首尔龙山区 숙대입구站再开发项目通过综合审查，Daishin Asset Trust将推进施工方遴选

A redevelopment project in Seoul's Yongsan district, in which a trust company serves as the developer without forming a union of property owners, has cleared its first hurdle. The Sookmyung Women's University Station area redevelopment project has passed an integrated review and will now proceed to select a construction contractor.
According to the Seoul Metropolitan Government on the 24th, the 17th Integrated Review Committee for redevelopment projects conditionally approved the review plan for the "Sookmyung Women's University Station Area Long-Term Public Rental Housing Urban Redevelopment Project" near 52-6 Galwol-dong, Yongsan district, on the 20th.
The developer for this project is Daishin Asset Trust. The preparatory committee signed a business agreement with Daishin Asset Trust in May last year, before the redevelopment zone was designated, and prepared the trust-based approach. The developer explained that this is the first case in Yongsan district in which a trust company takes on the role of developer instead of property owners forming a union.
Following the redevelopment zone designation notice in December last year, Daishin Asset Trust was designated as the developer in March this year, and after applying for the integrated review in May, it passed the review in about three months. The period from the redevelopment zone designation to the approval of the integrated review was about eight months. The preparatory committee and Daishin Asset Trust plan to apply for project implementation authorization after incorporating the review's supplementary requirements into the design.
According to the integrated review plan, five buildings ranging from six basement floors to 40 above-ground floors, totaling 900 units of apartment housing along with ancillary welfare facilities, will be built on a 26,493.5-square-meter site. Of the total supply, 597 units are for general sale, including 231 units of long-term public rental housing in the station area and 72 units of mandatory rental housing under the redevelopment program.
Yoon Myung-sook, head of the redevelopment committee, said, "Thanks to the participation of property owners, we were able to quickly complete the developer designation and the integrated review," adding, "We will proceed without setbacks on the remaining steps, including contractor selection and project implementation authorization." An official at Daishin Asset Trust said, "Passing the integrated review has laid the groundwork for contractor selection and project implementation authorization," adding, "We will carry out follow-up procedures with the goal of selecting a contractor within the year."