LH Designated as Project Implementer for Sanbon Zone 9-2... First Among First-Generation New Towns

On March 20, Korea Land and Housing Corporation (LH) announced that it has been designated as the project implementer for Zone 9-2, the pilot district within Sanbon New Town in Gunpo.

This zone was designated as a special maintenance district in December last year under the Special Act on the Maintenance and Support of Aged Planned Cities. Among the pilot districts in the first-generation new towns where LH is participating, it was the first to be designated as a maintenance district and, after only three months, became the first to have an implementer designated. The project will rebuild the existing 1,862 households into a total of 3,376 households.

Aerial view of Gunpo Sanbon Leading District Zone 9-2. Provided by LH

Following this designation as the project implementer, LH plans to sign a project implementation agreement with the residents' representative council next month. In cooperation with the residents, LH will proceed with subsequent processes, including contractor selection, project approval, and management and disposal plan.

Kang Osun, Head of Regional Balance at LH, stated, "The designation of LH as the project implementer for the Gunpo Sanbon special maintenance district, which is the first of its kind among first-generation new towns, is the result of both the residents' determination and public support. We will ensure that this becomes a successful model for the redevelopment of first-generation new towns."

Meanwhile, LH completed its application for designation as the project implementer for Gunpo Sanbon Zone 11, where it is currently participating as a preliminary project implementer, on March 10. After the designation, LH plans to work together with the residents' representative council to proceed with the next steps.

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