
AI-generated summary
To renovate old low-rise residential areas, the city of Seoul has been promoting small-scale block-level redevelopment by introducing the Moa Town and Moa Housing methods.
The Seoul Metropolitan Government's Moa Town revitalization project, which involves grouping old low-rise residential areas into small groups and quickly renovating them, is being promoted in earnest.
The Seoul Metropolitan Government held the 2nd Small House Maintenance Integrated Deliberation Main Committee on the 10th and announced on the 11th that the 'Moa Town Management Plan for 972 Siheung 3-dong, Geumcheon-gu' and 'Moa Housing Project Implementation Plan for Districts 1 to 3' were approved with modifications and passed with conditions, respectively.
Accordingly, Moa Town with a maximum of 20 floors and 586 households will be created in the area around Seoksu Station. Among these, 118 households will be provided as public rental housing.
Moa Housing is a method of building high-quality apartment houses by block unit owners pooling land in old low-rise residential areas where large-scale redevelopment is difficult.
An area where nearby Moa houses are gathered together and developed and managed as one large apartment complex is called Moa Town. Through this, it is designed to include infrastructure such as roads, parking lots, and parks.
The site subject to this integrated deliberation is the first pilot project site for the Moa Town revitalization policy, which shortens the project period by establishing a Moa Town management plan and building plan in parallel.
This project was completed in just 1 year and 6 months, from selecting the target site to passing the project implementation plan, shortening the process by 1 year and 6 months compared to the standard processing period.
This business site was confirmed to supply a total of 586 households, an increase of 275 units from the existing 311 households, by easing the number of floors in the second-class general residential area, easing the floor area ratio due to the construction of rental housing, easing the floor area ratio due to the installation of maintenance infrastructure, and easing height restrictions for buildings.
In addition, by applying a special construction zone, the three Moa houses were connected as one complex with architectural plans such as integrated installation of underground parking and joint planning for art decorations, and organically connected external spaces to prepare an integrated complex plan.
The poor pedestrian environment, which has been used without distinction between roadways and sidewalks, will be improved by expanding the width of the roads and creating front open space attached to sidewalks, and streets will also be revitalized in connection with the nearby Central Steel General Shopping Center market maintenance project.
However, in this deliberation, the city requested a review of the plan to ensure the safety of the elementary school road to the north of the site and to create the site in harmony with the surrounding topography.
In order to spread the results of the pilot project throughout Moa Town, the Seoul Metropolitan Government plans to prepare a separate 'Moa Housing and Moa Town Rapid Integration Promotion Plan' and shorten the period from site selection to construction start from about 6 years to 4 years and 6 months.
Myeong No-jun, head of the Seoul Metropolitan Government's housing department, said, "We will continue to actively support Moa Housing so that it can quickly proceed to actual construction."

KORAMCO Asset Trust announced that it will participate as an implementer in the urban complex development project in District 1 of Gwacheon Government Complex Station, and that it plans to build a complex with 6 floors underground and 40 floors above ground, equipped with 590 apartment houses and commercial facilities, on a 12,415㎡ site in Byeolyang-dong, Gwacheon City.

Seoul apartment prices have risen for 85 consecutive weeks, marking the longest sustained increase on record with a cumulative gain of 15.84 percent, more than double the previous record. Despite demand-side controls like lending curbs and heavy taxation, prices continue to climb, highlighting the failure of current policies and the urgent need to expand housing supply through eased redevelopment regulations and revised tax measures.

Housing and Urban Guarantee Corporation (HUG) announced on the 4th that it had designated four locations, including Gangseo-gu in Busan and Cheonan-si in South Chungcheong Province, as management areas for unsold units in September. Icheon-si and Yangju-si, Gyeonggi-do, have had their designation lifted.

Busan City announced that it will hold the 56th Open Busan Urban Architecture Forum under the theme of 'Busan's Housing' in the City Hall conference room at 3 p.m. on the 9th. This forum will diagnose the crisis of the young generation, whose housing ladder has been cut off due to soaring housing costs and the aftermath of rental fraud, and seek highly effective policy alternatives by sharing research results from the Busan Research Institute and the Seoul Housing and Urban Development Corporation. Any interested citizen, including college students and urban and architectural experts, can participate.

Seongnam City announced that the number of applications received for designation of the second special development zone for the reconstruction of Bundang, the first new city, reached 66,000 households, 5.5 times this year's designated quantity of 12,000 households. All 50 districts that submitted preliminary proposals have submitted their main documents, and the city plans to select target districts through document and on-site screening within this month.

According to data jointly released by the Korea Real Estate Agency and Real Estate 114, the number of apartments expected to be occupied nationwide over the two years from July this year to June 2028 is expected to be 425,412 households. In the metropolitan area, Seoul is expected to have 49,668 households, Gyeonggi has 151,343 households, and Incheon has 40,088 households, and the occupancy volume by metropolitan city and province has also been presented in detail.