"Revitalization of Dong Gimhae Area Expected" ... Completion of Site Preparation for Eobang District Urban Development Project

The land development work for the urban development project in Eobang District, Gimhae City, Gyeongnam, has been completed.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The land development construction for the Eobang District urban development project in Gimhae City, Gyeongnam, which began in 2018, has been completed.

The Gimhae City Urban Development Corporation announced on the 6th that it completed the land development construction on March 30th, developing 87,680㎡ in the area of 134 Eobang-dong using the land readjustment method to build office facilities, neighborhood living facilities, and more.

The land readjustment method returns the developed land to the original landowners and covers the invested project costs by selling the residual land.

The Eobang District is adjacent to Donggimhae IC and the Busan Gimhae Light Rail Transit (Inje University Station), and nearby infrastructure includes Gimhae City Hall, Andong Industrial Complex, Inje University, as well as previously developed urban development districts such as Samo District and Bubong District.

The Development Corporation is currently finalizing the sale of the remaining residual land and plans to announce the land readjustment disposition around June this year after completing the cadastral survey.

A representative of the Urban Development Corporation said, “As this was the first project promoted by the corporation, we devoted even more care and effort,” and added, “The development of the Eobang District is expected to play a significant role in revitalizing the underdeveloped Donggimhae area.”

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