LH Invests 800 Billion Won in Suwon Dangsu District 2 and Completes Project by 2026
Suwon Dangsu District 2, classified as small and medium-sized residential land among the ‘3rd new town’, has received district plan approval. This approval paves the way for the construction of a large new city in the West Suwon area, with a total of 33,000 housing units. The Ministry of Land, Infrastructure and Transport announced on the 20th that it had approved the ‘Suwon Dangsu 2nd Public Housing District District Plan’ after deliberation by the Public Housing Integration Deliberation Committee and the Metropolitan Area Maintenance Committee.
The Suwon Dangsu 2 Public Housing District Project aims to create residential, commercial, business, and public spaces in an area of 680,000 square meters, accommodating approximately 13,000 people. The project, with a budget of 800 billion won, is expected to be completed by 2026. Suwon Dangsu District 2 is part of the ‘3rd new housing site promotion plan’ announced in 2019 as part of the ‘metropolitan area housing supply plan for 300,000 housing units’. Out of the total 5,252 public housing units, 1,482 units will be supplied as ‘New: Home’ for young people and newlyweds. Pre-subscription for ‘New: Home’ will begin at the end of this year.
Compared to other 3rd phase new towns, Suwon Dangsu District 2 is classified as a small and medium-sized housing site. However, the development in connection with the nearby Dangsu District 1 will contribute to the overall growth of the area. The district also benefits from excellent access to metropolitan transportation, including the Suwon-Gwangmyeong and Gwacheon-Bongdam Expressways, National Road No. 42, and the upcoming Homaesil Station on the Bundang Line. With these transportation options, residents will be able to reach Gangnam, the main business district, in just 40 minutes.
To address traffic congestion, the ‘3rd phase new town’ principle of ‘traffic first, move in later’ will be implemented. This includes the establishment of a road connecting Seosuwon IC and Homaesil IC, as well as the expansion of National Road No. 42. Additionally, the district will prioritize the creation of green spaces. When a green axis connecting the entire district is built through Chilbosan Neighborhood Park and Dangsucheon Waterside Park, 37% of the total area will be dedicated to parks and green spaces.
The completion of the Suwon Dangsu District 2 project will not only provide much-needed housing but also contribute to the overall development and transformation of the western part of Suwon. With LH’s investment of 800 billion won, the project is set to bring significant changes to the area by 2026.
What are the key objectives of the Suwon Dangsu District 2 project in terms of improving infrastructure and amenities for the residents?
00 residents. It is a part of the larger development plan for the West Suwon area, which aims to create a new city with improved infrastructure and amenities.
Recently, LH (formerly known as the Korea Land and Housing Corporation) announced its investment of 800 billion Won in the Suwon Dangsu District 2 project. LH is a government-run organization responsible for the development of housing and land in South Korea. With this significant investment, LH aims to accelerate the development process and complete the project by 2026.
The approval of the district plan and the investment by LH are significant milestones in the development of Suwon Dangsu District 2. This project will not only provide housing for thousands of residents but also create various spaces for commercial and business purposes. The development of public spaces will contribute to the overall livability of the area.
Once completed, Suwon Dangsu District 2 will add to the urbanization and economic growth of the West Suwon area. The project aligns with the government’s vision to promote balanced regional development and provide affordable housing options for the residents.
It’s worth noting that the mentioned GloVe vocabulary resource (https://nlp.biu.ac.il/~ravfogs/resources/embeddings-alignment/glove_vocab.250k.txt) seems unrelated to the query about the LH investment in Suwon Dangsu District 2. It appears to be a text file containing a collection of vocabulary words and does not provide information about the specific project mentioned in the query.
This ambitious housing project in Suwon Dangsu District 2 demonstrates strong commitment towards addressing the growing demand for quality housing. With a substantial investment of 800B, this development is poised to improve living standards and contribute to the city’s overall growth. The projected completion in 2026 offers hope for prospective homeowners and promises to enhance the community’s profile.