Seoul Selects Seven Moa Town Sites Including Gaebong-dong and Jamsil-dong...Plans to Start Construction on Over 10,000 Units Annually

Seven Selected Out of Fifteen Applicants
Close Public Support Throughout the Entire Project Process

The Seoul Metropolitan Government announced on the 27th that, based on the results of the Moa Town Selection Committee with participation from Seoul Housing and Communities Corporation (SH), a total of seven locations, including Gaebong-dong in Guro-gu and Jamsil-dong in Songpa-gu, have been finally selected as Moa Town project sites.

Moa Town and Moa Housing are redevelopment schemes for aging low-rise residential areas where new and old buildings are intermingled. Introduced in 2022, they are housing supply projects currently being promoted at 122 locations as of January this year.

Since the introduction of the system, the city has implemented, for the first time in the country, a scheme that includes a loss compensation system to prevent conflicts arising from tenant relocation, and legal grounds for integrated deliberation to support the projects, all established through municipal ordinances. Last year, through measures to promote Moa Housing, the city significantly improved project conditions by applying project feasibility adjustment coefficients and preparing financial support measures for Moa Housing. In November last year, the city held a public call for Moa Town public management project sites with SH participation, through which the current project sites were selected.

A total of 15 locations applied for this call, and the committee finally selected seven sites after comprehensively considering residents' willingness to participate, project conditions such as building regulations, the urgency of each project, and the effectiveness of each project.

For the newly selected Moa Town public management sites, SH will directly support the establishment of management plans and the formation of cooperatives, and will participate in the entire process up to joint project implementation after the cooperatives are established, thereby strengthening project feasibility. Previously, in 2023, SH promoted public management projects for six pilot Moa Town sites, and it is currently promoting public management projects for four Moa Towns selected through the 2024 call.

In addition, by omitting the "pre-consultation on appropriate district designation" procedure that had been required under the previous resident-proposal method and immediately commencing the formulation of management plans, project efficiency is expected to improve. Benefits will include expanding the project area (from 20,000 square meters to 40,000 square meters), easing the required ratio of rental housing to be donated in kind in line with an upgrade of land use zoning (from 50% to 30%), and providing low-interest project financing. SH plans to select firms for the preparation of management plans within the first half of this year, hold briefing sessions for residents, and present detailed directions for implementing the public proposal model.

Choi Jinseok, Director-General for Housing at the Seoul Metropolitan Government, said, "We will mobilize all available public support where it is needed to expand the housing supply, and we will proactively block speculation to protect genuine end-users," adding, "We are preparing to establish a stable housing supply pipeline so that the construction of more than 10,000 Moa Housing units can begin every year."

This content was produced with the assistance of AI translation services.