LH Designated as Project Implementer for Bundang 6·S3 District Redevelopment

Aerial view of Bundang 6·S3 District in Seongnam [Photo: LH]

The Korea Land and Housing Corporation (LH) has been designated as the project implementer for the Bundang 6·S3 District, a leading area within the Seongnam Bundang New Town. LH announced on June 29 that it will begin the formal project process, including selecting a construction contractor.
The Bundang 6·S3 District is planned to accommodate 2,475 households and was designated as a special maintenance zone under the Special Act on the Maintenance and Support of Deteriorated Planned Cities in January of this year.
After starting to collect consent from residents on April 18, the project secured an impressive 80.44% approval rate within a month and a half. This figure significantly exceeds the legal requirement of 50%, indicating strong community trust in the public implementation method and a commitment to the project. The initial resident approval rate and the speed of designating the project implementer are seen as key indicators of future project momentum for the first-generation new town redevelopment.
Following the designation, LH plans to sign a project implementation agreement with a residents' representative council in July. Subsequent steps will include selecting a construction contractor, obtaining project approval, and planning for management and distribution, all based on cooperation with residents.
Given that resident approval rates and project speed are critical variables in the first-generation new town redevelopment, the rapid approval rate achieved in the Bundang 6·S3 District may influence the progress of other leading districts.
Kang Oh-soon, head of LH's Regional Balance Headquarters, stated, "The designation of the project implementer for Bundang 6·S3 District is a significant achievement resulting from the active will of the residents and systematic public support. We will focus our efforts to ensure this becomes a model case for the first-generation new town redevelopment project."

* This article has been translated by AI.