LH Signs Agreement for Project Implementation on Seongnam’s Largest Old Downtown Redevelopment ‘Sangdaewon 3 District’

8,700 households…the largest project among ‘2030 Circular Redevelopment Method’ businesses,

On the 24th, Seongnam Mayor Shin Sang-jin (left) and Park Hyun-geun, head of the LH Metropolitan Area Redevelopment Project Special Headquarters, are taking a commemorative photo at Seongnam City Hall. Provided by LH,
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, “LH and Seongnam City signed an implementation agreement on the 24th for the redevelopment of Sangdaewon District 3, the last and largest piece of the puzzle for Seongnam’s old downtown redevelopment. This agreement was prepared to speed up the project by designating LH as the project operator.”,
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, “Sangdaewon District 3 covers an area of 450,000 square meters and includes the construction of approximately 8,700 housing units. It is the largest single district project among the ‘2030-1, 2 phase circular redevelopment method’ projects being promoted by LH in Seongnam’s old downtown.”,
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, “Under the agreement, LH will establish resident relocation plans using public rental housing and manage the overall project as the project operator. Seongnam City plans to fully support the administrative procedures to ensure swift implementation, including project approval and management disposition plan approval.”,
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, “LH plans to sign an agreement with the residents’ representative meeting immediately after being designated as the project operator. Following this, they aim to significantly shorten the process, concurrently advancing subsequent tasks such as the selection of a construction company in 2027 and project implementation plan approval in 2028.”,
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, “The Seongnam-style circular redevelopment project is characterized by providing ‘circular housing’ for temporary residence to original residents during the redevelopment period. This approach helps increase the resettlement rate of original residents and prevents disruptions in the nearby rental market due to increased relocation demand. So far, a total of 15,000 households, including those in Dandae, Jung 3, and Sinheung 2 districts, have completed occupancy through this method.”,
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