10,000 apartments in the city center at 30-40% cheaper sales by the end of next year… Selected as 7 urban complex business sites

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Among the 157 candidate sites for the urban public housing complex project (hereafter referred to as the 'urban complex project') promoted by the government as the '2/4 measures', 7 sites including Jeungsan District 4, Eunpyeong-gu, Seoul were designated as main districts. This is the first time since the announcement of the 2·4 measures, and it means that the development project is on the right track, such as going through the business plan approval process.

In fact, nearly 10,000 housing units are scheduled to be supplied in all seven locations, and it is expected that the application will be received in advance and preferential supply to landowners by the end of next year as early as the end of next year.

The Ministry of Land, Infrastructure and Transport confirmed and announced the 'Downtown Complex Project Main District Designation Plan' containing these details on the 29th (today). The designation date for this district is the 31st. The target areas are 7 locations including Jeungsan 4 District, Eunpyeong-gu, Yeonsinnae, Yeongdeungpo-gu, Singil 2 District, Dobong-gu, Banghak Station and Ssangmun Station, east and west, and Wonmi-dong, Bucheon, Gyeonggi.

● Selected 7 sites for the '2/4 measures' urban complex project No. 1According to the Ministry of Land, Infrastructure and Transport, since the '2/4 Measures' was announced in February of this year, a total of 157 sites have been designated as candidate sites for urban development projects, including urban complex projects. If all development takes place here as expected, a total of 160,000 homes could be supplied. This is equivalent to the combined size of all three cities: Bunneung City, Pangyo New Town, and Gwanggyo New Town.

By project type, urban complex projects accounted for the most with 90,000 in 65 locations, followed by small-scale urban regeneration with 33,000 homes in 57 locations, and public redevelopment projects with 37,000 homes in 35 locations. By region, there are 100 places in Seoul (90,000 houses), 11 places in Incheon (15,000 houses), 29 places in Gyeonggi (35,000 houses), and 17 local cities (21,000 houses) in Busan and Daegu.

Among them, the urban complex project has the highest proportion of volume. Seven of the 65 candidate sites, including Jeungsan District 4, which passed the deliberation by the Central Urban Planning Committee, were designated as main districts for the first time, with a resident consent rate exceeding two-thirds.

● 4 stations near the station and 3 low-rise residential areasAmong the seven, Yeonsinnae Station, the east and west sides of Ssangmun Station, and Banghak Station are all within the station area. The other three areas, including Jeungsan District 4, Singil District 2 and Bucheon Wonmi, are low-rise residential areas such as single, multi-family, and villas.

According to the urban complex project plan announced by the Ministry of Land, Infrastructure and Transport in February, the station area is designated as a 'Residential Commercial High Density District' with a site area of ​​more than 5000 square meters. After that, the floor area ratio will be raised to a maximum of 700%, the ratio of business facilities will be relaxed, and a subway connection passage will be installed.

In this way, 427 houses will be built around Yeonsinnae Station, 409 houses at Banghak Station, 646 houses on the east side of Ssangmun Station, and 1,088 houses on the west side of Ssangmun Station.

Low-rise residential areas are areas with a site area of ​​more than 10,000 square meters and are designated as a housing supply revitalization district. In addition, various living SOC facilities will be built to increase the convenience of living.

Through this, 4,112 housing units will be supplied in Jeungsan District 4, 1326 units in Singil District 2, and 1,678 housing units in Wonmi, Bucheon.

● Pre-registration is likely to be possible at the end of next year at the earliestThe supply period for the seven housing units designated as this district is expected to be at the end of next year at the earliest. This is because Nam Young-woo, director of the Ministry of Land, Infrastructure and Transport's Public Housing Promotion Division, said in a press release, "For the area designated as the main district, we will proceed with the follow-up procedures such as design competition, construction company selection, and project plan approval without any setback, and will start the pre-order from the end of 2022."

The government's policy is to set the resident contribution for the seven places at least 30% lower than the private maintenance project, and to supply the sale price at a level of 60 to 70% of the nearby market price by applying a pre-sale price cap system.

In this case, the Ministry of Land, Infrastructure and Transport estimated that the average share of the residents would be 80 million to 240 million won, and the sale price would be 640 to 890 million won based on an 84 square meter apartment (based on exclusive area). In addition, it is expected that the number of apartments to be supplied first as compensation in kind to residents will be between 570 million and 760 million won.