▲ Seoul Mayor Oh Se-hoon (left) visits the Shindongia Apartment complex in Yangpyeong-dong, Yeongdeungpo-gu, Seoul, which is slated for reconstruction, to hold a meeting with residents on July 16.
The Seoul Metropolitan Government has signed a "Joint Cooperation Agreement for Achieving Housing Supply Targets" alongside 11 redevelopment associations, 5 construction companies, and 8 autonomous districts slated to begin construction within the year.
Notably, Seoul Mayor Oh Se-hoon presided over the agreement in person, emphasizing his commitment to seamlessly achieving the target of "breaking ground on 30,000 homes within the year."
The Seoul Metropolitan Government has already completed construction on approximately 15,000 homes across 14 out of the 25 redevelopment sites that have been intensively managed as construction targets for this year.
Under today's (October 13) agreement, the city plans to manage remaining procedures and delay factors for each site to ensure that the remaining 16,117 homes across 11 sites can break ground within the year.
Associations have agreed to accelerate preparations for construction through swift decision-making, while builders will cooperate on the transparent sharing of construction cost information, reasonable cost reductions, and thorough safety and quality management.
Autonomous districts also plan to work alongside the city to fast-track administrative processes, provide swift approvals and permits, and implement on-site conflict management.
According to the Seoul Metropolitan Government, an annual average of 35 new redevelopment zones have been designated over the past five years.
Currently, redevelopment projects encompassing approximately 521,000 homes across 496 zones are underway in Seoul.
During the 9th popular term of local government, the city plans to focus on connecting the expanded redevelopment foundation to actual construction.
To this end, among the approximately 85,000 homes managed with a goal to break ground by 2028, the Seoul Metropolitan Government plans to intensively manage 16,000 homes at risk of delay to minimize supply disruptions.
Seoul Mayor Oh Se-hoon stated, "The only way to accelerate housing stability is through speedy supply that citizens can see and experience firsthand," adding, "Seoul will become a 'one team' with autonomous districts, associations, and builders alike to build a housing-stable Seoul where people can secure homes without worry."
(Photo: Yonhap News)
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