Designation of 'Land Transaction Permission Zone' in the Hosu Park Area of Dangjin, Chungnam

The site and surrounding area of the ‘Dangjin City Urban Lake Park Development Project’ being promoted in Dangjin, Chungnam, have been designated as a land transaction permission zone.

Chungnam Province announced on the 30th that 375 parcels (369,146㎡) in Daedeok-dong and Sucheong-dong, Dangjin City, will be designated as a land transaction permission zone until September 2026.

Provided by Chungnam Province

The designation of the land transaction permission zone aims to prevent real estate speculation activities that may arise from the development of the Dangjin Lake Park project, ensuring the project proceeds smoothly.

On the same day, Chungnam Province designated and announced Daedeok-dong and Sucheong-dong as a land transaction permission zone. The designation will take effect from the 4th of next month.

According to the designation, any land transactions exceeding 500㎡ for farmland, 1,000㎡ for forest land, and 250㎡ for residential land or other types within the zone must receive approval from the Mayor of Dangjin before concluding a sales contract.

Even if approval is granted, the land must be used for the originally approved purpose for a certain period. If a contract is concluded without approval or approval is obtained through fraudulent means, the offender may face imprisonment of up to two years or a fine.

For more detailed information regarding the land transaction permission targets and approval eligibility, inquiries can be made through the Land Management Division of Dangjin City.

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