'Western District of Ssangmun Station' and 'Yeonsinnae Station' Begin Compensation Talks, Fast-Track Supply of 1,796 Homes
Relocation procedures to begin by year-end... Groundbreaking targeted for 2028
Compensation procedures for Singil 2 and Jeungsan 4 to begin next month
The “western district of Ssangmun Station” and “Yeonsinnae Station,” designated for urban public housing complex projects, are beginning compensation consultations and plan to proceed with relocation by the end of the year.
Korea Land and Housing Corporation (LH) announced on the 26th that it is moving forward with the next steps for the two project sites, with groundbreaking targeted for 2028.
The two districts were designated as candidate sites in 2021. The urban complex projects have shortened the project timelines, allowing compensation and relocation procedures to begin just five years after the projects were launched.
A total of 1,796 homes are slated to be built in the areas. By project site, 1,404 homes will be supplied in the “western district of Ssangmun Station,” and 392 in the “Yeonsinnae” district. Both are located near stations with access to regional transit networks, including Line 4, Lines 3 and 6, and GTX-A.
Following the complex districts at the western side of Ssangmun Station and Yeonsinnae, LH plans to begin compensation procedures next month for the “Singil 2” and “Jeungsan 4” districts. Including the Banghak Station complex district, where demolition began last month, LH is accelerating plans to supply 7,755 homes across six urban complex districts in Seoul.
LH also plans to open compensation contract offices near the urban complex districts and assign professionals, including judicial scriveners, tax accountants, and financial institution staff, to make compensation procedures more convenient for residents.
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An LH official said, “As compensation procedures for the urban complex districts at the western side of Ssangmun Station and Yeonsinnae are beginning just five years after the sites were selected as candidates, we will strengthen cooperation with residents and ensure that subsequent procedures proceed smoothly so that homes can be supplied quickly and reliably.”
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