Securing Seongdae Baseball Stadium Site Cuts Timeline by Over a Year... Construction to Begin in First Half of Next Year

LH Reserves Gangseo-gu Office Relocation Site and Wirye Office Land
Accelerates Supply by Streamlining Compensation Procedures such as Official Notifications and Arbitration Applications

On September 23, Korea Land & Housing Corporation (LH) announced plans to secure the site of Seongdae Baseball Stadium in Seoul and other locations using a land-reserve method. According to LH, compared to the standard compensation procedures, this approach can significantly reduce the time required for land acquisition and thereby accelerate the pace of supply.

The land reserve system allows public entities to pre-acquire land and utilize it immediately for housing supply or other needs without additional compensation or administrative steps. In the case of the general land reserve method applied this time, various procedures required during the compensation phase after the designation of a public housing project site—such as official notifications and arbitration applications—are not necessary, shortening the project period by more than one year. The reserve system is divided into public land reserves for the smooth execution of public-interest projects and long-term stabilization of the land market, and general land reserves, which LH uses to secure sites for its own projects.

Seong-Hoon Lee, President of LH (second from the right), visited the site of Seongdae Baseball Stadium in Dobong-gu, Seoul, on the 23rd to check the project status and inspect the conditions of the nearby land. Provided by LH

Previously, under the September 7 housing supply expansion plan announced last year, LH committed to utilizing idle urban land—including Wirye office land in Songpa-gu (999 units, provisional), the Gangseo-gu office relocation site (450 units), the Seongdae Baseball Stadium site (2,100 units), and the site of the former Korea Educational Development Institute (700 units)—to supply additional housing. The former Korea Educational Development Institute site will be secured via public housing project designation, while the remaining three locations are being pursued through the general land reserve method.

The Seongdae Baseball Stadium site covers approximately 48,000 square meters and is located near Dobong Station on Seoul Subway Line 1. To further accelerate the project, LH is simultaneously preparing for construction while securing the reserve. The target is to break ground in the first half of next year. In October of last year, LH signed a business agreement with Sungkyunkwan University and has since been negotiating the land purchase. Combining the Gangseo-gu office relocation site owned by Gangseo-gu and the Wirye office land owned by the Ministry of National Defense, a total of approximately 89,192 square meters of land is expected to support the supply of about 3,549 housing units.

On this day, Seong-Hoon Lee, President of LH, visited the Seongdae Baseball Stadium site to inspect the project status and assess nearby transportation and convenience facilities. He stated, "We will actively pursue the supply of universal rental housing, focusing on optimal locations preferred by actual demand such as newlyweds, to provide a wider range of residential choices."

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