▲ Aerial view of Yeongdeungpo Station station area project site and development (draft) 


21 first candidates for the urban public housing complex project in downtown Seoul, the core of the second and fourth supply measures, have been announced.



The supply of 25,000 households is being promoted to 21 locations including Geumcheon-gu, Dobong-gu, Yeongdeungpo-gu, and Eunpyeong-gu, station areas and semi-industrial areas.



Geumcheon, Dobong, Yeongdeungpo, and Eunpyeong 21 locations were selected as the first candidates for the urban public housing complex project.



In Geumcheon-gu, the Gasan Digital Complex station area was selected, and in Dobong-gu, 7 locations were selected, including the vacation station area and Chang-dong completed industrial area.



In Yeongdeungpo-gu, four were included, including the Yeonsin-nae station area, and nine in Eunpyeong-gu, including the Yeonshinpo station area and the low-rise residential area in Singil-dong.



These candidate sites will be designated as planned districts around July with the consent of more than 10% of the land owners, and projects will be confirmed if at least two-thirds of the land owners agree within one year of the proposed district.



When the project is completed in these 21 locations, the Ministry of Land, Infrastructure and Transport predicted that 25,000 households would be supplied.



The Ministry of Land, Infrastructure and Transport predicted that the number of households will increase by 341 households and the landlord's profits will increase by 30 percentage points, compared to when private development was promoted by easing regulations and donations to these 21 sites.



The urban public housing complex project is a core policy of the 2nd and 4th supply measures led by Minister of Land, Infrastructure and Transport Byun Chang-heum.



The Ministry of Land, Infrastructure and Transport plans to block speculation by investigating unusual transactions in places designated as planned districts.



In addition, we plan to select and announce additional candidates several times by July.



(Photo = Provided by the Ministry of Land, Infrastructure and Transport, Yonhap News)