Project timeline cut by 16 months; 586 units to be supplied
Resident pre-sale targeted this year, ground-breaking set for 2028
The Korea Land and Housing Corporation (LH) said Tuesday that a small-scale housing redevelopment project in the transit-oriented area around Siheung Station in Geumcheon-gu, Seoul, has become the first in the country to pass an integrated review by developing its management plan and architectural plan simultaneously.
The project is notable for applying a building-agreement-based integrated development approach. LH consolidated the small-scale redevelopment management zones of three housing associations and took on joint implementation to ensure the project's stability.
LH broke from the conventional sequential process — in which an architectural plan review follows a management plan review — by proposing a parallel planning approach to the Seoul Metropolitan Government and each association. The method significantly streamlined the permitting process, cutting the overall project timeline by about 16 months compared with the standard approach.
The project covers three zones: the Cheonrok Villa area in Siheung-dong (A1), the area around 972 Siheung-dong (A2), and the area around 973 and 974 Siheung-dong (A3). A total of 586 housing units are planned on a site of approximately 24,000 square meters.
All three zones selected Dongbu Construction as their contractor, unifying the construction schedule and maximizing project efficiency. Road-level planning and public pedestrian pathways have been incorporated into the design, and shared facilities — including an underground integrated parking garage and a joint management office — will be installed so that the three zones function as a single complex.
In addition, the existing road will be widened from 6 meters to 9 meters, and an aging daytime care center will be replaced with a new facility, as part of broader efforts to improve local lifestyle infrastructure.
Having cleared the integrated review, LH plans to hold a pre-sale for association members before the end of the year, proceed with resident relocation and demolition in 2027, and break ground in 2028.
"This marks the first case proving that permitting timelines can be effectively shortened even in small-scale redevelopment projects," an LH official said. "We will actively introduce parallel permitting procedures and expanded fund support across small-scale redevelopment projects nationwide to significantly accelerate the pace of urban housing supply."
Meanwhile, LH plans to overhaul its construction cost calculation method to reduce the financial burden on public housing construction projects. Under the new approach, the lower of an "estimated contract unit price" and a standard market price will be adopted as the design unit price, with the aim of curbing unnecessary cost increases from the design stage onward.
hwshin@heraldcorp.com