Gwacheon and Taereung Focus on Speed... "Accelerating Reconstruction and Redevelopment"

[Anchor]

The government has announced plans to further accelerate previously announced housing development sites as well as reconstruction and redevelopment projects. It is also easing regulations to allow for the increased construction of multi-family and row houses, which account for 40% of housing in the Seoul metropolitan area.

Reporting from Kim Beom-joo.

[Reporter]

This is the Gwacheon Racecourse site, where the government announced in January that it would build 9,800 housing units.

The government stated that it will finalize the relocation site for the racecourse next month, begin relocating facilities at the adjacent Defense Security Command early next year, and break ground by the end of 2029.

For the Taereung Golf Course site, where 6,800 homes are planned, the government aims to complete procedures such as the heritage impact assessment within this year to advance the timeline, also targeting a groundbreaking in September 2029.

Measures were also unveiled to accelerate reconstruction and redevelopment projects while maximizing the use of idle land across various areas.

The requirement for resident consent to establish a redevelopment association will be lowered from 75% to 70%, and the government plans to clear early-to-mid-stage hurdles by directly intervening when conflicts over construction costs and other issues arise.

[Kim Yoon-duck / Minister of Land, Infrastructure and Transport: We will accelerate the pace of redevelopment and reconstruction projects to flawlessly support the groundbreaking of 234,000 housing units in the metropolitan area by 2030.]

For urban complex projects that are too complex for the private sector, public institutions like the LH (Korea Land and Housing Corporation) will step in instead, with a target to supply an additional 51,000 housing units in Seoul by 2030.

The government stated that it will build more than 1,800 housing units on the sites of relocated and vacant schools and public office buildings, while continuing to search for additional land.

Measures were also introduced to support construction companies in building more multi-family and row houses, which account for 40% of housing in Seoul.

The floor area limit per building block will be increased 1.5 times from 660 square meters to 1,000 square meters, and the height limit for multi-family houses will be raised from three stories to four stories.

This means more homes can be built and sold at once.

Additionally, to promote housing supply, the government decided to nearly double the scale of project financing (PF) support to a minimum of 47.8 trillion won.

(Video Editing: Oh Young-taek, Design: Kim Han-gil)
※ Please note: This article was translated by AI and may contain errors.