Sacheon IC Complex Distribution Industry Complex ‘Sacheon Sky City’ Land Sale Scheduled

September End Sale Announcement, Early October Bid Application, Mid-October Contract Signing

Gyeongnam Sacheon IC Complex Distribution Commercial District.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] The Gyeongnam Sacheon IC Complex Distribution Industry Complex Urban Development Project, which faced difficulties in project promotion for seven years due to a shortage of funds caused by financial sector loan avoidance and changes in private investors, has entered its main track with the launch of land sales.

According to Sacheon City, the Sacheon IC Complex Distribution Industry Complex Urban Development Project, being developed around 87 Sadari, Chukdong-myeon, Sacheon City, will sell commercial land for "Sacheon Sky City" through a public bidding process in early October. "Sacheon Sky City" refers to the Sacheon IC Complex Distribution Industry Complex.

The plan is to announce the sale at the end of September, receive bidding applications in early October, and proceed with contract signing in mid-October.

The Sacheon IC Complex Distribution Industry Complex Urban Development Project is a key project promoted by Sacheon City aimed at building general commercial and distribution industry infrastructure in preparation for the development of the western Gyeongnam industrial complex and increased demand, as well as revitalizing the local economy by utilizing abandoned highway land.

The project is being carried out through a public-private joint development method by establishing a special purpose company (SPC) with public investor Sacheon City and private investors Taewang ENC and HC Bukwang Industry.

The plan is to develop a total of 262,000㎡, including 163,386㎡ of commercial land (113,706㎥ for general commercial facilities and 49,680㎥ for distribution industry facilities) and 98,614㎡ of urban infrastructure land.

This area will include logistics facilities, wholesale and retail distribution complexes, warehouses, freight terminals, as well as sales facilities such as department stores and outlets, tourist hotels, agricultural and marine products distribution centers, and office facilities, allowing for multipurpose use.

The city expects that once the Sacheon IC Complex Distribution Industry Complex is established, it will not only revitalize the local economy through increased tax revenue and new job creation but also become a new landmark.

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