Daehung-dong Street Housing Maintenance Project Holds Founding General Meeting Ahead of Association Establishment

The Steering Committee for the Street Housing Redevelopment Project in the Daehyeong-dong area of Mapo-gu, Seoul, will hold its inaugural general meeting in July this year ahead of the approval for the establishment of the association.

The Street Housing Redevelopment Project is a redevelopment initiative implemented to improve the residential environment in street blocks densely populated with old and deteriorated buildings. It was introduced in 2018 under the "Special Act on the Redevelopment of Vacant Houses and Small-scale Housing."

This general meeting will be held about a month after a residents' briefing session related to the project was held on May 15 at the Mapo listed company hall. The steering committee began collecting consent forms for the establishment of the association in February.

The project has attracted attention as it is exempt from △price ceiling on sale △excess profit recovery charges on reconstruction △resale restrictions △5-year re-winning restrictions, and is located in an area with high development potential. Additionally, the proximity to Gongdeok Station, Daehyeong Station, and Mapo Station on Subway Lines 5 and 6 makes the transportation environment favorable.

The total scale of this street housing redevelopment project is 3,971㎡ (approximately 1,201.22 pyeong), with plans for two buildings ranging from two basement floors to 15 above-ground floors, housing about 100 households including rental units.

The project area is home to various convenience and educational facilities such as Mapo Food Culture Street, Gyeongui Line Park, Children's Park, Yeomni Elementary School, and Dongdo Middle School, and medium-sized complexes like Mapo Taeyoung, Mapo Xi, and Raemian Mapo Riverwell are located nearby.

An association official said, "The so-called 'triple station area' seems to be a major attraction for association members and local residents," adding, "The fact that Daehyeong-dong is emerging as a new academy district with the nickname 'the second Daechi-dong' also acted as a positive factor for development."

The steering committee representative stated, "Based on a proportional rate of 138%, we were able to confirm high project feasibility through the consent forms collected with the serial number from Mapo District Office," and added, "We will communicate and empathize with each association member and strive to proceed with the project as quickly as possible."

This content was produced with the assistance of AI translation services.