On October 29, a community meeting was held at the Mapo District Office regarding the urban public housing complex project near Mangwon Sports Park. The Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation (LH) announced plans to shorten the project duration based on resident cooperation. Residents expressed concerns about future fees and compensation conditions, and some requested the inclusion of nearby apartments in the project area.
This meeting was the first of 11 new candidate sites announced as part of the follow-up to the 'August 13 Housing Supply Plan' released last month.
The area near Mangwon Sports Park is the first candidate site for an urban complex project in Mapo District. The project aims to supply 940 housing units on a 30,090 square meter site at 406-1 Mangwon-dong. The government targets designating the site in the first half of 2027 and commencing construction in the second half of 2030.
Specific project plans, estimated sale prices, fees, and resident priority discount rates will be disclosed at the second community meeting.
According to the chairperson of the local promotion committee, the pre-participation rate among residents was about 40% at the time of the candidate site application. This figure reflects preliminary interest in participating in the project and is distinct from the legal consent required for site designation. To designate the site, consent must be obtained from more than two-thirds of landowners and those representing more than half of the land area within one year of the designation.
Since 2021, 35 out of 82 candidate sites have been withdrawn due to insufficient resident consent before this new selection.
The Ministry of Land believes that securing a pre-participation rate of 40% will allow for an expedited project timeline. Kim Hee-cheon, a policy officer at the Ministry, stated, "Projects that started with a 10% pre-participation rate took 5 years and 5 months to commence. Since Mangwon-dong has over 40%, we believe it can be expedited significantly."
LH also announced that it has restructured its Metropolitan Area Maintenance Project Headquarters and increased staffing to accelerate the project.
After construction begins, additional time will be needed for residents to move in. LH estimates that it will take about four years from site designation to project approval, compensation, relocation, and demolition, followed by approximately four years of construction. The total time from site designation to occupancy could take 8 to 9 years.
Other types of redevelopment projects, such as the Seoul City Rapid Integrated Planning and Moa Town, are also underway in the vicinity of the Mangwon-dong candidate site. The urban complex project is led by the public sector, allowing for the omission of procedures like establishing associations and management plans, along with incentives such as increased floor area ratios.
During the meeting, requests were made to include nearby apartments in the project area. Jeong Ju-seok, a team leader at LH's Urban Project Division, explained, "It is possible to adjust the district boundaries at the candidate site stage, but this requires consultation with existing residents and local governments."
LH plans to hold community meetings sequentially for the 11 newly selected candidate sites in Seoul. An LH official stated, "Starting with Mangwon-dong, we will hold community meetings for other candidate sites sequentially from next week."
* This article has been translated by AI.
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