance plan reflecting the results of this review, proceed with integrated reviews covering architecture, transportation, education, and environment, finalize the architectural plan, and fully launch the project.

Currently, the Apgujeong-dong area consists of 24 complexes, including Miseong, Hyundai, and Hanyang, totaling about 10,000 households, and is being redeveloped across six districts. Following District 2 in November last year and District 4 last month, District 5 is the third to pass the review process.

District 2 has a total construction cost of approximately 2.7 trillion won, and a contractor is scheduled to be selected next month. Currently, it consists of 27 buildings with a total of 1,924 households, and after redevelopment, it will be reorganized into 14 buildings with up to 65 stories and a total of 2,571 households. District 4, which includes the aging Hyundai 8th complex and Hanyang 3rd, 4th, and 6th complexes, will be redeveloped into a residential complex with nine buildings, around 70 stories high, and a total of 1,664 households, after about 44 years since completion.

However, for District 3, similar to District 5, the designation of the redevelopment maintenance area and maintenance plan (amendment) were submitted as agenda items to the 8th Urban Planning Committee, but the decision was postponed. District 3 includes Hyundai 1st to 7th, 10th, and 13th and 14th complexes, as well as Daerim Villat, totaling 3,946 households. An error was found in the registration of land shares worth 2.59 trillion won, and the shares are currently being adjusted through lawsuits and other processes.

Choi Jinseok, Director of Housing at the Seoul Metropolitan Government, stated, "We expect the Apgujeong area to lead waterfront residential culture as the center of Gangnam and to create a vibrant skyline and unique landscape that blend with the Han River. We will do our best to ensure that administrative procedures proceed even more quickly in the future."

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