Redesignation of Land Transaction Permission Zone in Bucheon Daejang Public Housing District Area

Bucheon City in Gyeonggi Province announced on the 2nd that the land transaction permission zone has been re-designated for the Daejang Public Housing District area (Gogang, Daejang, Ojeong, Wonjong, Samjeong-dong, 6.58㎢).

Accordingly, as before, land transactions within the land transaction permission zone require approval from the Mayor of Bucheon. The re-designation period is extended for one year until May 12 of next year.

The approval applies to land exceeding 60㎡ in residential areas, 150㎡ in commercial areas, 150㎡ in industrial areas, and 100㎡ in green areas.

Violations will result in imprisonment for up to two years or a fine of up to 30% of the land price at the time of contract conclusion.

A Bucheon City official stated, "It appears that the period was extended because the possibility of speculation still exists within the land transaction permission zone," adding, "With this re-designation measure, we aim to block speculative demand and allow acquisition only to actual demanders."

For more details on Bucheon City's land transaction permission zone, please visit the Bucheon City Hall website (Information by Category) or check via the QR code.

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