Seoul to Designate 6 Rapid Integrated Planning Candidate Sites as "Land Transaction Permit Zones"

Six Redevelopment Candidate Sites Designated to "Curb Speculation"

The Seoul Metropolitan Government will newly designate six areas selected as candidate sites for housing redevelopment under its Rapid Integrated Planning program as land transaction permit zones. The measure aims to prevent expectations of development at the candidate sites from fueling speculative transactions and to establish a foundation for the stable implementation of redevelopment projects.

Location of Adjusted Land Transaction Permit Zones. Seoul Metropolitan Government

The Seoul Metropolitan Government announced on November 15 that it had held the 13th Delegated Subcommittee of the Urban Planning Committee and approved the new designation of land transaction permit zones for candidate sites under its Rapid Integrated Planning housing redevelopment program, as well as adjustments to the boundaries of existing zones. The new designations will be in effect from November 24, 2026, through January 28, 2028.

The six areas newly designated are one each in Geumcheon-gu, Dobong-gu, Yeongdeungpo-gu, Gangdong-gu, Eunpyeong-gu, and Dongdaemun-gu. The boundary of the land transaction permit zone around the existing Rapid Integrated Planning housing redevelopment candidate site in the area around 979 Doksan-dong, Geumcheon-gu, will also be adjusted to reflect changes to the project area.

In land transaction permit zones, prior approval from the head of the relevant district office is required to enter into a contract to transfer or establish, for consideration, ownership of or surface rights to land exceeding a specified area. The area thresholds for requiring approval are more than 6 square meters in residential areas, more than 15 square meters in commercial and industrial areas, and more than 20 square meters in green areas. Land for which approval has been granted must be used for the approved purpose, such as actual residence or business operations.

Myung Nojun, head of the Seoul Metropolitan Government's Housing Office, said, "By linking the selection of Rapid Integrated Planning candidate sites with the designation of land transaction permit zones, we will proactively prevent speculative demand from flowing in and ensure that redevelopment projects proceed stably."

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