An icon of Korean residential innovation since 1971, the complex will be reborn as a 2,491-unit Han River landmark rising 199.9 meters, with public parks and cultural facilities covering the equivalent of 2.5 soccer fields
Yeongdeungpo-gu has approved the project implementation plan for the Yeouido Sibeom apartment reconstruction project.
The complex will be rebuilt as a large-scale development of up to 59 stories and 2,491 units, a transformation expected to reshape the Han River skyline in Yeouido.
Completed in 1971, Sibeom was South Korea's first high-rise apartment complex of its scale — 24 buildings and 1,584 units rising 12 stories — and introduced elevators and a central heating and water supply system to the country. It is widely regarded as the complex that launched modern high-rise residential culture in Korea. Its opening also spurred a wave of apartment development across Yeouido, giving the district the residential character it retains today.
Under the approved plan, the complex at 50 Yeouido-dong — a Yeouido landmark for 55 years — will be redeveloped on a site of 109,307.8 square meters into a next-generation residential complex comprising 2,491 units (2,147 for pre-sale and 344 public rental units) across buildings of up to 59 above-ground floors (199.9 meters) and six below-ground floors, along with ancillary welfare facilities. A floor-area ratio of 399.72 percent and a building-to-land ratio of 27.28 percent will apply.
Within the zone, public contribution facilities will be newly established, including a cultural park equivalent in size to 2.5 soccer fields, roads and cultural facilities. A public pedestrian pathway through the complex will also be secured, creating ample rest and cultural spaces for local residents alongside improved residential surroundings.
Korea Asset Trust is the project developer, and the total project period is 87 months from the date of approval. Yeongdeungpo-gu has made the relevant documents available for public inspection at the Reconstruction Project Division on the fourth floor of the district office main building.
"Sibeom is a meaningful complex that opened a chapter in the history of modern residential living in Korea," a Yeongdeungpo-gu official said. "Given the symbolic importance of this project, we will continue to provide swift and proactive administrative support to ensure that subsequent procedures — including the management and disposal plan and ground-breaking — proceed without a hitch."
seouldream01@heraldcorp.com
