LH to Supply 3 Support Facility Lots in Yangju Okjeong New Town

Easy Vehicle Access Adjacent to Yangju IC
Strengthening Self-Sufficiency Through Supply of Support Facility Sites
November 18 (Application, Drawing, and Winner Announcement), November 22-26 (Contract Signing)

Location map of Yangju Okjeong New Town / Provided by LH.

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced on the 14th that it will supply three support facility sites (16,277㎡, 23.1 billion KRW) in Okjeong New Town, Yangju, through a lottery system.

The area of each support facility site being supplied this time ranges from 4,536㎡ to 6,254.9㎡, with supply prices between 6.4 billion and 8.8 billion KRW, which is approximately 4.64 million to 4.74 million KRW per 3.3㎡. Building restrictions include a building coverage ratio of 70% or less and a floor area ratio of 300% or less. Educational research facilities, office facilities (excluding officetels), cultural and assembly facilities, warehouse facilities, automobile-related facilities, and urban-type factories can be constructed.

Applicants must be general end-users, and applications can be submitted through the LH Subscription Center (apply.lh.or.kr). The application deposit ranges from 300 million to 400 million KRW per site, with a three-year interest-bearing installment payment plan. Land use is permitted immediately after full payment.

The supply schedule is as follows: △ Application submission (November 18, 10:00 AM to 4:00 PM) △ Computerized lottery (November 18, 5:00 PM) △ Winner announcement (November 18, 6:00 PM), and the winner contract signing will take place from November 22 to 26.

For detailed information such as site area and price per site, please check the announcement posted under LH Subscription Center - Sale & Lease Announcements - Land or contact the LH Yangju Project Headquarters Compensation Land Sales Department.

Yangju Okjeong New Town (7.06 million㎡) is a major hub in northern Gyeonggi Province with a planned population of 100,000. The extension construction of Subway Line 7 began in 2019, and the GTX-C line is scheduled to open in the future, significantly improving transportation conditions.

Additionally, using the existing road network such as the Guri-Pocheon Expressway, National Road No. 3 Bypass, and the Second Metropolitan Area Outer Ring Road, it is possible to reach Jamsil within 40 minutes and Gangnam within an hour. Notably, the support facility sites being supplied this time are about 2 km from Yangju IC, making vehicle access convenient.

Currently, the occupancy rate of apartment complexes within the district exceeds 50%, and the sales rate of apartment complex sites is close to 90%, indicating abundant demand. The supply of these support facility sites is expected to further strengthen the self-sufficiency functions of the area.

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