Dobong-gu Approves First Association Establishment for Moatown in Chang 3-dong
Block Housing Redevelopment at 522-19, Chang 3-dong
New Construction of 317 Apartment Units Planned
Dobong-gu in Seoul (headed by Mayor Kim Dongwook) announced on September 30 that it had approved the establishment of the first association for a block housing redevelopment project in the Moatown district, located at 501-13, Chang 3-dong, on September 23.
The newly approved site is in District 1-2 of Moatown, encompassing 522-19, Chang 3-dong. This area will see the construction of a complex with 317 apartment units, including 53 rental units, across two basement levels and up to 25 floors above ground.
Moatown is a project managed by the Seoul city government, where small-scale housing redevelopment projects (known as "Moa Housing") led by owners in low-rise residential areas—difficult to redevelop on a large scale—are grouped on a block-by-block basis, and public facilities are supported.
Chang 3-dong is known as a representative low-rise, aging residential area, where single-family and multi-family houses are densely clustered, semi-basement units are common, and over 80% of buildings are more than 20 years old, making phased redevelopment urgently needed.
The area around 501-13, Chang 3-dong was selected as a Moatown target site in 2024, with the management plan approved and announced in August last year. Covering a total area of 47,933.7 square meters, the project will be carried out by dividing it into three associations under the management plan, with an estimated supply of about 1,261 units.
The business feasibility was improved in two stages. The zoning was upgraded from Category 2 General Residential (up to 7 floors) to Category 3 General Residential, which increased the floor area ratio from 250% to 300%. In addition, after the approval and announcement of the amended management plan in May, the business feasibility adjustment coefficient was applied, reducing the burden of constructing rental units.
Hot Picks Today
"Falling Asleep Instantly in Bed"...Is a Nightly Pattern a Warning Sign for Your Health?
- Where Have All the 'Finished Today's Workout' MZs Gone?... 6 Out of 10 Men in Their 30s Are Obese
- "Eat and Play All Day for Just 20,000 Won"... Rise of 'Chinese Gatherings' Spreading by Word of Mouth
- Cracked Underground Parking Lot... Residents Protest: "4-Meter Giant Piles Damage Apartment Foundation"
Mayor Kim Dongwook stated, “With the establishment of the association for the area around 522-19, Chang 3-dong, we will do our utmost to complete association establishments for the remaining districts within this year so that the Moatown project can proceed swiftly.”
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.