The Ministry of Land, Infrastructure and Transport said that Sanggye Madeul and Hagye Complex 5 in Nowon-gu, Seoul, where a pilot project to rebuild aging public rental housing is underway, are expected to allow residents to move back in 2029.
On the 19th, the Ministry of Land, Infrastructure and Transport released a Q&A on the rebuilding of aging public rental housing and announced this year-by-year implementation plan. In addition to Sanggye Madeul and Hagye Complex 5, Junggye Complex 1 will seek project approval in 2026, and Gayang Complex 7 in Gangseo-gu and Suseo Jugong Complex 1 in Gangnam-gu will seek project approval in 2027, aiming for completion and re-occupancy within four to five years.
Through the recent Sept. 7 housing supply plan, the government announced it would push to rebuild aging public rental dwellings in central Seoul with an additional floor area ratio of 500%. By rebuilding public rental dwellings such as permanent rentals in prime locations including Gangnam-gu, Gangseo-gu, and Nowon-gu in Seoul, it plans to break ground on 23,000 units by 2030.
In particular, it announced a plan to rezone permanent rental apartments in Seoul and elsewhere from Type 2 or 3 general residential to Type 3 or quasi-residential, then secure up to a 500% additional floor area ratio for high-density rebuilding.
Since last year, Sanggye Madeul and Hagye Complex 5 in Nowon-gu, where pilot projects are underway, have been at the relocation stage after project approval. Construction will start early next year, making completion and re-occupancy possible in 2029. They will additionally create 193 long-term jeonse units and 696 long-term jeonse units, respectively, with no units for sale.
Junggye Complex 1 is also preparing for project approval in 2026. Excluding 882 units for existing residents, authorities believe they can add 488 public sale units and plan to supply them in 2028 under the presale price cap system.
Starting in 2027, the project will be accelerated, focusing on areas in Seoul with clusters of permanent rental complexes, including 3,899 units in Suseo, Gangnam-gu, and 3,235 units in Gayang, Gangseo-gu.
The ministry said, "We plan to begin reconstruction at a pace of about three complexes per year," adding, "From project plan approval to resident relocation, new housing construction, and move-ins, it is expected to take about four to five years."
During the reconstruction period, existing residents will receive temporary housing support to move into vacant units in nearby public rental dwellings or into purchased rental housing. The plan is to use the completed rebuilt complexes to sequentially accommodate residents of the next complexes slated for rebuilding, so there are no issues with residential stability.
To that end, in the second half of this year it will form and operate a "Reconstruction Relocation Measures Task Force (TF)" and draw up detailed relocation plans for each complex starting in the first half of next year.
Existing residents will be given priority for re-occupancy. However, the rent level has not been decided. The Ministry of Land, Infrastructure and Transport is conducting a study titled "Research on the rent system for the maintenance project of aging public rentals" through November, and will decide based on the results. Currently, the rent for permanent rental dwellings is about 30% of market prices.
The ministry said, "Given that most residents of existing rental housing are from vulnerable groups, we will move forward in a way that minimizes the burden upon re-occupancy."
It added, "Newly supplied rental housing will be provided as integrated public rental housing to establish a base for middle-class residents while also promoting housing stability for vulnerable groups, including existing residents of permanent rental dwellings," and said, "In complexes where public rentals and public sales are supplied together, they will be operated as a 'social mix' that blends rentals and sales within the same building."