2,200-unit project by Daewoo Engineering & Construction and Dongbu to rise on 100,819-square-meter site; largest in Sanggye Revitalization District
Zones 4 and 6 complete, Zone 1 under way; Zone 2 approval adds momentum
Land Minister Hong Ji-sun visits site, discusses easing park and green-space standards
The Sanggye Zone 2 redevelopment project — the largest in the Sanggye Revitalization District in Seoul's Nowon-gu — has received management and disposal plan approval, clearing the way for residents to begin relocating.
The approval adds momentum to a broader push to overhaul aging residential neighborhoods, with Zones 1, 3, 4, 5 and 6 also advancing through various stages of the redevelopment process.
Nowon-gu announced Wednesday that it approved the management and disposal plan for the Sanggye Zone 2 redevelopment project on Tuesday.
The project will build 2,200 apartment units on a 100,819-square-meter site near Buramsan Station on subway Line 4. It received implementation plan approval in 2021 and will be jointly built by Daewoo Engineering & Construction and Dongbu Construction.
With the approval in place, the redevelopment association can now move forward with relocation and demolition procedures. The district plans to minimize disruption to residents during the relocation process while simultaneously pursuing amendments to the revitalization plan to improve the project's financial viability.
On Friday, Minister of Land, Infrastructure and Transport Hong Ji-sun visited the Sanggye Zone 2 site to review progress and discuss ways to accelerate housing supply. Nowon-gu District Mayor Seo Jun-o, Korea Real Estate Board President Lee Hyeon-uk, officials from the Korea Housing and Urban Guarantee Corporation, and representatives from the association and contractors also attended.
"Housing supply only becomes real to people when it actually leads to ground-breaking and completion," Hong said. "Sanggye Zone 2 is eligible for tax benefits if it breaks ground quickly under the Aug. 13 rapid housing supply measures, so we will push ahead with follow-up steps without delay."
District Mayor Seo welcomed the government's commitment to supporting redevelopment projects and called for additional measures, including relaxed standards for securing parks and green spaces, more realistic pricing for the acquisition of public rental housing, and improved conditions for relocation loans — all aimed at boosting project viability and reducing the financial burden on association members and residents.
The Sanggye Revitalization District covers roughly 599,000 square meters across the Sanggye 3 and 4-dong areas, divided into six zones. The goal is to redevelop aging residential neighborhoods around Suraksan and Buramsan to improve living conditions and the urban landscape.
Zones 4 and 6 have already completed redevelopment and residents have moved in, while Zone 1 is currently in the relocation phase. Zone 2's approval gives the overall project fresh impetus. Zone 5 is preparing to seek implementation plan approval, and Zone 3 is being pursued through a public redevelopment model.
Since the launch of the ninth elected-term administration, Nowon-gu has formed a rapid reconstruction and redevelopment task force and strengthened public-private cooperation and expert support systems. The district monitors progress across individual projects, expands on-site administrative support, and identifies regulations that hinder project viability — flagging them to the Seoul Metropolitan Government and the central government for reform.
"The management and disposal plan approval for Sanggye Zone 2 marks meaningful progress for the entire Sanggye Revitalization District," District Mayor Seo said. "We will focus our efforts on field-centered administrative support and regulatory reform to improve residents' living conditions and ensure a smooth housing supply."
seouldream01@heraldcorp.com
