First LH-Participated Street Housing Project in Seoul: Deoksu Yeonrip Now Occupied

Korea Land and Housing Corporation (LH) announced on December 3 that it has completed the Deoksu Yeonrip Street Housing Maintenance Project, which was carried out as a small-scale residential environment improvement initiative.

The street housing maintenance project is characterized by its rapid progress, as it is implemented in street districts densely populated with old and substandard buildings while maintaining the existing street layout. While traditional redevelopment or reconstruction projects typically take around 15 years, the Deoksu Yeonrip project was completed in 5 years. Located in Yeomchang-dong, Gangseo-gu, Seoul, this is the first time in Seoul that a street housing maintenance project involving LH participation has been completed and occupied.

A recent view of the Deoksu Yeonrip Street Housing Maintenance Project, which has been completed and is currently being occupied. Provided by Korea Land and Housing Corporation

The complex consists of 66 units across 18 above-ground floors and 3 basement levels. Some of the units are provided as public rental housing for actual demand groups such as young people and newlyweds. LH is currently carrying out LH-participation street housing maintenance projects at 30 locations across Seoul, totaling around 10,000 units. Projects in Seokchon-dong, Songpa-gu, and Yeonnam-dong, Mapo-gu, have either begun or are about to begin demolition procedures. Next year, construction is also scheduled to begin in Mok-dong, Yangcheon-gu, Jayang-dong, Gwangjin-gu, and Yangjae-dong, Seocho-gu.

Lee Sangwook, Acting President of LH, said, "Based on the transparency and stability of the public sector, we will swiftly carry out urban maintenance in a short period of time, thereby contributing to the improvement of aging residential areas and the expansion of housing supply."

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