With the announcement of Seondo district which will be the first to be rebuilt in the first new city (Bundang, Ilsan, Pyeongchon, Sanbon, and Jungdong in Gyeonggi-do) next week, Lee Han-jun, CEO Real Estate and Housing Korea. Corporation (LH) said, “Even if Seondo area is designated, actual projects will not be done. ” “Spaces may be limited,” he said.
In a situation where the government is racing to speed up the reconstruction of the first new city with the aim of ‘starting migration in 2026’, the head of an affiliated group responsible for establishing migration measures has a different opinion to show However, in the case of Bundang, where reconstruction is very possible, they said they would actively use idle land such as the LH Ori headquarters.
LH President Lee Han-joon speaks at a press conference held at a restaurant in Sejong City on the 21st. Provided by LH
At a press conference on the 21st, President Lee was asked a question about the 1st new city relocation plan and he said, “We have to look carefully at whether the reconstruction of the 1st new city can go ahead. normal,” and he said, “Even if. a core area is identified, the project will be promoted according to the level of the self-payment amount.” “This can be to good limited,” he said.
The government announced that it will elect and name the first new Seondo town area with a size of 26,000 households (maximum 39,000 households) within this month. By region, Bundang has the largest number of households with 8,000 households, followed by Ilsan with 6,000 households, Pyeongchon with 4,000 households, Jungdong with 4,000 households, and Sanbon with 4,000 households.
According to the government’s timetable, the building designated as a major reconstruction area will begin moving in in 2026, construction will begin in 2027, and occupancy will come in 2030. The problem is is that the steps to move for residents are still in the dark. There were concerns in the industry that if specific relocation measures were not prepared within two years, delays in the rebuilding project would be inevitable.
In this regard, President Lee said, “We are considering using Changneung New Town for Ilsan and the nearby heavy business district for Sanbon,” and added, “Relocation measures are a matter of decided after considering the amount of out-of-pocket. costs in the Seondo district.”
However, Bundang believed that there was great potential for rebuilding, and began detailed negotiations with the local government. President Lee said, “We recently talked with the mayor of Seongnam and decided to make active use of idle land such as the LH headquarters building, Hanaro Mart, and courthouse sites around Ori Station.”
Notably, the Ori head office building was not sold as LH had been trying to sell it for 14 years, but the use of the building was limited to offices. LH plans to change use by changing the area’s unit plan and providing a redesigned immigration center here. A plan to use the size of the Seongnam redevelopment project as a resettlement center is also being considered.
President Lee confirmed, “Construction of 50,000 units and approval of 100,000 units, which LH set as housing supply goals for this year, are also proceeding unabated.” Starting with Gyeyang in Incheon last September, the three new cities will be sold one by one, including Changneung in Goyang in January next year, Gyosan in Hanam in February, Daejang in in Bucheon in March, and Wangsuk in Namyangju in May.
President Lee expected the purchase and rental project to revive the non-apartment market to achieve its target this year. LH has set out a plan to build 100,000 new rental homes over two years, including 50,000 this year and 50,000 next year. President Lee said, “To date, the number of applications for new construction purchase agreements has increased fivefold compared to the previous year to 170,000 homes, 70,000 homes have passed the next study, so this year’s goal is difficult but achievable. “
However, concerns were also raised that LH’s financial burden could increase during this process. President Lee said, “Every time we buy a rental house, LH’s own money comes to more than 100 million won. 90% ” he said.
2024-11-21 08:09:00
#President #city #relocation #plan #watch #progress #reconstruction
What are the specific policy measures that could be implemented to ensure that vulnerable residents are not priced out of the reconstructed communities?
## Interview: The Future of South Korea’s First New Cities
**Introduction:**
Welcome to World Today News. Today, we delve into the complex and hotly-debated topic of the reconstruction of South Korea’s first new cities. Joining us today are two guests with diverse perspectives on this issue:
* **Mr. Kim Tae-ho**: A renowned urban planning expert and professor at Seoul National University.
* **Ms. Park Seo-yeon**: A resident representative from Bundang, a city poised for potential large-scale reconstruction.
**Section 1: The Reality of Reconstruction**
* **Host:** Mr. Kim, the government aims to kickstart migration to these newly reconstructed areas by 2026. LH President Lee Han-joon, however, expressed cautious optimism, highlighting potential limitations in moving forward. What are some of the key challenges you foresee in realizing this ambitious timeline?
* **Mr. Kim:**
* **Host:** Ms. Park, what are the hopes and concerns within the Bundang community regarding the proposed reconstruction?
* **Ms. Park:**
* **Host:** Mr. Kim, LH President Lee mentioned the utilization of existing längereiana such as LH headquarters for relocation. How sustainable and feasible is this approach, considering the vast scale of the project?
* **Mr. Kim:**
**Section 2: Relocation and Affordability**
* **Host:** A major concern for residents is the financial burden of relocation. Ms. Park, have there been any concrete discussions with LH regarding the financial implications for residents, particularly those with limited resources?
* **Ms. Park:**
* **Host:** Mr. Kim, what innovative solutions can be explored to ensure equitable relocation and prevent displacement of vulnerable communities?
* **Mr. Kim:**
**Section 3: LH’s Role and Financial Sustainability**
* **Host:** LH President Lee stated that the organization is actively pursuing large-scale housing projects to meet supply goals. However, he also raised concerns about the financial burden this places on LH. Ms. Park, how do you see LH balancing its responsibilities towards residents with its own financial stability?
* **Ms. Park:**
* **Host:** Mr. Kim, what are some alternative funding models or partnerships that could alleviate the financial strain on LH while still allowing for robust development?
* **Mr. Kim:**
**Concluding Remarks:**
The reconstruction of South Korea’s first new cities presents both exhilarating opportunities and daunting challenges. Achieving a successful outcome requires a collaborative effort from all stakeholders, including the government, LH, urban planners, and most importantly, the residents. We thank Mr. Kim and Ms. Park for sharing their insights. This discussion serves as a starting point for a broader conversation that will ultimately shape the future of these communities.
