The Suyoo 12 district in Gangbuk-gu, Seoul, has been designated as a public housing complex in the city center.
The Ministry of Land, Infrastructure and Transport noted on the 31st that it would designate the area around Suyoo 12 district as a complex zone on August 1. The Suyoo 12 district, which has been designated as a complex zone, was previously designated as a public housing complex site on October 10 of last year.
The city center public housing complex project aims to expand the supply of dwellings in the highly preferred urban area by providing benefits such as floor area ratio and leading public initiatives in aging urban areas where private redevelopment is challenging.
The Suyoo 12 district secured the consent of more than two-thirds of the residents (more than half of the land area) and completed the district designation process by undergoing reviews by the Central Urban Planning Committee and the Central Land Expropriation Committee. In the future, it is expected to receive approval for the complex project plan in 2027 after a unified review and to begin construction in 2029, with a supply scale of 2,962 dwellings.
The Suyoo 12 district is planned to be developed as a residential community with excellent public transportation conditions, including subway lines 4 and Uiwisangseol, and natural-friendly living conditions connected to the nearby Uiwicheon.
Starting next month, the revised Public Housing Special Act will take effect, easing the property rights restrictions that have been problematic during the promotion of the city center public housing complex project.
The priority supply standard date will be rationally adjusted from the existing law's decision date to the selection date for each candidate site. Under the previous system, individuals who purchased dwellings or land in candidate sites for city center complex projects after the amendment date of the Public Housing Special Act on June 29, 2021, would not receive occupancy rights but would be compensated in cash at appraisal value. However, in the future, if land has been acquired before the announcement of candidate sites without knowledge of development information, it will provide non-cash compensation instead of cash compensation. If it is the first transaction for the relevant dwellings or land purchased by a non-homeowner, they will be able to receive allocation rights.
The processes of candidate site selection and withdrawal will also become more transparent. Previously, candidate sites were selected and withdrawn through press releases. However, through this amendment, the candidate site stages will be formalized, and the main contents of the project will be announced upon the selection and withdrawal of candidate sites to ensure residents' right to know.
Accordingly, the project will proceed in a way that secures the consent of residents after the government designates candidate sites. If the resident participation intention rate of the candidate site is over 50%, it will proceed with subsequent procedures such as designating planned districts. If the resident participation intention rate is below 50%, it will be excluded from the candidate site.
Existing candidate sites near the Gasan Digital Complex and Jungnang Station recorded a resident participation intention rate of less than 50% and decided not to proceed with the city center complex project.
The Ministry of Land will formally announce the selection of candidate sites to ensure that existing project sites, which have not yet been designated as planned districts or complex zones, can be reliably converted into legal candidate sites in line with the enactment date of the law on the 1st of next month.
Kim Bae-sung, head of the Public Housing Promotion Division of the Ministry of Land, stated, "With the implementation of the amended Public Housing Special Act, we have resolved controversies over property rights restrictions, such as rationalizing the priority supply standard date and expanding non-cash compensation, and we will activate the city center public housing complex project going forward."