Seongbuk District and LH Sign Agreement to Expedite Redevelopment Projects Including Seongbuk District 1

Seongbuk District 1, Jangwi Districts 9 and 12, and Moa Town in Jongam-dong Gain Momentum

On August 12, Seongbuk District in Seoul (Mayor Seungro Lee) announced that it has signed a business agreement with the Seoul Regional Headquarters of Korea Land and Housing Corporation (LH) to expedite local redevelopment projects and create a pleasant urban and residential environment. The signing ceremony, held at the district office, was attended by Seungro Lee, Mayor of Seongbuk District, Hyungeun Park, Head of LH Seoul Regional Headquarters, and other officials.

Seungro Lee, Mayor of Seongbuk District (center right), and Hyungeun Park, Head of LH Seoul Regional Headquarters (center left), along with other officials, are taking a commemorative photo after the agreement ceremony on the 12th. Provided by Seongbuk District.

The main projects covered by this agreement include four sites: public redevelopment led by LH in Seongbuk District 1 and Jangwi District 9, the Urban Public Housing Complex Project in Jangwi District 12, and the Moa Town project at 125-1 Jongam-dong.

The agreement specifies the creation of favorable project conditions and administrative support, the identification of new redevelopment candidates, the improvement of residential environments, and the expansion of housing supply to ensure housing stability for ordinary citizens and young people. To achieve these goals, the district and LH have formed a working-level consultative body in advance to discuss operational plans.

Mayor Seungro Lee stated, "With the highest number of redevelopment projects underway nationwide, Seongbuk District will use this agreement as a stepping stone to create a better urban and residential environment. We will also expand additional housing supply to further contribute to housing stability for ordinary citizens and young people."

The main project scales within the district are as follows: Jangwi District 9 (around 238-83 Jangwi-dong), approximately 84,000 square meters, 2,230 units in buildings ranging from three basement floors to 38 above-ground floors; Seongbuk District 1 (around 179-68 Seongbuk-dong), approximately 109,000 square meters, 2,086 units in buildings ranging from three basement floors to 30 above-ground floors; and Jangwi District 12 (around 231-236 Jangwi-dong), approximately 59,000 square meters, 1,386 units in buildings ranging from three basement floors to 25 above-ground floors.

Seongbuk District expects that, as a result of this agreement, existing project sites will progress more rapidly and that the agreement will have a positive impact on projects that had previously faced concerns about long-term delays.

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