The 'Yuwon Jeil 2nd' apartment complex in Dangsan-dong 5-ga, Yeongdeungpo District, Seoul, has received approval for its redevelopment project. The association plans to select a construction company in the second half of this year and aims to expedite the project with relocation scheduled for the second half of next year.

Expected perspective of the reconstruction of Yuwonjeil 2nd in Dangsan-dong 5 Ga, Yeongdeungpo-gu, Seoul. /Courtesy of Now Dongin Architects
Expected perspective of the reconstruction of Yuwonjeil 2nd in Dangsan-dong 5 Ga, Yeongdeungpo-gu, Seoul. /Courtesy of Now Dongin Architects

According to the maintenance industry on the 14th, the Yuwon Jeil 2nd redevelopment maintenance project association obtained permission for project implementation from the Yeongdeungpo District Office on the 13th.

The Yuwon Jeil 2nd apartment complex was completed in September 1984, making it over 40 years old. The Yuwon Jeil 2nd redevelopment is a project that plans to build three underground levels and 49 above-ground stories, including seven residential buildings with 703 households and community facilities, on a 28,654.1 square meter area in Dangsan-dong 5-ga, Yeongdeungpo District, Seoul. The building coverage ratio is set at 21.81%, and the floor area ratio is set at 299.99%.

The Yuwon Jeil 2nd redevelopment project was designated as a maintenance area in 2015 and received approval for the establishment of the association three years later in 2018. Subsequently, it passed the building review in 2023 and obtained permission for project implementation this year.

The association plans to select a construction company in the second half of this year and aims to quickly proceed with management and relocation approvals in the following year.

Hong Seung-ho, the chairman of the Yuwon Jeil 2nd redevelopment association, noted, "The complex is located within 350 meters of Dangsan Station on subway lines 2 and 9, making it a prime location. There are only a few places in the residential area of the SuNam region that have apartments, and the Yuwon Jeil 2nd falls under this category, with a possibility of river views from higher floors, enhancing the project's viability."

Chairman Hong further stated, "We plan to expedite the project and select a construction company in the second half of this year," adding, "We hope many construction companies will participate in the bidding."

In the maintenance industry, Daewoo E&C has been noted as a construction company showing interest in the construction rights for the Yuwon Jeil 2nd redevelopment. An official in the maintenance industry mentioned, "Daewoo E&C has been more active than other construction companies even before the bidding for the Yuwon Jeil 2nd redevelopment."