Hong Ji-seon, Land Minister: “Will oversee groundbreaking for public housing at Yaksu Station” ... 1,616 homes planned

[Financial News] A total of 1,616 homes will be supplied in the Yaksu Station Urban Public Housing Complex Project District in Seoul, the first low-rise residential-area project to use an integrated design-and-construction competition. The competition will be launched this month, with design and construction firms to be selected in the first half of next year. Construction is scheduled to begin by 2030.
On the 11th, Hong Ji-seon, Minister of Land, Infrastructure and Transport, visited the Yaksu Station project district in Jung District, Seoul, toured the site and held a meeting with residents, experts and relevant agencies. Hong stressed, “We will actively address any obstacles to the project so that groundbreaking and move-ins proceed without disruption, and I will closely monitor the construction schedule.”
The Yaksu Station project district is a project to develop 64,000 square meters of low-rise residential area in Sindang-dong, Jung District, Seoul. It was designated a complex project district in December 2024. MOLIT says that using an integrated competition, instead of the existing approach of selecting the designer and builder separately, could shorten the project period by approximately five months or more. After the selection, procedures such as project-plan approval and compensation will follow.
Hong said, “The urban complex project is significant because the area around Yaksu Station, which has long been neglected in urban renewal, can be transformed into a safe and pleasant living environment through public participation.” At a meeting held at the Jung District Facilities Management Corporation, he added, “Responsible public project management and institutional support are helping deliver the achievement of ‘starting housing construction.’”
He also called for local governments to cooperate in advancing the project. Hong said, “For the project to move forward at pace, cooperation from local governments, including the Seoul Metropolitan Government, is more important than anything else,” and urged them to provide active support.

[email protected] Choi Ga-young Reporter