LH, DL and Samsung Consortium Sign Agreement for Jeungsan 4 District Urban Complex Project

3,509 Units to Be Supplied Near Jeungsan Station
Relocation to Begin in Second Half; Construction Targeted for 2028

Korea Land and Housing Corporation (LH) announced on May 27 that it has signed a business agreement with the "DL E&C and Samsung C&T Consortium," the project participant for the Jeungsan 4 District Urban Public Housing Complex Project.

Jeungsan 4 District is located adjacent to Jeungsan Station on Subway Line 6, Bulgwangcheon Stream, and Banhong Mountain. A total of 3,509 residential units are planned for supply across buildings ranging from 6 underground floors to 42 above-ground floors. In December last year, following a resolution by the residents' council, the "DL E&C and Samsung C&T Consortium" was selected as the preferred negotiation partner.

Perspective view of Jeungsan 4 District Urban Public Housing Complex Project. Provided by DL E&C

Based on the agreement, LH plans to proceed with follow-up procedures together with DL E&C and Samsung C&T Consortium, aiming to begin construction in 2028. LH will begin the compensation and relocation process from the second half of this year, while the project participant will apply for approval of changes to the complex project plan within the year.

With this, LH has now completed business agreements with project participants for all six urban complex development projects currently underway in Seoul's city center, covering approximately 8,000 housing units. LH also plans to accelerate the participant selection process for additional projects, including the Yongma Tunnel District (551 units), which is scheduled for public recruitment this month, as well as other projects in the second half of the year.

Park Hyungeun, Head of LH Metropolitan Urban Renewal Special Headquarters, stated, "We will maximize the benefits of the urban complex development projects and swiftly implement necessary institutional improvements to ensure the uninterrupted supply of high-quality public housing in the city center."

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