Hoehyeon-dong’s Deteriorated Residential Area Set for Major Transformation... Five Projects, Including a Parking Tower, to Move Forward

[Financial News] Seoul Metropolitan Government is moving to improve the residential environment in the deteriorated low-rise residential area of Hoehyeon-dong at the foot of Namsan.
According to Seoul Metropolitan Government on the 11th, the Urban Planning Committee’s Regeneration Subcommittee conditionally approved the revised Seoul Station Area Urban Regeneration Revitalization Plan at its second meeting of the year, held on the 10th. The plan incorporates the Deteriorated Residential Area Improvement Support Project for Hoehyeon-dong in Jung-gu.
Hoehyeon-dong was selected in December 2024 as a pilot area for the Ministry of Land, Infrastructure and Transport’s New:Village project. With the plan revision incorporating the related project into the statutory plan, the area now has a foundation for full-scale implementation.
Hoehyeon-dong is a low-rise residential area that developed naturally on the hilly slopes of Namsan. Residents have faced inconveniences because of narrow, steep roads and insufficient parking. Of the 245 buildings in the project area, 214 are more than 20 years old, accounting for 87.3% of the total.
Considering the area’s limited suitability for large-scale redevelopment, the city will prioritize improving essential infrastructure, including parking, fire access and pedestrian facilities, rather than pursuing comprehensive development. By 2029, it will invest a total of 25.3 billion won—10.1 billion won in national funding and 15.2 billion won in local funding—to implement five projects closely tied to residents’ daily lives in stages.
On the sites of existing public facilities made available by relocating the Hoehyeon-dong Community Service Center and a daycare center, the city will build a four-story-above-ground, three-level-underground parking complex tower and a smart parking tower, respectively. The projects are expected to ease the area’s chronic parking shortage.
Road conditions on narrow or dead-end alleys will be improved to allow fire trucks to enter. On sloped areas, the city will add safety facilities such as security lights and handrails. It will also improve alleys and green spaces connected to Old Namsan Road to make walking more convenient.
The city also plans to link this project with the ongoing renewal of the district-unit plan for Hoehyeon-dong and surrounding areas.
Myeong No-jun, head of Seoul Metropolitan Government’s Housing Office, said, "Hoehyeon-dong has the locational advantage of connecting central Seoul with Namsan, but it is an area that has long needed improvements to basic living conditions, including parking, fire access and pedestrian facilities. We will link public facilities with urban planning in a way that reflects local conditions, so that residents can experience tangible changes even in deteriorated low-rise residential areas."

[email protected] Choi A-young Reporter