Construction of 'Moatown No. 1' for Seoul's Old Housing Improvement...Moving in 2028

Seoul Mayor Oh Se-hoon's newly announced Moa Town No. 1 as a model for maintaining old housing-dense areas, Moa Town in Bun-dong, Gangbuk, will begin construction today (16th), three years after the project was launched.

In 2028, 1,242 apartments in 13 dongs will be built in Moatown, Bun-dong, to operate an integrated underground parking lot, unit and welfare facilities, and a walking path along Uicheon Stream will also be created.The city of

explained that the redevelopment project takes at least 8 to 10 years, but Moatown was quick to proceed as the owners collected their own land and the association was able to support tenant loss compensation and secure additional general distribution under the Tenant Support Ordinance.

In addition, it said that Mo Town 2 and 3 projects are being carried out in other areas of Bun-dong, and there is also a spreading effect.

Moatown is a project that significantly improves the residential environment by uniting and developing a small unit of maintenance project called Moatown among old homeowners in areas where large-scale redevelopment is difficult.