Korea Land and Housing Corp., known as LH, said Wednesday it signed a business agreement with residents’ representatives from Zones 12 and 13 in Gunpo’s Sanbon area to pursue designation as a “second special redevelopment zone.”
The aging planned-city redevelopment program targets sites developed more than 20 years ago, including the first-generation new town of Gunpo Sanbon. It aims to improve living conditions through integrated upgrades that include infrastructure such as parks and schools.
Projects in these areas will use an improved resident-proposal process under the government’s Sept. 7 housing supply measures. Residents can speed the process by securing consent from a majority of landowners and proposing zone designation to the local government. The Ministry of Land, Infrastructure and Transport has said prepared projects could cut timelines by at least six months because there is no separate preparation period for a public contest.
LH said the agreement was intended to strengthen cooperation with residents so Zones 12 and 13 can move forward as a follow-up integrated reconstruction project and be designated as a second special redevelopment zone.
Under the agreement, the residents’ group will handle key decisions and collect consent forms. LH will support the overall project, including drafting the special redevelopment plan, assisting with permits and approvals, and providing initial project funding.
LH said it will begin by seeking preliminary advice on an application to propose designation of the special redevelopment plan in the second half of the year, aiming to secure zone designation by year’s end.
Based on the current draft redevelopment plan, the project is expected to supply about 5,000 housing units in the area.
“With the earlier leading districts, we will help drive redevelopment momentum across Sanbon and present a high-quality model based on our public redevelopment know-how,” said Park Hyeon-geun, head of LH’s Seoul metropolitan area redevelopment projects headquarters.
In its Sept. 7 housing supply measures last year, the land ministry projected that redevelopment of aging planned cities in first-generation new towns, including Gunpo Sanbon, could enable the supply of 63,000 housing units through improvements to selection methods and project procedures.
* This article has been translated by AI.
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