Separately from the government's announcement of a new residential district plan to supply 37,000 households in the Gochon-eup area (Gimpo Ara), Gimpo-si, Gyeonggi-do, it was found that 25 urban development projects are being promoted in Gimpo City.
According to Gimpo City on the 11th, the size of housing supplied through 25 projects currently underway or in the review stage in Gimpo City, including urban development, redevelopment, and creation of a complex industrial complex including housing, exceeds 140,000 households.
The largest project is the Gimpo Hangang 2 public housing district development project with 51,540 households.
This project, also known as 'Gimpo Hangang 2 Compact City', aims to develop 7.31 million ㎡ of land in Yangchon-eup, Masan-dong, Janggi-dong, and Unyang-dong in accordance with the Ministry of Land, Infrastructure and Transport's new public housing promotion plan in 2022.
If the district plan is approved early next year, site development work is scheduled to begin in 2030 and the project is scheduled to be completed in 2038.
There are also urban development projects in the Pungmu Station area (6,522 households), Geolpo District 4 (7,761 households), and Gamjeong District 4 (2,605 households). These are large-scale projects that Gimpo City itself designated as urban development sites.
Sales have already been made in the Pungmu Station area, which is scheduled to be completed in the second half of next year, and Geolpo District 4 and Gamjeong District 4 are scheduled for completion between 2029 and 2030.
A complex development project encompassing residential and industrial functions is also being promoted.
3,843 households will be built in the Gimpo Hangang Cinepolis General Industrial Complex, where site construction will be completed in the second half of next year.
The Gimpo Environmental Regeneration Innovation Complex, which passed the preliminary feasibility study, will be developed with residential land for 29,440 households. A review of the adequacy of the business plan was recently completed, and it is expected to be designated as an urban development zone sometime next year.
In order to improve the residential environment of the underdeveloped old downtown, private sector-led urban development and redevelopment projects are actively underway in areas designated as redevelopment promotion districts.
In Bukbyeon Districts 2 to 5, urban development and redevelopment projects with a total of 7,056 households are being promoted. Bukbyeon District 3 (1,200 households) and Bukbyeon District 4 (3,058 households) are scheduled to move in in December of next year and February of the following year.
In the Sau-dong area, a project with a scale of 3,825 households, including Sau District 4 (385 households), Sau District 5A (2,908 households), and Sau Bukbyeon District (532 households), is being promoted, and it is expected that occupancy will be possible sequentially by 2030.
In addition to redevelopment promotion districts, there are also urban development projects being promoted based on resident suggestions.
Singok District 8 (462 households), Yuhyeon District (2,020 households), Yangdo District (1,769 households), and Yanggok District (1,241 households) have all completed implementation plan approval and have started projects or entered the concrete phase.
There are also places where residents' suggestions were accepted and became designated areas for urban development.
Hyangsan District 2 (7,673 households) and Gamjeong District 2 (6,025 households) are representative examples, and urban development projects with a capacity of 21,959 households, including this district, are being promoted.
In this situation, Gimpo City appears to be burdened by the government's plan to supply additional housing for 37,000 households.
Gimpo City's position is that solving serious traffic problems and securing self-sufficiency must come first.
Some are concerned that if new residential land absorbs existing housing demand, redevelopment projects being promoted in the original city center may be disrupted, making balanced development between the original city center and the new city difficult.
An official from a real estate company located in Gimpo City said, “The location conditions for the new housing site are good, so it can be quite attractive to surrounding areas such as Gimpo and Incheon,” and predicted, “It is unclear whether the government plan to disperse housing demand in Seoul will work out.”
He added, “If residents who tried to move through existing urban development are flocked to new homes, the development momentum of the original downtown may decrease,” adding, “If that happens, the more underdeveloped the area, the lower the business feasibility, making development more difficult.”
