The Ministry of Land, Infrastructure and Transport said on the 25th that, together with Incheon City, it ran a public offering and selected six sections across five districts, totaling 16,267 households, as leading districts for old planned-city renewal.
Specifically: ▲ Yeonsu·Seonhak District Section A7 (Hyundai 1st, Yeonsu Punglim 2nd, Mujigae Village, Hanyang 2nd) 4,748 units; Section A12 (Yeonsu Punglim 3rd, Choheung, Lotte) 857 units ▲ Guwol District Section B1 (Donga, Samhwan 1st, Gwanggyo Ssangyong, Punglim, Sungji, Samhwan Gwanggyo 2nd complex, Dongbu) 2,756 units ▲ Galsan·Bupyeong·Bugae District Section A3 (Uk-il, Daedong, Daejin, New Seoul, Donga) 2,958 units ▲ Gyesan District Section A5 (Kkachi Village Taehwa·Hanjin, Jakjeon Hyundai 2-1·2-2) 3,418 units ▲ Mansu 1·2·3 District Section A4 (Samik, Mansu Hyundai, Kumho Town, Jinheung) 1,530 units.
According to the Ministry of Land, Infrastructure and Transport (MOLIT), the designation shows a trend in which urban regeneration projects that began in first-phase new towns such as Bundang and Ilsan are widening through Busan and Daejeon to Incheon and spreading across major metropolitan areas nationwide. In particular, the Incheon leading-district allocation is the largest ever for a single local government, including compared with Bundang in the first-phase new towns (12,055 units) and Busan (7,318 units).
Incheon City conducted reviews of 21 sections (46,105 households) received over about eight months after starting the public offering process late last year. It selected target sites by examining, from multiple angles, the poor residential conditions, the level of resident consent, and the urgency of solving parking problems. The Ministry of Land, Infrastructure and Transport (MOLIT) and Incheon City also plan to manage market trends together to prevent real estate price instability that could occur during the project process.
Meanwhile, with the selection completed, the complexes will begin full-fledged procedures such as drawing up special maintenance plans. The Ministry of Land, Infrastructure and Transport (MOLIT) will bring together relevant agencies, including Korea Land & Housing Corporation (LH) and Korea Real Estate Board (REB), to assist the entire process from the initial stage to completion. In particular, it will open an on-site consulting desk to provide one-on-one guidance on issues residents are curious about, such as estimated cost sharing and construction contracts, and will quickly resolve contentious matters such as relocation measures through a consultative body.