City and Economy Representative Song Seung-hyun selected the area of interest near Yeongdeungpo Station in Yeongdeungpo-gu and Singil 2, 4 and 15 districts as the areas of greatest interest among 21 candidate sites for the’city center public housing complex development project’ (public complex project) announced by the government. Among the 16 secondary candidate sites for public redevelopment, Cheonho A1-1 in Gangdong-gu and Dongjak-gu main-dong, which are close to the Han River, were selected as potential development areas.
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“Excellent location, Gasan Digital Station, Chang-dong… It will be hilarious”
On the 4th, CEO Song appeared on the E-Daily YouTube channel’Bokdeokbang Reporters’ and analyzed the location of candidates for public-led development and unveiled their future prospects.
First, the area near Yeongdeungpo Station, which CEO Song evaluated as the “best” location among candidate sites for public complex projects, is the largest among the candidate sites for development of the station area, with an area of 95,000m2. If the old Shingil 2, 4, and 15 districts are developed, a total of over 7300 new apartments can be built. It is evaluated that the value will rise vertically if the rear of Yeongdeungpo Station, which had not progressed in development after passing the Seoul Subway Line 1 overland railway, and the Singil District, which was neglected after the release of the New Town District seven years ago, are completely changed. CEO Song said, “Yeongdeungpo is passed by KTX, and Shingil is close to Yeouido as it has excellent transportation network and is close to Yeouido, so it is highly valued.”
The station area project area near Yeonsinnae Station in Eunpyeong-gu (area 8160㎡) and Gasan Digital Station in Geumcheon-gu (51,497㎡) were also noted as places of interest. Yeonsinnae Station, a transfer station for Lines 3 and 6, was difficult to develop due to its low business potential with the existing urban plan, and the vicinity of Gasan Digital Station is an isolated place that has been restricted to the altitude limit for more than 40 years on the flight route of Gimpo Airport and is blocked by the Southern Ring Road. CEO Song pointed out that “Yonshin Station is well equipped with G-Valley and other jobs in the vicinity of GTX-A, which improves transportation and is connected to the development of low-rise residential complex in Bulgwang-dong.”
Regarding the candidates for the Chang2-dong Community Center in Chang-dong, Dobong-gu, Dobong-gu, which is a semi-industrial area, “Seoul Mayor Oh Se-hoon, a strong candidate for the power of the people, promised to make Chang-dong the fourth city after City Hall, Gangnam, and Yeouido.” Is a good business place.”
He said, “If these projects are successful, the prices of surrounding houses will inevitably be upset,” he said. “The ransom price for key apartments, multi-family houses with anticipation for development, and detachable houses that can be improved will increase.”
“Public redevelopment, the best location along the Han River… There is a high likelihood of a successful business.”
As the criteria for evaluating the location of candidate sites for public redevelopment, △view of the Han River △connection to the city center △scale, etc. were suggested.
Candidates for viewing the Han River are Cheonho A1-1 in Gangdong-gu, Bon-dong in Dongjak-gu, and Geumho 23 district in Seongdong-gu. CEO Song said, “The price of a house in Seoul depends greatly on whether or not you can see the Han River.” “In the case of public redevelopment, the building is elevated as a floor area ratio incentive, so the number of households with a view of the Han River increases.
Areas with high urban connectivity were Hongeun 1 and Chungjeong-ro 1, Seodaemun-gu, and 1169 Sungin-dong, Jongno-gu. Jangwi District 8 and 9 in Seongbuk-gu, where a total of 2687 households can be built, and Singil District 1 in Yeongdeungpo-gu, where 1510 households can be supplied, were selected as excellent in terms of scale.
CEO Song advises that end users should pay more attention to public redevelopment rather than public complex projects. This is because it is judged that there is a higher possibility of promoting public redevelopment projects. He said, “It would be better to expect the volume of public redevelopment areas with a high union consent rate rather than a public complex project made by local governments without the consent of the residents,” he said.