Mok 4-dong and Western Goeunsan Designated as Urban Public Housing Complex Zones... Transforming into Large-Scale Residential Districts

Supply of Approximately 7,000 Housing Units Expected

The areas near Gangseo High School in Mok4-dong, Yangcheon-gu, Seoul, and the western side of Goeunsan in Hongje-dong, Seodaemun-gu, have been designated as urban public housing complex districts. Large-scale apartment complexes are planned for each area, with around 4,200 and 2,500 housing units respectively, and both areas are expected to be transformed into major residential districts in the future.

On September 4, the Ministry of Land, Infrastructure and Transport announced that it has officially designated an area of 193,170 square meters, located in 772-1 Mok-dong, Yangcheon-gu, Seoul, as the Mok4-dong Gangseo High School Urban Public Housing Complex District. This decision comes three years and nine months after the area was first designated as a candidate site in 2022.

Mok 4-dong Urban Complex Project. The Asia Business Daily DB.

The urban public complex housing project is a public-led initiative to supply housing in aging inner-city areas where private redevelopment projects have stalled due to difficulties in implementation. The government acquires the land mainly through the expropriation method (with in-kind compensation).

The project site is an area densely packed with multi-household and detached houses, and the area's failure to meet the criteria for "old and deteriorated" previously led to the collapse of the New Town development plan. However, after the direction shifted to the urban complex project in 2022, the process has accelerated. In February, just 20 days after collecting consent forms, the district secured the agreement of 66.7% of landowners, meeting the threshold required to designate the area as an urban complex housing district. An additional consent rate of 50% for forming the residents' representative council was reached just 12 days later.

Going forward, a large-scale apartment complex of around 4,200 units is planned for this location. According to the previous business plan by Korea Land & Housing Corporation (LH), out of the total 4,206 units, 505 will be public rental units, 421 shared-profit model units, and the remainder will be supplied through both members' allotment sales and general sales. The residents' representative council anticipates that relocation and groundbreaking will begin in 2029, with the project expected to be completed as early as 2033.

Hwang Jaesung, the head of the Mok4-dong Urban Complex Project Promotion Committee, stated, "In response to residents' wishes, we achieved a 67% consent rate—3,300 households—within 20 days of starting the consent collection campaign." He added, "Now that the project is on track, we will work together with residents and maintain unity from compensation and relocation to completion of the development."

On the same day, the Ministry of Land, Infrastructure and Transport also designated a 114,035 square meter area around 360-6 Hongje-dong, Seodaemun-gu, Seoul, as the Goeunsan West Urban Complex District. This project site was selected as a candidate in June 2021, and a new executive committee was launched in November 2023. The area was officially designated as a planned district in December last year. The residents' representative council aims to select a builder next year and complete compensation and relocation by 2029.

Kim Eunhye, head of the Goeunsan West Urban Complex Project Promotion Committee, said, "Since this project had been stalled for such a long time, we will proceed swiftly so that residents can truly feel the progress." She added, "We will do our utmost to ensure that, according to the planned schedule, the west side of Goeunsan becomes the signature residential complex of Seodaemun-gu."

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