LH Supplies Residential Land in Suncheon Urban High-Tech Industrial Complex

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Korea Land and Housing Corporation Gwangju Jeonnam Regional Headquarters announced on the 20th that it will supply multi-family residential land within the Suncheon Urban Hi-tech Industrial Complex.

The target site is the only privately sold multi-family residential land within the Suncheon Urban Hi-tech Industrial Complex, a site of 19,041㎡ where 363 units of 60 to 85㎡ exclusive area can be constructed.

The supply price is 19.6 billion KRW and will be allocated by lottery.

The Suncheon Urban Hi-tech Industrial Complex, where the site is located, is an industrial complex developed on a scale of 190,000㎡ at 142-1, Yahung-dong, Suncheon City. Construction began in December 2020 with a project cost of 53.4 billion KRW and is scheduled to be completed by December 2025.

Suncheon City Hall is located about 4 km from the project site, and the Ocheon Residential Development District and Suncheon Bay Ecological Park are adjacent within 3 km, making the location favorable.

National Local Road No. 2 passes west of the project site, and it is adjacent to the Namhae Expressway, providing excellent regional accessibility.

Submission of applications and payment of application deposits will be accepted from 10 a.m. to 4 p.m. on the 27th, with the lottery held on the same day and results announced after 6 p.m.

Companies that receive the multi-family residential land must conduct pre-sale within six months from the contract date, so housing sales are expected to proceed soon thereafter.

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