Seongbuk-gu Approves Gireum District 5 Project Plan... Up to 33 Stories and 754 Homes Planned

[Financial News] The redevelopment project in Gireum District 5, Seongbuk-gu, Seoul, has received approval for its project implementation plan, giving momentum to plans for an apartment complex with 754 homes.
According to Seongbuk-gu on the 13th, the district approved the initial project implementation plan on the 12th for the Gireum 5 Redevelopment Promotion District housing redevelopment project in the area around 175 Jeongneung-dong.
The Gireum District 5 project will develop 36,270.9 square meters of land with apartment housing and ancillary welfare facilities in eight buildings, with six basement levels and up to 33 stories above ground, for a total of 754 homes.
Along with the development, infrastructure such as roads and parks will also be expanded. Public facilities, including a comprehensive social welfare center and a women’s center, are also planned.
The association plans to invite members to apply for housing units and then seek approval for its management and disposal plan. Following relocation and demolition, it aims to begin construction in 2029 and complete the project in 2032.
With this approval, all project areas in the Gireum Redevelopment Promotion District have passed the project implementation plan approval stage. The Gireum New Town redevelopment project, which has been underway for about 20 years, is now entering its final stage.
Seongbuk-gu Mayor Lee Seung-ro said, “With approval of the Gireum District 5 project implementation plan, projects across all areas of the Gireum Redevelopment Promotion District are now on track. We will focus our administrative efforts on carrying out the remaining procedures transparently and swiftly so residents can enjoy a pleasant living environment as soon as possible.”

[email protected] Choi A-young Reporter