Completion of Land Development Project in Singyeongju Station Area... 6,300 Apartment Units for Sale

53,000㎡ Land Sale in Hwacheon Area, Geoncheon-eup, Gyeongju City

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] Gyeongbuk Province announced on the 18th that the site development construction for the Shin Gyeongju Station area development project, promoted as a hub cultivation-type regional development project, has been completed.

This project involves the creation of public offices, elementary schools, parks, and green spaces. After being designated as a development promotion organization in 2011, the project went through the designation of a comprehensive regional development district, regional development project area designation, and various approval procedures, completing the site development construction after 12 years.

With the completion of the site development construction for the Shin Gyeongju Station area development project on a 532,449.8㎡ (160,000 pyeong) area around Hwacheon-ri, Geoncheon-eup, Gyeongju City, by 2026, 6,300 apartment units along with commercial and office facilities will be built here, and a proton accelerator research center will also be established.

Site development project area in the Shin-Gyeongju station district where land preparation construction has been completed.

Additionally, to the south of the Shin Gyeongju Station area development project site, the ‘Shin Gyeongju Station Area Haeoreum Platform City Development Project’ was finally selected as a hub cultivation-type investment leading district in the Ministry of Land, Infrastructure and Transport’s 2022 public contest, and it is planned to be developed as an investment leading district as well.

The ‘Shin Gyeongju Station Area Haeoreum Platform City Development Project’ mainly involves constructing the Haeoreum Platform Center (a complex transfer center), the center of the Gyeongsang region’s wide-area transportation, around the Shin Gyeongju KTX Station area, expanding the nearby proton accelerator, and establishing a linked cluster in line with the creation of the SMR national industrial complex.

It also plans office functions and knowledge industry centers to support business startups, creates a cooperative win-win platform through an MOU with Korea Hydro & Nuclear Power, and aims to improve the residential environment by expanding public housing, living infrastructure, and leisure and cultural commercial facilities.

Lee Cheol-woo, Governor of Gyeongbuk Province, said, “With the completion of the site development construction for the Shin Gyeongju Station area development project, we expect the creation of a new city with self-sufficient complex functions,” and added, “In connection with the selection for the investment leading district public contest, we will do our best in cooperation with local National Assembly members, Gyeongbuk Province, and Gyeongju City to foster it as a strong local city through the establishment of national scientific infrastructure such as the proton accelerator research center and attracting private investment.”

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