Groundbreaking for Hwikyung 3 District Complex with 1,806 Households in Dongdaemun-gu

Published 26 Apr.2022 19:54(KST)

Full-scale redevelopment with up to 35 floors and 14 buildings... Construction start reported on the 19th, move-in targeted for April 2025

Groundbreaking for Hwikyung 3 District Complex with 1,806 Households in Dongdaemun-gu

[Asia Economy Reporter Park Jong-il] Hwikyung 3 District (64,326㎡) within the Imun-Hwikyung Redevelopment Promotion District, located around 172 Hwikyung-dong, Dongdaemun-gu, with good accessibility adjacent to Line 1 Hwayedaeap Station and Hoegi Station, as well as the Gyeongchun Line, will be redeveloped into a complex of up to 35 floors, 14 buildings, and a total of 1,806 households.

Hwikyung 3 District was designated as a redevelopment promotion zone in 2008, received project implementation approval in 2017, and management disposition approval in 2019. After relocation and demolition were completed, the construction commencement report was filed on the 19th.

GS Construction is in charge of the construction, with move-in scheduled for April 2025. The complex will be built as a multi-family residential housing with various unit sizes including 39㎡, 49㎡, 59㎡, and 84㎡, and will feature diverse convenience facilities such as community facilities and senior welfare facilities.

The Imun-Hwikyung Promotion District covers an area of 801,297㎡ around Imun-dong and Hwikyung-dong, including Imun 1, 3, and 4 Districts, and Hwikyung 1, 2, and 3 Districts.

Hwikyung 1 District (Hwikyung Haemoro, 299 households) was completed in February last year, Hwikyung 2 District (Hwikyung SK View, 900 households) was completed in June 2019, and redevelopment is ongoing with Imun 1 District (3,069 households) targeting completion in 2024 and Imun 3 District (4,169 households) in 2025. A large apartment complex of approximately 13,000 households will be established in the area.

As part of public contribution, Hwikyung 3 District plans to provide part of the project site for roads, green spaces, and social welfare facilities. Through this, the district office aims to improve the existing outdated infrastructure, specialize community facilities to fit the surrounding environment, and promote balanced development as a place for community communication and cultural exchange.