Miseong, Sindorim Semi-Industrial Area Launches First Reconstruction Project

[Asia Economy Reporter Yuri Kim] Sindorim Miseong Apartment in Sindorim-dong, Guro-gu, Seoul is accelerating its reconstruction. As the only complex in the Sindorim semi-industrial area that has reached the reconstruction eligibility period, attention is focused on whether the first reconstruction in this area will be realized.

According to the maintenance industry on the 9th, the Guro District Office recently commissioned a detailed safety inspection service for the reconstruction of Sindorim Miseong Apartment at 290 Sindorim-dong. After the Reconstruction Promotion Preparation Committee was formed earlier this year, the complex submitted a reconstruction safety inspection to the Guro District Office and passed the preliminary safety inspection in April.

Sindorim Miseong also avoided the strengthened detailed safety inspection measures announced in the government's June 17 real estate policy. Currently, the local city, county, or district selects the detailed safety inspection agency, but after the amendment of the "Urban and Residential Environment Maintenance Act," the selection and management authority will be transferred to the city or province starting from the first half of next year. The public institution's appropriateness inspection will also be handled by the city or province. To proceed with the reconstruction project, a 'conditional reconstruction (Grade D)' or 'reconstruction (Grade E)' rating must be obtained in the detailed safety inspection. If a Grade D is received, an additional appropriateness review by a public institution is required.

Consisting of 6 buildings and 824 households, Sindorim Miseong was completed in 1989 and has reached the 30-year reconstruction eligibility period. Residents initially pursued remodeling in 2008, even selecting a construction company, but later shifted their focus to reconstruction. The complex is evaluated as well-equipped with transportation infrastructure, including proximity to Anyangcheon and Sindorim Station.

The industry expects that the reconstruction of Miseong Apartment and the redevelopment of the Sindorim semi-industrial area will bring changes to this deteriorated area. While the area along Gyeongin-ro, connecting Yeouido and Incheon, transformed into a residential area with over 7,000 apartments built in the late 1990s and early 2000s, redevelopment projects in the Sindorim semi-industrial area near Anyangcheon were delayed due to conflicts among local residents. However, with the government's housing supply activation measures, momentum is returning to this area as well.

The Sindorim 293 area within the semi-industrial zone, covering 196,648 square meters, is currently undergoing urban maintenance projects to transform into an apartment complex. This area is expected to change into an apartment complex with approximately 2,700 households.

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