Suwon Urban Development Corporation Selects "Godeung 1 and Seryou 2 Districts" as Candidates for Suwon-Type Public Redevelopment Project

[Suwon Ilbo=Reporter Jung Jun-sung] Suwon Urban Development Corporation (President Heo Jeong-moon) has selected candidate sites for the "Suwon-Type Public Redevelopment Project" that it is prioritizing.

According to the corporation on the 30th, the Suwon City Urban Planning Committee recently made a "conditional approval" decision for two areas—"Godeung 1 District" and "Seryou 2 District"—through deliberation on the designated preliminary zones for applicant sites of the Suwon-Type Public Redevelopment Project.

"Godeung 1 District" covers the vicinity of 39 Godeung-dong, Paldal-gu (area of 75,000 square meters), and "Seryou 2 District" covers the vicinity of 263 Seryou-dong, Gwonseon-gu (45,000 square meters).

The two candidate sites will proceed through the stage of establishing a plan for implementation of conditions under "conditional approval," and the procedures for "designation and announcement of preliminary zones" are scheduled to be carried out within 2025. Subsequently, legal resident consent rate acquisition, preparation of improvement plans, and designation of improvement districts are planned to be promoted.

The Suwon-Type Public Redevelopment Project is Korea's first public-led urban improvement project by a basic local government, with the advantage of high-quality construction and market viability ensured through joint execution by a construction company directly selected by residents and the corporation as co-executors.

President Heo Jeong-moon stated, "We will do our best so that by improving aged urban areas in Suwon, the city can be reborn as a more prosperous Suwon."