Housing environment improvement projects in two aging residential areas in Seoul, including Insu Peak Forest Path Village in Suyu-dong, Gangbuk District, and You and I, Our Village in Sinyeong-dong, Jongno District, will move into full swing.
The Seoul Metropolitan Government said on the 16th that it held the first Urban Planning Committee's Regeneration Subcommittee on the 14th and approved as originally proposed the urban regeneration recognition project plan (draft) for two sites selected as "Ministry of Land, Infrastructure and Transport aging residential area maintenance support project pilot project candidate sites."
This review is a procedure to finalize and launch as a statutory urban regeneration recognition project the project plans for areas selected as pilot projects by the Urban Regeneration Special Committee of the Ministry of Land, Infrastructure and Transport (MOLIT) in Dec. last year.
The Ministry of Land, Infrastructure and Transport (MOLIT) aging residential area maintenance support (formerly New Village) is a program in which, when the private sector voluntarily refurbishes dwellings in low-rise residential areas such as aging single-family home and low-rise apartment clusters where full-scale redevelopment or reconstruction is difficult, the Seoul Metropolitan Government and the central government provide a package of support for installing public infrastructure and convenience facilities and for institutional improvements.
Each area will receive support for installing infrastructure of up to 37.5 billion won over five years (22.5 billion won from the city and 15 billion won in national funds), along with various incentives such as easing floor area ratio, easing building-to-land ratio, easing on-site setback requirements, and fund loan programs.
The Seoul Metropolitan Government plans to link its own Human Town 2.0 project with the Ministry of Land, Infrastructure and Transport (MOLIT) program to energize private refurbishment of dwellings and expand public infrastructure. Human Town 2.0 is a Seoul city project that supports individual construction, such as new builds and remodeling, in low-rise residential areas where redevelopment is difficult. It includes easing building standards through designations such as special architectural zones, concentrated architectural agreement zones, and remodeling activation zones, as well as financial support such as interest subsidies.
Insu Peak Forest Path Village (around 516-21 Suyu-dong; 50,484.7 square meters) will invest a total of 18.5 billion won to promote the creation of an auto-valet public parking lot and the Gaocheon waterside park. You and I, Our Village (around 214 Sinyeong-dong; 44,071 square meters) will invest a total of 13 billion won to create a public parking lot and a shared-use complex facility, expand roads for circular movement, and establish a village management office. The city plans to complete the public notice of the urban regeneration recognition project within the year and begin design and construction in phases starting next year.
In addition, the "Yeongdeungpo Gyeongin-ro district urban regeneration activation plan amendment (draft)" was also approved as originally proposed. The amendment reflects changes made during implementation as the urban regeneration project in the Yeongdeungpo Gyeongin-ro district, promoted since 2018, wraps up next month. The number of priming projects decreased from 14 to 13, and cooperative projects decreased from three to one (private).
Through the urban regeneration project, an industrial support hub facility was established to support the machine and metal industrial ecosystem in Mullae-dong and to foster collaboration among small manufacturers. It also built an online ordering system and improved the poor pedestrian environment around Daesun Flour Mills and the Mullae Art Village.
The committee also reviewed and approved as originally proposed the "4·19 Intersection district urban regeneration activation plan amendment (draft)." As most of the urban regeneration project around the 4·19 Intersection, promoted since 2017, has been completed, this is a procedure to reflect in the plan the adjusted project scale and execution budget from the implementation process. Through this project, alleyways and the pedestrian environment were improved, and ecological and leisure spaces such as the Ui Waterside Ecological Park, a family campground, and the Azalea Forest were created.
The "Gasan-dong urban regeneration activation plan amendment (draft)" to reflect in the urban regeneration activation plan the fast-track integrated planning maintenance project (Gasan 1 and 2 districts) being promoted within the urban regeneration activation area around Gasan-dong in Guro District (33.1 hectares) was also approved as originally proposed.