Renovation programs in Seoul

Goal

Citizens to improve their housing conditions

Project

  • After a demonstration project (40 houses) conducted in 2017, SMG rebuilds non-residential premises into regular residential houses, called social reconstruction houses.
  • SMG covers 80% of restructuring costs (up to 200 million won) and loans up to 90% of operating funds.
  • Single-person youth families can rent a residential home for six to 10 years for 80 percent of the market price in nearby neighborhoods.
  • Throughout the year, SMG supports housing cooperatives, social enterprises, non-profit cooperatives, etc. etc., who want to participate in the project. It is hiring.

Non-residential buildings will be redeveloped as part of the public social housing for young people. Projects of new houses.

It includes common areas (kitchen, common room, shower and toilet) and living rooms. The cost of renting an apartment in such a new building will be 20% lower than the standard rental rate for each neighborhood. The project will include buildings built 15 years ago and earlier

2017 Demonstration Project (40 homes)

2018 Renovation of 290 homes.

Debt financing could be up to 90% of project cost, ratio is 3%

80% of the project costs will be covered by the municipality

Seoulpublic social housing

LATEST POSTS

GOVERNMENT

CITIES

SUSTAINABILITY

TECHNOLOGY

PEOPLE
Information structure in the field of options
The structure of information is organized into chains of cause and effect. Causal links give rise to a flow of variation. Paths of least...
What almost all of us are afraid of
Fear is a common human emotion. Although we are often afraid of something different, there is one thing that almost everyone is generally...
Maya the illusion of the physical world
Maya means illusion. It is the personality's idea of "self". Everything we believe, all the concepts and programming of our mind is Maya.

 smart cities, space, science, technology, quantumgovernmenteconomicsSDGcitizens, healthcare, education, properties, transportation, infrastructure, municipal services, energy, climate, events, art, games, architecture, startups, influencers, brands, pioneerswellbeing, innovator's dictionary, history, design, academy