Reconstruction of South Korea’s First New Metropolis Set to Start in 2027

[앵커]

Hiya everybody. It is 9 o’clock on Could twenty second.

The primary reconstruction of the primary new metropolis, created by the development of two million properties by the Roh Tae-woo administration, will start in 2027.

The redevelopment undertaking is being promoted in accordance with a particular regulation enacted on the finish of final 12 months, and the analysis requirements that decide the place the rebuilding of a brand new metropolis will start have been printed immediately (twenty second).

First information, that is reporter Oh Dae-seong.

[리포트]

A village in Bundang, Seongnam-si, Gyeonggi-do.

There are roughly 800 condominium complexes, all of that are of their thirtieth 12 months of completion.

Banners selling reconstruction are hung all through the condominium advanced.

[박영진/분당 A마을 통합재건축 추진준비위 부위원장 : “주차난도 있고, 또 한 가지는 배관들이 많이 낡아서 배관이 터져서 아랫집과 윗집 간의 분쟁이 일어나는… 재건축을 해서 좀 새것이 되면 그런 부분들이 주민들의 생활 편익을 높이거나….”]

In that respect, among the many 290,000 households within the first part of the brand new city, the variety of homes constructed for greater than 30 years will improve from 67% this 12 months to 94% in two years. Seondo District’, which can be a mannequin for reconstruction.

The usual is 8,000 households in Bundang, 6,000 households in Ilsan, and 4,000 households every in Pyeongchon, Jungdong, and Sanbon, for a complete of 26,000 households.

Right here, native governments can add as much as 50% of the bottom quantity, growing the quantity to a most of 39,000 items.

[박상우/국토교통부 장관 : “(올해 선도지구는) 전체 정비 대상 주택의 10%에서 15% 수준이 될 것으로 예상됩니다. 내년 이후에도 매년 일정 물량을 선정하되 향후 시장여건을 보아 필요 시 선정 물량과 인허가 물량을 조정하고….”]

When all native governments put together competitors pointers subsequent month, the competitors will start, and after receiving and evaluating proposals, the main space can be chosen in November.

The purpose is to begin building in 2027 and transfer in in 2030, six years later.

The Seondo space is of nice curiosity to rebuilding complexes as it will possibly obtain advantages first, akin to exemption from security inspection and rest of flooring space ratio.

In a scenario the place building prices are hovering and the true property market is shrinking, the success of the primary part of rebuilding a brand new city is predicted to be decided by the designation of a flagship space and whether or not it goes easily.

That is Oh Dae-seong from KBS Information.

Cinematographer: Kim Jae-hyun, Lee Ho/Video Modifying: Jang Soo-kyung/Graphics: Kim Seong-il