Bundang's Hansol 1-2-3 Complexes Cleared for 3,447-Unit Rebuild

Seongnam Accepts Proposal to Designate Special Redevelopment Zone Rebuilding Planned on 150,000-Square-Meter Site in Jeongja-dong

Finance|
| Updated 2026.10.03. 07:25:32
|
By Park Ji-woojiu@sedaily.com
||
null - Seoul Economic Daily Finance News from South Korea

Hansol Village Complexes 1, 2 and 3 in Jeongja-dong, Bundang, have cleared a key hurdle toward designation as a special redevelopment zone. Seongnam said it accepted a special redevelopment plan submitted by residents, a step expected to speed up the project.

Seongnam recently notified the project that it had accepted the special redevelopment plan for the Bundang Hansol 1-2-3 rebuilding, according to redevelopment industry sources on the 2nd. The decision came about a month after the main plan was filed on Sept. 1. Such notification is the procedure under the special act on the redevelopment and support of aging planned cities, through which the designating authority informs applicants whether it accepts a proposed special redevelopment plan.

The Hansol 1-2-3 complexes are pursuing a plan to build 18 residential buildings of up to 37 stories on a site of about 157,124 square meters around 110 Jeongja-dong in Bundang. If the project proceeds as planned, the number of units will rise to 3,447 from the current 1,872, an increase of 1,575.

Korea Land Trust, which signed a business agreement with the Hansol 1-2-3 complexes, submitted the special redevelopment plan to Seongnam in July through the resident proposal route, together with the rebuilding preparatory committee. It later filed the main plan formally, reflecting the city's advisory opinions and consultations.

When the plan was submitted in July, the consent rate among residents, including commercial unit owners, stood at 93.1%, far above the 50% required for a resident proposal. The complexes had also secured a consent rate of about 94% during last year's first round of applications for pilot districts.

The plan also includes a green network linking the complexes with surrounding green space. It calls for securing pedestrian routes connecting Bulgoksan, Tancheon and Bundang Central Park, and for placing open community facilities along pedestrian-only roads inside the complexes so that nearby residents can use them as well.

Seongnam is now holding a public inspection and notice period following the acceptance. The city plans to make a final decision on the second round of special redevelopment zone designations in December, after steps including hearing opinions from the city council.

Separately, Seongnam on Sept. 29 selected five districts — Imaechon 1, Sibeom Complex 1, Park Town, Pureun Village and Hansol Village 2 — totaling 13,429 units as candidates for the second round of special redevelopment zone designations, following an evaluation by a selection committee. That is 1,429 units more than the 12,000 units originally slated for redevelopment this year.

Original reporting by Park Ji-woo for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →
1:05

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Now live
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

SIGNAL English Edition is live — Korea's deal desk reporting in English. M&A, IPOs, private equity and fund flows, covered daily for global institutional investors. Browse free; subscriber-only scoops at the 50% intro rate.