Eunma Apartment, a symbol of reconstruction in Gangnam, has received approval for its project implementation plan, accelerating subsequent procedures. The association plans to hold a member sales application in the fall, followed by a general meeting for the management disposal plan at the end of the year. With a goal of relocating residents next year, the long-delayed reconstruction of Eunma is now on track.
According to the maintenance industry on July 2, the Eunma Apartment reconstruction association is preparing for the next steps to establish a management disposal plan in line with the project implementation plan approval. The association is currently conducting a comprehensive asset evaluation and plans to complete a housing survey for members this month, with member sales applications expected in the fall. A general meeting to establish the management disposal plan is targeted for the end of the year.
An official from the Eunma Apartment reconstruction association stated, "We have been preparing the management disposal process in advance in line with the project implementation plan approval. We have already applied for the comprehensive asset evaluation and plan to receive member sales applications in the fall after completing the housing survey this month."
The official added, "We will hold a general meeting at the end of the year to approve the management disposal plan and conduct reviews with external agencies. We aim to proceed with subsequent procedures without any setbacks, targeting relocation next year."
The Seoul city government announced that the approval for the Eunma Apartment reconstruction project implementation plan was completed about seven months after the announcement of the maintenance plan change decision. This approval is the first application of the 'Fast-Track Planning Season 2,' which simplifies the approval process and strengthens fair management.
Eunma Apartment, completed in 1979, is a representative aging apartment complex in the Gangnam area. Under the project implementation plan approval, it will be reconstructed into a large complex with 5,850 units across 29 buildings, ranging from six underground floors to 49 above ground, on a site area of 243,552.6 square meters. This includes 909 public rental units and 195 public sale units.
The reconstruction of Eunma Apartment passed the integrated review of the maintenance project in February this year, following the announcement of the maintenance plan change decision last November. After consultations with relevant agencies and public exhibitions, the project implementation plan was approved. The city explained that this approval shortened the standard processing time for maintenance projects by about a year.
This project also applies special zoning regulations for transit-oriented development for the first time in a private maintenance project. Public facilities such as parks, public parking lots, and an open library will be developed, along with a reservoir to prevent flooding.
The project implementation plan approval is a key step in transitioning from the establishment of the association to the preparation of the management disposal plan in reconstruction projects. It confirms the project scale, layout, architectural plans, maintenance infrastructure, and public contributions, serving as a prerequisite for member sales applications and the establishment of the management disposal plan.
Eunma Apartment aims to proceed with the project through the approval of the management disposal plan, relocation, and demolition work, targeting construction to begin in 2028. If the association completes the management disposal general meeting by the end of the year, preparations for relocation next year are expected to become more concrete.
The Seoul city government has designated Eunma Apartment as a key supply strategy project and plans to focus on managing the remaining processes. The Gangnam district office will also establish a 'Gangnam Reconstruction Acceleration Task Force' under the direct supervision of the district mayor to provide administrative support and prevent conflicts.
Choi Jin-seok, head of the Housing Office at Seoul City, stated, "The approval of the project implementation plan for Eunma Apartment, a symbol of reconstruction in Gangnam, will serve as a representative case for rapid reconstruction efforts. Seoul City will do its utmost to remove obstacles to housing supply and stabilize the housing market."
* This article has been translated by AI.
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