NH NongHyup Arranges Project Financing for 'Noryangjin District 1 Redevelopment' Site

Largest Redevelopment Project in Noryangjin New Town: Noryangjin District 1
Record-Setting 520 Billion Won Project Financing Agreement Signed by NH NongHyup Bank

NH NongHyup Bank, which participated as the financial arranger in the 'Noryangjin District 1 Redevelopment Promotion Zone' project, announced on September 1 that it has signed a financial agreement for 520 billion won in project financing, making it the largest single housing project financed to date. The total amount raised amounts to 620 billion won.

The Noryangjin District 1 redevelopment project is a 1.8 trillion won initiative and, with a land area of 106,152 square meters, is the largest among the nine redevelopment sites within the Noryangjin Redevelopment Promotion Zone. Through this redevelopment, a total of 2,992 apartment units across 28 buildings, along with various ancillary welfare facilities, will be supplied.

This financial support is particularly significant as NH NongHyup Bank has actively expanded its financial assistance to increase the supply of housing. The bank, based on swift decision-making, successfully provided 620 billion won in project financing and 200 billion won in relocation expenses without altering the original interest rate terms proposed in April 2026.

NH NongHyup Bank is intensively expanding its financial support for housing supply and, after completing financial arrangement work for the Noryangjin District 8 project loan (totaling 262.7 billion won) in April, plans to newly commit to over 3 trillion won in residential project finance (PF) agreements this year.

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