Seoul Adds Eight More Rapid Integrated Planning Redevelopment Candidate Sites Including Dobong, Dongjak, and Yeongdeungpo Districts
Eight New Candidate Sites Added to Rapid Integrated Planning Redevelopment
Areas Feature High Concentration of Aging Semi-Basement Homes and Urgent Need for Residential Improvement
The Seoul Metropolitan Government has added eight more sites as candidates for the Rapid Integrated Planning urban redevelopment project.
On August 28, the city announced that it had held the 4th Housing Redevelopment Candidate Site Selection Committee and selected eight locations as candidates for the Rapid Integrated Planning project. With the addition of these sites, there are now a total of 130 areas designated for the Rapid Integrated Planning redevelopment initiative.
The newly selected candidate sites are as follows: the area around 638 Banghak-dong in Dobong District; the area around 214 Sangdo-dong in Dongjak District; the area around 419-1 Sadang-dong in Dongjak District; the area around 133-1 Dorim-dong in Yeongdeungpo District; the area around 2-92 Garibong-dong in Guro District; the area around 159 Mia-dong in Gangbuk District; the area around 331-29 Ahyeon-dong in Mapo District; and the area around 1-1351 Yongsan-dong 2-ga in Yongsan District.
These areas were selected because they include a high concentration of aging semi-basement homes, have a strong need for residential environment improvement, show active resident participation, and are well-connected to adjacent development projects.
The Banghak-dong 638 area in Dobong District and the Garibong-dong 2-92 area in Guro District are adjacent to previously selected candidate sites and Moa Towns, so the improvement of residential environments is expected to be significant through the connection of infrastructure such as roads. The Sangdo-dong 214 area in Dongjak District has more than 70% semi-basement homes, while the Dorim-dong 133-1 area in Yeongdeungpo District is a former flood-damaged area, making the creation of a safe residential environment through redevelopment an urgent priority.
Four of the selected areas were conditionally approved. For the area around 419-1 Sadang-dong in Dongjak District, the city imposed conditions to specifically submit the results of resident opinion surveys on project approval and detailed plans for access roads, considering the opposition of some residents.
Additionally, the committee provided consultation on two sites that had been conditionally selected in November 2023.
For the selected candidate sites, the city will immediately provide subsidies for establishing redevelopment plans. In addition, the time required to designate a redevelopment zone, which previously took more than five years, has already been reduced by an average of 2 to 2.5 years, and will be further shortened by another 0.5 years, aiming to complete designation within two years.
During the redevelopment planning process, the city will apply the business feasibility adjustment coefficient, current floor area ratio, and three-dimensional parks, which were newly introduced in the 2030 Urban and Residential Environment Improvement Master Plan, tailored to the conditions of each area to ensure project viability.
Furthermore, the city has been implementing anti-speculation measures to block speculative investors from entering the redevelopment process, and the same measures will be applied to the newly selected candidate sites.
The selected candidate sites will be designated as land transaction permit zones to completely block speculative transactions such as gap investment. In addition, the city will announce the reference date for rights calculation for each candidate site and restrict building permits in accordance with the Building Act to prevent speculative activities such as splitting ownership shares.
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Choi Jinseok, Director of Housing for the Seoul Metropolitan Government, stated, "The selected candidate sites are severely underdeveloped, with a high concentration of deteriorated semi-basement homes, making them vulnerable to flooding and other safety issues. Improving the residential environment is urgently needed. Through the Rapid Integrated Planning initiative, we will provide administrative support to ensure swift housing supply and create better living spaces."
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