Bundang Hansol 1·2·3 reconstruction project submits master plan to Seongnam, eyes December zone designation

The Bundang Hansol 1·2·3 reconstruction project — formally designated as Zone 38 of Bundang's aging planned city — has submitted its master improvement plan to Seongnam for special maintenance zone designation, marking the start of full-scale project development. The initiative is being pursued in partnership with Korea Land Trust, with which the project committee has signed an MOU.

The Hansol 1·2·3 Reconstruction Preparatory Committee said Wednesday that after filing a resident-proposed special improvement plan with Seongnam in July, it completed an action plan incorporating the city's advisory opinions and consultations with relevant agencies, and formally submitted the master plan on Tuesday.

Under the improvement plan, the existing 1,872-unit apartment complex at 110 Jeongja-dong, Bundang-gu, Seongnam — covering a zone area of 157,124.5 square meters — will be rebuilt into a large-scale complex of up to 37 above-ground floors, 18 buildings and a total of 3,447 units.

The preparatory committee and Korea Land Trust incorporated a range of specialized development concepts into the master plan. To address the shortage of community sports infrastructure in the Jeongja-dong area, the plan calls for expanded indoor sports facilities linked to a large-scale park within the complex, raising convenience for residents.

In addition, the plan establishes a green network connecting Bulgaksan, the Tancheon stream and Bundang Central Park to the complex. Pedestrian-only paths leading into the complex will feature open community facilities, creating green spaces accessible not only to complex residents but to the wider neighborhood as well.

The committee said the plan was drafted to fully satisfy the six evaluation criteria — necessity of designation, conformity with the master plan, public benefit, project appropriateness, effectiveness and completeness — set out in Seongnam's "2026 Improvement Plan Assessment and Zone Selection Guidelines."

"We carefully reviewed Seongnam's advisory opinions and reflected them thoroughly in the master plan," a Korea Land Trust official said. "We will continue to push forward the remaining zone designation procedures at pace."

Seongnam will decide whether to accept the submitted plan within 90 days. Following public notice and comment periods and consultations with the city council, the final designation of the second round of special maintenance zones is expected to be confirmed in December.

Korea Land Trust, a real estate trust company established in 1996, operates four business lines: loan-type land trusts, urban redevelopment and reconstruction projects conducted through trust arrangements, real estate investment trusts (REITs) and investment projects. The company has supplied approximately 30,000 units of apartments, officetels and other housing across major regions nationwide, and is currently advancing trust-based urban maintenance projects as project operator or project agent at 30 sites in the greater Seoul metropolitan area — including Yeouido, Gangbyeon and Heukseok — and 38 sites nationwide.