Jung-gu, Seoul Approves Establishment of Namsan Town Remodeling Association for 5,150 Units

Project Restarts Eight Years After Pilot Complex Designation
Land Subdivision Resolves Challenges of Mixed Rental and For-Sale Units

The Namsan Town Apartment remodeling project in Jung-gu, Seoul, is finally getting on track after eight years.

On April 21, Jung-gu (Mayor Gilsung Kim) approved the establishment of the housing association for the Namsan Town Apartment remodeling project and delivered the approval certificate to the association, it was announced on the 23rd. This comes eight years after the complex was designated as a Seoul-type remodeling pilot complex in 2018, and it marks the first multi-family housing remodeling project in Jung-gu.

Kim Gilseong, Mayor of Jung-gu (fourth from the right), is delivering the housing association establishment approval certificate to the residents of Namsan Town Apartments and taking a commemorative photo. Provided by Jung-gu.

Completed in 2002, Namsan Town is a large-scale complex with a total of 5,150 units. The association will now proceed sequentially with the primary safety inspection, selection of a construction company, review by the Urban Planning and Architecture Committee, and approval of the business plan. Once the remodeling is complete, the exclusive residential area and parking spaces will be expanded, outdated facilities will be replaced, and community amenities will be improved.

This approval is considered the first case of overcoming the structural limitations of remodeling a "mixed complex" that includes both for-sale and rental units. Namsan Town had struggled to move the project forward because of a legal requirement that more than two-thirds of the entire complex, including rental housing, must approve the project.

Jung-gu and the Seoul Metropolitan Government chose to resolve this by subdividing the land parcels. This "conditional association establishment approval" method involves dividing the land so that there is no change in the rights of the Seoul Metropolitan Government, which owns the rental housing on a single parcel, and proceeding with the project centered on the for-sale units. After multiple rounds of negotiations, the two parties were able to secure final approval.

Jung-gu plans to use this case as a reference point to strengthen public support and institutional foundations for the maintenance of aging multi-family housing in the district.

Gilsung Kim, Mayor of Jung-gu, stated, "This approval is a meaningful outcome created by the residents' determination and the cooperation of the government authorities," adding, "We will continue to actively support various maintenance projects to improve the residential environment of aging multi-family housing and enhance the city's competitiveness."

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