Gwangmyeong City Urges LH to Acquire Rental Housing Site in Gureumsan District

Letter Delivered to Minister of Land, Infrastructure and Transport

Gwangmyeong City in Gyeonggi Province has called on the Korea Land and Housing Corporation (LH) to purchase rental housing sites within the Gureumsan District urban development project area.

According to the city, Mayor Park Seungwon delivered a letter containing this request to Kim Yoonduk, Minister of Land, Infrastructure and Transport, on November 28.

Park Seungwon, mayor of Gwangmyeong City, is presiding over the "Expert Meeting on the Sale Plan of Rental Housing Sites for the Gwangmyeong Gurumsan District Urban Development Project" held in the city hall's main conference room last March. Mayor Park sent a letter to Kim Yoonduk, Minister of Land, Infrastructure and Transport, urging the Korea Land and Housing Corporation to purchase rental housing sites. Provided by Gwangmyeong City

The Gureumsan District is an urban development project directly implemented by Gwangmyeong City to improve the residential environment and provide high-quality housing in the Sohadong area, which was previously designated as a greenbelt but has since been lifted.

The district covers an area of 772,855 square meters, with a total of 5,050 housing units to be built, accommodating a population of 12,623. Site preparation work began in January 2023, and the project is scheduled for completion in 2028.

The rental housing site that the city is urging LH to purchase is Block A1 within the district. The site covers 35,232 square meters and can accommodate 1,067 rental housing units, each with a floor area of 60 square meters or less.

In his letter, Mayor Park stated, "For the government's September 7 housing supply expansion plan to be realized, it is essential to acquire the rental housing site within the district," adding, "Since the rental housing site is already secured and construction can begin immediately, this provides optimal conditions to quickly support the government’s housing stabilization policy."

Mayor Park further noted, "Recently, LH has delayed the acquisition of the rental housing site due to financial reasons, which has heightened housing insecurity among former residents who were relocated, and is also expected to cause significant setbacks to the project itself, which relies on the proceeds from the sale of the rental housing site."

According to the Urban Development Act, when requested by the project implementer, public institutions or government-funded agencies designated by Presidential Decree are required to acquire rental housing sites in urban development projects.

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