Sejong City Completes Land Sale for Northwest Jochiwon District Development

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 2nd that it has completed the sale of all land totaling 148,654㎡ in the Bongsan-ri area of Jochiwon-eup, developed through the Jochiwon Northwest District Urban Development Project.

The Jochiwon Northwest Urban Development Project is a public development project that invested 114.6 billion KRW to create a 230,000㎡ complex business district, aimed at balanced development between the new and old downtown areas.

Earlier this year, the city sold 4,445㎡ of land to the National Agricultural Products Quality Management Service and the Sejong City Health and Environment Research Institute, and in the private business operator public offering conducted since February, signed a sales contract for the remaining 9,306㎡ of office land with the Korea Information and Communication Contractors Association.

Currently, the Jochiwon Northwest District houses ▲ Ministry of Education Disaster Recovery Center ▲ Sejong City Office of Education Training Institute ▲ Sejong City Health and Environment Research Institute, and four public institutions and organizations are in the process of or have completed architectural design, aiming to move in by 2025.

The sale of 660 apartment units has also been completed and construction is underway, with the city expecting an improvement in the residential conditions for workers within the Northwest District.

Labor Director of the City Urban Growth Headquarters, Noh Dong-young, said, “The Jochiwon-eup Northwest District, developed as a complex business district, is close to the 7,000 new public housing sites designated by the government last August, and is expected to serve as the economic central axis of the old downtown area in the future.”

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