Sejong City Cracks Down on 'Speculative Activities' Including Land Use Changes in Jochiwon and Yeongi Districts

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 26th that it will form an on-site inspection team to crack down on speculative activities aimed at compensation in new public housing sites such as Jochiwon District and Yeongi District.

The crackdown is a follow-up measure to the Ministry of Land, Infrastructure and Transport’s announcement on the 30th of last month regarding the ‘3rd designation of new public housing districts,’ focusing mainly on illegal acts such as installing unauthorized structures on the new public housing sites.

The on-site inspection team will be operated through cooperation between the city, the Ministry of Land, Infrastructure and Transport, and the Korea Land and Housing Corporation. The Ministry of Land, Infrastructure and Transport will take charge of overall support functions for the inspection team, the Korea Land and Housing Corporation will conduct regular on-site inspections, and the city will handle administrative actions against illegal activities such as land alteration detected during inspections.

The inspection team also took time on the 24th to assess the current status at the Jochiwon and Yeongi districts.

The new public housing districts were announced and opened for public viewing on the 30th of last month, and from that point, activities such as building construction, installation of structures, land alteration, land division and consolidation, and planting are restricted.

Currently, drone aerial photography of the areas included in the new public housing districts has been completed, and excessive planting of trees aimed at compensation, illegal land alterations, and similar acts will be excluded from compensation or strictly reflected in the compensation evaluation.

In particular, the city emphasizes that those who carry out restricted activities without market approval, such as illegal land alterations, may face orders to restore the original state and be subject to imprisonment of up to one year or a fine of up to 10 million won.

Meanwhile, the Ministry of Land, Infrastructure and Transport announced on the 30th of last month new public housing sites totaling 13,000 housing units (1.5 million square meters), including 7,000 units (880,000 square meters) in Jochiwon District and 6,000 units (620,000 square meters) in Yeongi District.

Accordingly, the land in the new public housing sites such as Jochiwon District and Yeongi District, as well as in three nearby towns and townships (6,239 parcels), will be designated as land transaction permission zones for two years until September 2023, allowing transactions only for actual demanders.

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