Business · Companies · 18 hrs ago

Ilsan’s Baeksong Village nears first special redevelopment-zone designation

Ilsan’s Baeksong Village nears first special redevelopment-zone designation

The city of Goyang is advancing redevelopment in Ilsan New Town, an older planned district in South Korea.

Baeksong Village, one of four priority areas, has completed a city planning review and could be designated Ilsan’s first special redevelopment zone by year-end.

The plan would replace its 2,732 homes with a complex of up to 49 storeys and 3,686 homes.

The wider programme aims to improve living conditions in planned districts that are more than 20 years old and cover at least 1 million square metres.

Designation matters because the city says redevelopment can take more than 10 years, while combined reviews are intended to shorten approval times.

Baeksong’s designation still depends on addressing conditions from the review, and other areas are preparing for further planning steps.

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What people are saying

Min Kyung-seonGoyang mayor
The redevelopment of an aging planned city is not simply reconstruction; it is a project to recreate urban space that will attract young people and create new jobs.
via Yonhap
We will strengthen administrative support so redevelopment projects proceed smoothly on the basis of a reasonable master plan.
via Yonhap