South Korea’s LH has designated Gunpo Sanbon’s Zones 9-2 and 11 as the first special maintenance zones among first-generation new towns, expediting redevelopment with eased regulations and increased housing supply.
#YonhapInfomax #KoreaLandHousing #GunpoSanbon #SpecialMaintenanceZone #Redevelopment #FloorAreaRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96975
Gunpo and Sanbon Become First Among First-Generation New Towns to Complete Special Zone Designation
South Korea’s LH has designated Gunpo Sanbon’s Zones 9-2 and 11 as the first special maintenance zones among first-generation new towns, expediting redevelopment with eased regulations and increased housing supply.
The Ministry of Land, Infrastructure and Transport is expanding fast-track redevelopment support to all first-generation new towns, aiming to accelerate housing supply and ease annual designation limits, with a target of breaking ground on 63,000 units by 2030.
#YonhapInfomax #MinistryOfLand #FirstGenerationNewTowns #Redevelopment #FastTrack #HousingSupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96844Major South Korean builders are set for fierce competition in 2026 as Seoul prepares to select contractors for large-scale apartment redevelopment projects, including Yeouido and Apgujeong, with contracts worth up to 2 trillion won ($1.69 billion) each.
#YonhapInfomax #Redevelopment #SamsungCT #HyundaiEC #SeoulHousingMarket #ConstructionContracts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96722
[2026 Housing Market Outlook-Ⅱ] Major Redevelopment Projects Set to Drive Fierce Competition Among Builders
Major South Korean builders are set for fierce competition in 2026 as Seoul prepares to select contractors for large-scale apartment redevelopment projects, including Yeouido and Apgujeong, with contracts worth up to 2 trillion won ($1.69 billion) each.
Lotte Engineering & Construction Wins 400 Billion Won Mia 4-1 District Redevelopment Project
Lotte Engineering & Construction Co. has secured a 414.7 billion won ($320 million) contract for the Mia 4-1 District redevelopment in Seoul, boosting its annual urban renewal orders to 3.37 trillion won.
Seoul's new apartment supply is set to plunge 48% in 2025, with nationwide figures also dropping sharply, signaling a significant contraction in South Korea's housing market pipeline.
#YonhapInfomax #Seoul #ApartmentSupply #Zigbang #Redevelopment #2025Forecast #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96549GS Engineering & Construction Co. surpassed KRW 6.3 trillion ($4.8 billion) in 2024 urban renewal orders after winning the Seongbuk District 1 redevelopment contract, highlighting robust growth in South Korea's construction sector.
#YonhapInfomax #GSEngineeringConstruction #UrbanRenewal #Redevelopment #KRW6Trillion #SeongbukDistrict1 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96494
GS Engineering & Construction Selected as Contractor for Seongbuk District 1 Redevelopment—Urban Renewal Orders Surpass KRW 6.3 Trillion in 2024
GS Engineering & Construction Co. surpassed KRW 6.3 trillion ($4.8 billion) in 2024 urban renewal orders after winning the Seongbuk District 1 redevelopment contract, highlighting robust growth in South Korea's construction sector.
Busan has designated 7,318 units in Hwamyeong-Geumgok and Haeundae as leading districts for aging planned city redevelopment, with government support and new centers to ensure smooth project execution and stable housing supply.
#YonhapInfomax #Busan #Redevelopment #MinistryOfLandInfrastructureAndTransport #HousingSupply #PlannedCityInitiative #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=95209
Busan Selects 7,318 Units as Leading Districts for Aging Planned City Redevelopment
Busan has designated 7,318 units in Hwamyeong-Geumgok and Haeundae as leading districts for aging planned city redevelopment, with government support and new centers to ensure smooth project execution and stable housing supply.
DL Construction Co. has secured a 600 billion won ($456 million) contract to build 1,760 residential units in Seoul's Junghwa-dong Moa Town redevelopment, marking a major integrated project win for the South Korean builder.
#YonhapInfomax #DLConstruction #MoaTown #Redevelopment #Seoul #1760Units #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94786DL Construction Secures 600 Billion Won Contract for 1,760-Unit Moa Town Redevelopment Project
DL Construction Co. has secured a 600 billion won ($456 million) contract to build 1,760 residential units in Seoul's Junghwa-dong Moa Town redevelopment, marking a major integrated project win for the South Korean builder.
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