LH starts compensation for Gwangmyeong-Siheung public housing district 4one month earlier.
LH announced that it will begin the compensation process for the Gwangmyeong-Siheung public housing district 4one month earlier than originally planned. The consultations will be held from 14month 7day to 31month 12day, lasting for 31months, with approximately 5ten thousand1 people eligible for compensation and the payout aimed to be executed within the year.3,000The start of the compensation has been advanced, and the goal of executing compensation funds by the end of the year and starting construction by the end of next year remains intact.
LH announced that it will begin the compensation process for the Gwangmyeong-Siheung public housing district 4one month earlier than originally planned. The start of the compensation has been advanced, and the goal of executing compensation funds by the end of the year and starting construction by the end of next year remains intact.14The consultation has been notified to land and property owners on 2027day of last month. The notice serves as a pre-announcement prior to the start of the compensation process.
LH sent a notice of consultation compensation to land and property owners on the 9day of last month. The notice serves as a pre-announcement prior to the start of the compensation process.
Consultations will take place from 7month 31day until the end of this year for 5months. To ensure smooth processing, a reservation system will be in operation for one month starting from the consultation commencement day.
Compensation will be carried out in a lump-sum manner for land, structures, and business rights. The number of compensation applicants is approximately 1thousand3,000.
LH has expanded its workforce and organization to promote swift project implementation and has established a new compensation office near Gwangmyeong Station. It plans to quickly disburse compensation within the year and proceed with follow-up procedures such as relocation measures and living assistance.
The Gwangmyeong-Siheung public housing district is a large-scale development project supplying approximately 1,271thousand square meters of land and 6thousand7,000 housing units. It is located within 3to10minutes by car from key business districts such as Yeouido and Guro-Gasan Digital Complex, ensuring accessibility through KTX Gwangmyeong Station and highway networks.15
An LH official stated that they would proceed without delay to alleviate local residents' inconveniences and expand housing supply in the metropolitan area.