Designation of 'Land Transaction Permission Zone' for Chungnam Naepo Cluster

Chungnam Province announced on the 18th that the project site for the "Naepo Agricultural Life Green Bio Cluster (hereinafter Naepo Cluster)" will be designated as a land transaction permission zone.

The Naepo Cluster is planned to be developed on a site of approximately 1.67 million square meters in Sapgyo-ri, Sapgyo-eup, Yesan-gun. The area designated as the land transaction permission zone covers 1,666,644 square meters across four villages including Sapgyo-ri, Sapgyo-eup, and the designation period is until October 22, 2026.

Location map of the 'Naepo Agricultural Life Green Bio Cluster' project site designated as a land transaction permission zone. Provided by Chungnam Province

The designation of the land transaction permission zone was made to prevent real estate speculation driven by expectations for the Naepo Cluster development promoted by Chungnam Province and Yesan-gun, and to successfully support the development project.

The designation takes effect from the 23rd of this month. Under this designation, when trading land within the designated area, if the transaction exceeds 60㎡ in residential areas, 150㎡ in commercial areas, 150㎡ in industrial areas, or 200㎡ in green areas, the parties involved must obtain prior land transaction permission from Yesan-gun before concluding the sales contract.

Additionally, after permission is granted, there is an obligation to use the land according to the originally approved purpose for 2 to 5 years depending on the land use type.

Im Taek-bin, Director of the Land Management Division of Chungnam Province, stated, “By designating the permission zone, we aim to prevent real estate speculation and land price increases following the development announcement, block planned real estate speculation, and protect the property rights of local residents.”

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