GH Participates as Developer for 53,000-Unit 'Namyangju Wangsuk District' Project

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) will participate as a joint project implementer for the Namyangju Wangsuk Public Housing District, which will build over 53,000 housing units.

GH announced on the 19th that it has been designated as a joint project implementer for the 'Namyangju Wangsuk Public Housing District,' which is part of the government's plan to supply 300,000 housing units in the metropolitan area. The district will be developed on 8,654,000㎡ in the Jingeon-eup area of Namyangju City, creating over 53,000 housing units as one of the 3rd phase new towns.

GH is currently participating as a project implementer in the government's 3rd phase new town projects, including Hanam Gyosan, Gwacheon Gwacheon, Goyang Changneung, and Ansan Jangsang public housing districts.

Through this joint project implementer participation, GH plans to accelerate the Wangsuk district project in collaboration with Gyeonggi Province and Korea Land and Housing Corporation (LH), leveraging each institution's expertise and execution capabilities.

A GH official stated, "We will actively participate in the 3rd phase new town projects, including Namyangju Wangsuk district, to stabilize the housing market and supply high-quality affordable housing."

Meanwhile, the recent district designation change includes two corporate relocation sites to minimize business disruption for existing companies within the Wangsuk district and to improve the resettlement rate.

The corporate relocation sites are located in the Baeyang-ri area of Jingeon-eup, Namyangju City, covering 270,000㎡ (Jingeon 1), and the Yongjeong-ri area of Jingeon-eup, covering 450,000㎡ (Jingeon 2), where self-sufficient facilities and industrial facilities will be developed.

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