Yeongdeungpo District Establishes Parking Lots on Leftover Land... Resident Rewards Up to 1 Million Won

A Total of 740 Parking Spaces Now in Operation
Sites Discovered Through Resident Reports

Yeongdeungpo District in Seoul (District Mayor Choi Hokwon) announced on October 20 that it has newly established a total of four leftover land parking lots with a combined capacity of 30 spaces this year to alleviate downtown parking shortages and improve convenience for residents.

Before and after comparison of the Shingildong leftover land parking lot. Provided by Yeongdeungpo District.

The newly created parking lots consist of one site on a demolished vacant house lot (10 spaces) and three vacant lots near residential areas (with 5, 5, and 10 spaces, respectively). Notably, the three vacant lots were discovered through resident reports as part of the “Leftover Land Discovery Reward Program.”

Leftover land parking lots are receiving positive feedback as they require less land acquisition and lower construction costs compared to large-scale public parking lots, and can be installed efficiently within a short period. They are also highly effective in improving the surrounding environment and urban aesthetics, leading to high resident satisfaction.

Residents can park at affordable rates, while landowners can choose between a property tax exemption or receiving operational income of approximately 40,000 won per parking space per month. The project has opened up previously underutilized urban spaces, and it is being evaluated as having significantly eased parking shortages in nearby commercial and residential areas.

Currently, Yeongdeungpo District operates a total of 28 leftover land parking lots with a combined capacity of 740 spaces. The district plans to continue discovering new sites to improve the parking environment and will provide rewards of up to 1 million won to residents who report eligible sites, depending on the number of parking spaces created.

Choi Hokwon, Mayor of Yeongdeungpo District, stated, “We ask for the active participation of residents in discovering leftover land,” and added, “We will continue to implement practical measures to resolve parking issues and improve the parking environment.”

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