Six Complexes Under Reconstruction Maintenance Plan in Yongin Face 'Building and Land Subdivision Restrictions'
Yongin City in Gyeonggi Province announced on the 13th that six apartment complexes undergoing redevelopment planning within the region have been designated as 'Redevelopment Maintenance Restriction Areas.'
The targeted complexes are ▲Gongsin Yeonrip Housing (Cheoin-gu, Gimnyangjang-dong 201-3 area) ▲Gugal Hanseong 1st Complex (Giheung-gu, Gugal-dong 380 area) ▲Gugal Hanseong 2nd Complex (Giheung-gu, Gugal-dong 385-1 area) ▲Suji Samsung 4th Complex (Suji-gu, Pungdeokcheon-dong 663-1 area) ▲Suji Hanseong (Suji-gu, Pungdeokcheon-dong 698-2 area) ▲Suji Samsung 2nd Complex (Suji-gu, Pungdeokcheon-dong 692-1 area).
The restricted activities include construction of buildings (including division of exclusive parts of collective buildings and conversion in the building register) and land subdivision, as stipulated by the 'Act on Maintenance and Improvement of Urban Areas and Dwelling Environment.'
Restrictions in redevelopment maintenance areas are designated to limit construction and subdivision activities on buildings and land within areas where redevelopment maintenance plans are being developed, for a period of up to three years.
This administrative procedure is conducted before the confirmation of maintenance zones and plans to prevent acquisition of pre-sale rights, speculative activities, ownership of commercial spaces within apartment complexes, and land subdivision aimed at joining associations.
The restriction period is three years from the announcement date and can be extended once for up to one year. Once the maintenance zone is designated and announced, the restrictions are automatically lifted the day after the announcement.
The 'Redevelopment Maintenance Plan and Maintenance Zone Designation Service' for the six complexes announced this time is currently underway.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
A Yongin City official stated, "We have issued this administrative notice to prevent speculative activities that may occur during the redevelopment process in advance," adding, "We will establish systematic plans to provide stable housing for citizens and create a pleasant city environment."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.