According to the Ministry of Land, Infrastructure and Transport on May 17, proposals from residents were submitted from 44 locations across 16 districts in Seoul by the application deadline on May 8.
The urban public housing complex project is designed to facilitate development in aging urban areas where private redevelopment and reconstruction efforts are challenging. It is characterized by the ability to expedite the process by omitting steps such as establishing associations or management plans.
This application process allowed residents to propose projects directly. After review by the districts, recommended sites will be evaluated by a selection committee involving the Ministry and the Seoul city government, with final candidate sites expected to be announced in July.
Notably, projects with a participation rate exceeding 30% will receive maximum evaluation points, and approximately 61% of the proposals, or 27 locations, met this criterion.
By type, there are 16 residential-commercial high-density zones centered around transit stations (covering 674,000 square meters), 25 housing supply activation zones in low-rise residential areas (covering 1,983,000 square meters), and 3 residential-industrial convergence zones in semi-industrial areas (covering 159,000 square meters).
The government plans to temporarily relax the floor area ratio for transit-oriented and low-rise residential types to a maximum of 1.4 times the legal limit until April 2029. This is intended to enhance project viability and encourage increased supply in urban areas.
Currently, among 49 urban public housing complex sites nationwide, 29 (approximately 48,000 units) have already been designated as complex zones, with 9 (about 13,000 units) having received project approval.
The Ministry anticipates that the urban public housing complex project in the northern area of Jemulpo Station in Incheon’s Michuhol District will begin construction five years after its selection as a candidate site. This project, which will feature up to 49 floors and approximately 3,500 units, is noted as the first successful case of public-led development utilizing a REITs (Real Estate Investment Trust) model.
Additionally, significant construction projects in Seoul are expected to commence next year, with notable sites including Eunpyeong District's Jeungsan 4 District and Yeonsinnae Station, as well as Shin-gil 2 District in Yeongdeungpo and Banghak Station and Ssangmun Station in Dobong District.
Lee Jae-pyeong, Director of Housing Supply Policy at the Ministry, stated, "The high interest and participation from residents in this application process reflect the community's expectations for the urban public housing project. We will actively support the swift and smooth advancement of projects following the selection of candidate sites based on improved systems."
* This article has been translated by AI.
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