Yongin Cheoin-gu Namdong Area 4,500-Unit Residential Complex Development
[Asia Economy (Yongin) = Reporter Lee Young-gyu] A housing complex with 4,500 households will be built in the Namdong area of Cheoin-gu, Yongin-si, Gyeonggi-do.
On the 25th, Yongin City announced plans to develop a housing complex with infrastructure such as roads, schools, and parks on 821,203㎡ in the Namdong area, capable of accommodating 4,500 households.
The city will supply more than 50% of the total housing units as private rental housing to stabilize middle-class residential areas. In addition, special supply quotas will be allocated for housing support groups such as newlyweds and young people.
Unlike Giheung-gu and Suji-gu, where large-scale land development projects have significantly advanced urbanization, Cheoin-gu has been developed mainly through private-led housing projects, industrial complexes, and logistics warehouses, resulting in relatively poor residential and infrastructure conditions.
The city plans to improve the deteriorated residential environment in the area through public development led by the government and to create a central park that has been neglected for over 20 years.
The city will proceed with the project by having LH develop the land and then sell it to private construction companies. Using the development profits, the city will secure urban infrastructure such as parks, roads, and schools stably and build housing to prevent indiscriminate development.
To designate the area as a development promotion district, the city will listen to residents' opinions, complete consultations with related agencies by August, seek the city council's opinion in September, and announce the designation in October.
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The supply promotion district will be finally announced in December after review by the Central Urban Planning Committee of the Ministry of Land, Infrastructure and Transport in November, following the designation of the development promotion district.
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