Korea Land & Housing Corporation (LH) said on the 8th it will supply dwellings on idle sites in the city center, including the Sungkyunkwan University baseball field, through a public housing project with private-sector participation.
Under the Sept. 7 measures last year, LH is moving forward with supplying public housing for 4,000 households on idle sites in central Seoul, including ▲ the Sungkyunkwan University baseball field ▲ Wirye office land ▲ the former Korean Educational Development Institute (KEDI) site ▲ public facilities in Gangseo-gu.
LH will apply the public housing project with private-sector participation to develop idle sites at the Sungkyunkwan University baseball field and the Wirye office land, which have excellent conditions for starting construction.
The private-participation project is implemented jointly by LH and private construction companies. It can actively adopt private-sector technologies and the latest design trends, and by efficiently promoting design and construction simultaneously, the project can move forward quickly.
A call for bids for the private-participation project for the Sungkyunkwan University baseball field site was issued on the 7th, and a call for the Wirye office land site is planned for mid-month.
Starting with the call for bids in April, LH plans to select a project operator in June, complete approval procedures for the dwellings project plan within the year, and proceed with follow-up steps with a goal of breaking ground in the first half of 2027.
Before the call for bids, LH signed a business agreement with Sungkyunkwan University in Oct. last year and has been accelerating development of the Sungkyunkwan University baseball field site. The site is a prime transit-adjacent location near Dobong Station on Line 1 and Suraksan Station on Line 7. Considering strong demand among nearby young people, 391 of the 2,100 total dwellings to be supplied will be pursued as youth-specialized housing.
In addition, LH plans to sign a land sale contract in the first half of this year with the Ministry of National Defense, which owns the Songpa-gu "Wirye office land" project site. The Wirye office land has an excellent location with Geoyeo Station (Line 5) within a 500-meter radius, and 999 dwellings will be supplied there.
For other idle sites, LH is proceeding with related procedures with a goal of starting construction in 2028. In Oct. last year, using the former Korean Educational Development Institute (KEDI) site, LH proposed designating the approximately 60,000㎡ (700 dwellings) "Seoul Yangjae Public Housing District" in Umyeon-dong, Seocho-gu, Seoul (administrative dong Yangjae 1-dong) and is pursuing follow-up procedures. For the "Gangseo-gu public facilities site," consultations are underway with related departments, including the local government, to enable an early start of construction.
Oh Joo-heon, head of LH's Public Housing Division, said, "As we are implementing a private-participation project that can add private-sector technology to idle sites in prime locations in central Seoul, we will continue the related procedures so that high-quality public rental housing can be supplied as soon as possible."