Completion of Incheon Geomdan New Town Phase 1... 8,000 Households Move into 6 Complexes within the Year

Perspective view of Geomdan New Town [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] Incheon Geomdan New Town has completed the first phase of the complex development project six years after groundbreaking.

On the 10th, Incheon City held a completion ceremony for the first phase of Geomdan New Town in Geomdan, Seo-gu, attended by Incheon Mayor Park Namchun and representatives of the residents' association.

The first phase of Geomdan New Town, which began construction in December 2015, covers an area of 3.59 million square meters and is expected to house 33,000 households across 31 complexes. Move-ins started in June, and by the end of the year, 7,976 households in six complexes will have moved in.

Seventeen parks of various sizes have been established within the complex. Additionally, two elementary schools opened in September, and next year, two middle schools, one high school, and one kindergarten will open.

Ara-dong Administrative Welfare Center opened in June, and the post office, fire station, and the Northwest Branch of Incheon District Court are preparing to open.

Geomdan New Town, which is about four times the size of Yeouido, is being developed in three phases. Following the completion of the first phase, phases two and three are planned to be completed by 2023.

The planned population of Geomdan New Town is 75,000 households with 187,000 residents. The project cost of 8.3868 trillion won is equally shared by Incheon Urban Corporation (iH) and Korea Land and Housing Corporation (LH).

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