Seongnam City Significantly Eases Resident Burden in Bundang Leading Districts for Aging Planned City Redevelopment

Reduction of Standards for Rental Housing, Long-life Certification, and Additional Public Contribution

On October 2, Seongnam City in Gyeonggi Province (Mayor Shin Sang-jin) announced that it will ease certain evaluation criteria that were originally announced during the designation of four complexes in Bundang as leading districts for the redevelopment of aging planned cities.

Seongnam City Hall exterior view. Provided by Seongnam City

Seongnam City has established new standards to reduce the burden on residents and enhance project feasibility, specifically for three criteria that had only been applied to Bundang among the five new towns, causing significant resident dissatisfaction: △support for relocation measures, △certification of long-life housing, and △additional public contribution requirements.

The relaxed details include: △changing the housing supply requirement for real estate market stabilization from "total number of households" to "number of increased households"; △lowering the required long-life housing certification grade from "excellent" to "good"; and △reducing the additional public contribution ratio from 5% to 2% of the site area. These adjustments actively reflect the results of resident meetings and surveys, and are expected to substantially reduce the burden on residents while increasing their willingness to participate in redevelopment projects.

These criteria were initially intended to differentiate designated areas, but have instead been criticized for placing excessive burdens on residents. With this easing of requirements, many of the uncertainties in the early stages of the redevelopment project have been addressed, and the leading district redevelopment projects are expected to gain further momentum.

Mayor Shin Sang-jin stated, "We will make every effort at the city level, including these eased measures, to ensure that the Bundang leading district becomes a successful model for redevelopment in Korea." He also pointed out, "In contrast to Seongnam City's proactive actions, the Ministry of Land, Infrastructure and Transport has recently excluded only Bundang from the expansion of the first-phase new town redevelopment quota and even prohibited the rollover of the first-phase leading district quota, which is expected to hinder project progress." He emphasized, "To ensure that these eased standards are not undermined, it is essential for the Ministry to lift restrictions on the designation quota for redevelopment districts."

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