Nowon Approves Sanggye 2 District Management and Disposition Plan; Relocation Begins for 2,200-Unit Redevelopment

Largest Project in Sanggye Renewal Promotion District... Land Minister Also Visits Site

Nowon District in Seoul said it approved the management and disposition plan for the Sanggye 2 District redevelopment project on November 3. The project is the largest in the Sanggye Renewal Promotion District. With the approval, follow-up procedures, including the relocation of union members and demolition of existing buildings, will move forward in earnest.

Nowon District Mayor Seo Juno explains the site to Hong Jiseon, Minister of Land, Infrastructure and Transport (front row, left), in the Sanggye 2 District on the 30th of last month. Photo provided by Nowon-gu.

The Sanggye 2 District project will build 2,200 apartment units on a 108,019-square-meter site near Buramsan Station on Subway Line 4. It received approval for its project implementation plan in 2021, and a consortium of Daewoo Engineering & Construction and Dongbu Corporation is handling construction. The district plans to support the relocation process while also pursuing changes to the renewal promotion plan to improve project feasibility.

On October 30, Minister of Land, Infrastructure and Transport Hong Jiseon visited the site to review the project's progress. Those attending included Nowon District Mayor Seo Juno, Korea Real Estate Board President Lee Hyun-wook, Korea Housing & Urban Guarantee Corporation (HUG) Corporate Finance Office Head Park Chandong, Sanggye 2 District redevelopment association head Kim Jin, and representatives of the construction companies.

“People will feel the impact of housing supply only when it leads to actual construction starts and completions,” Minister Hong said. “Sanggye 2 District is eligible for tax benefits if construction starts promptly under the August 13 plan for accelerating housing supply. We will also speed up follow-up measures and work to ensure the policy has a tangible impact.”

Mayor Seo expressed appreciation that some of the institutional improvements proposed by the district had been included in the August 13 measures. He also requested additional support, including easing the standards for securing parks and green spaces, making the acquisition price of rental housing more realistic, and improving conditions for relocation loans.

The Sanggye Renewal Promotion District is a project to redevelop 599,000 square meters in Sanggye-dong 3 and 4, divided into six zones. Residents have moved into Zones 4 and 6, while relocation is underway in Zone 1. Zone 5 is preparing to seek approval for its project implementation plan, and Zone 3 is proceeding as a public-led redevelopment project.

“Approval of the management and disposition plan for Sanggye 2 District marks meaningful progress for the entire Sanggye Renewal Promotion District project,” Mayor Seo said. “We will focus our efforts on on-site administrative support and institutional improvements to improve residents’ living conditions and ensure a smooth supply of housing.”

Location map of Sanggye 2 District. Provided by Nowon-gu.

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