'20 Years in the Making' Hwaseong Taean 3 District Section 1 to be Completed in May... 2,961 Households Move In
The first phase of the Taean 3 District residential land development project in Hwaseong, Gyeonggi Province, will be completed in May, 20 years after the project began.
According to Gyeonggi Province on the 2nd, the Hwaseong Taean 3 District project is a development initiative on a 1,188,000㎡ site in the Annyeong-dong area, with a budget of 897.8 billion KRW to develop residential land accommodating 3,763 households and 12,228 residents.
The project executor, Korea Land and Housing Corporation (LH), is conducting construction in two phases: phase 1 and phase 2. LH recently completed construction of the first phase area (214,000㎡, 2,961 households) and plans to request the Ministry of Land, Infrastructure and Transport to announce the completion. The Ministry is expected to make the announcement within this month.
The Hwaseong Taean 3 District project began planning in April 2003, and the implementation plan was approved in January 2005; however, construction was halted in 2007 due to the protection of cultural assets near the project site.
After resuming construction in 2017, the province has shortened the originally scheduled completion date for phase 1 by two months through collaborative efforts since February among local National Assembly members, provincial councilors, Gyeonggi Province, Hwaseong City, and the project executor (LH) to expedite completion.
After completion, Hwaseong City will carry out administrative procedures to organize cadastral records. In this process, the previous lot numbers within the phase 1 area of the Hwaseong Taean 3 District residential land development will be deleted and reorganized under new lot numbers. Subsequently, ownership registration transfer procedures will proceed.
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A provincial official stated, "With the completion of phase 1 of Hwaseong Taean 3 District, we can provide residential spaces that improve the quality of life for Hwaseong citizens," and added, "We will also work closely with Gyeonggi Province, Hwaseong City, and the project executor (LH) to promptly complete the second phase."
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