Chungnam Gongju Songseon·Donghyeon-dong, Gyeryong Duma-myeon Designated as 'Land Transaction Permission Zones'

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province announced on the 17th that it has designated the planned urban development project sites in Gongju City and Gyeryong City as land transaction permission zones.

The target areas are 605 parcels (939,594㎡) in Songseon and Donghyeon-dong, Gongju City, and 235 parcels (262,770㎡) in Nongsori, Duma-myeon, Gyeryong City, with the designation period lasting until June 2024. The designation takes effect from the 21st of this month.

According to the designation of the land transaction permission zones, when selling land exceeding the standard area within the urban development project areas, permission must be obtained from the mayors of Gongju or Gyeryong.

Even if land transaction permission is granted, the land must be used for the permitted purpose for a certain period. If a contract is made without permission or permission is obtained through fraudulent means, the offender may face imprisonment for up to two years or a fine.

For more details, inquiries can be made at the Civil Complaints Land Division of Gongju City and the Civil Service Division of Gyeryong City.

Lee Seong-chan, Director of the Land Management Division of the province, said, “We expect the designation of the land transaction permission zones to stabilize the real estate market in Gongju and Gyeryong,” and added, “We will support the successful construction of the urban development projects.”

This content was produced with the assistance of AI translation services.