'Oh Se-hoon Style Moa Town' Additional Contest Begins... Around 20 Selected in October

Additional Call for Proposals to Discover Moa Town Target Sites July 7 - September 5

[Asia Economy Reporter Hwang Seoyul] The Seoul Metropolitan Government is starting to recruit additional sites for the 'Oh Se-hoon-style Moa Town,' a project that groups aging low-rise residential areas into large apartment complexes. Following the selection of 21 sites in the first public contest last month, about 20 more sites will be selected and announced in October.

The city announced on the 7th that the '2022 Moa Town Additional Site Public Contest' will be held for 60 days from the 7th to September 5th. 'Moa Town' is a district-level redevelopment method that renovates aging low-rise residential areas under 100,000㎡ where large-scale redevelopment is difficult, supplying quality housing and expanding convenience facilities. Within Moa Town, 'Moa Housing (small-scale housing maintenance projects)' can be promoted through joint development on a block basis (over 15 million㎡).

During the contest period, each autonomous district will gather residents' opinions and identify 'Moa Town' candidate sites requiring renovation of aging housing and infrastructure, then apply to the city within the period. After review by the selection committee, the final sites will be selected and announced.

Eligible sites for participation in the 'Moa Town' contest are general residential areas under 100,000㎡ with more than 50% aging or deteriorated buildings.

To minimize resident conflicts arising from overlap with large-scale redevelopment projects, areas currently applying for or undergoing projects such as ▲Rapid Integrated Planning Private Redevelopment ▲Public Redevelopment ▲Urban Public Housing Complex Projects are excluded from the contest. However, areas rejected from these project contests before the Moa Town application deadline may apply after review by the autonomous district. ▲Maintenance zones and planned maintenance zones (housing environment improvement projects are eligible) ▲Reorganization promotion districts (preservation areas are eligible) ▲Urban development zones are also ineligible for the contest.

The selection method for 'Moa Town candidate sites' involves selecting areas scoring 70 points or higher in evaluations submitted by autonomous districts and deemed appropriate by the relevant department, followed by review by the selection committee. Evaluation criteria include ▲Collective promotion status (20 points) ▲Alignment with site purpose (60 points) ▲Urgency of renovation (20 points) ▲Additional points (10 points), with a total score of 70 or above required for final evaluation.

Once selected, the respective autonomous district will establish a management plan, and the city will designate the site as a Moa Town after procedures such as public inspection and integrated review. The cost for plan establishment will be supported by approximately 200 million KRW per site from the city budget secured next year. The support range for plan establishment costs will be determined considering the site area within 70% of the total support amount according to the city-district matching ratio stipulated in related ordinances.

To block speculative demand such as share splitting, the city plans to announce the rights calculation reference date as the first official notification day after the contest results are announced. Landowners who fail to obtain a construction start report by the designated date will be subject to cash compensation if Moa Housing is implemented on their plots later. Even if the construction start report is obtained, ownership must be secured before the approval of individual Moa Housing association establishment to be eligible for allocation.

If a Moa Town is not designated within two years from the rights calculation reference date or if plots are excluded from the Moa Town planning area, the rights calculation reference date will automatically expire.

Detailed information about the contest can be found on the 'Seoul Metropolitan Government website (Notice & Announcement section).'

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