LH Gwangju Jeonnam, Supply of Land Return System for Logistics Facility Sites in Bitgreen Industrial Complex

LH Gwangju-Jeonnam Regional Headquarters (Head Kim Jae-kyung) announced on the 19th that it will supply 5 parcels of land for logistics facilities in the Bitgreen National Industrial Complex (Phase 2) under the Land Return System.

The Land Return System is a scheme where, after a certain period following the signing of a sales contract, if the buyer exercises the return right, the full amount paid including the deposit is refunded and the contract is canceled.

Location map of Bitgreen National Industrial Complex. [Photo by LH Gwangju Jeonnam Regional Headquarters]

The land subject to this Land Return System supply is the only logistics facility land within the Bitgreen Industrial Complex, with an area ranging from 8,489 to 16,063 m2, and the supply price is approximately 760,000 KRW per 3.3 m2.

It is also 52% cheaper compared to the nearby logistics facility land in Pyeongdong 3rd phase (1,570,000 KRW) and 39% cheaper compared to Jingok Industrial Complex (1,240,000 KRW), and has excellent accessibility to the Bitgreen logistics facility land via the four-lane road on National Route 22 between Yeonggwang and Gwangju.

Payment conditions allow installment payments at six-month intervals for up to 3 years, and the land usage period is available from October 2024.

The supply procedure is conducted jointly by the Korea Industrial Complex Corporation and LH, with the Korea Industrial Complex Corporation handling the move-in related procedures and LH responsible for contract and supply-related procedures.

Applicants must apply for sale on LH Subscription Plus from the 6th to the 7th of next month and apply for move-in to the Korea Industrial Complex Corporation from the 6th to the 13th of next month.

After the move-in screening by the Korea Industrial Complex Corporation, successful applicants will be selected by lottery on the 14th of next month, and winners must sign move-in contracts with the Korea Industrial Complex Corporation and sales contracts with LH from the 15th to the 16th of next month.

For more details, check the announcement on LH Subscription Plus or contact the sales department of LH Gwangju-Jeonnam Regional Headquarters.

Asia Economy Honam Reporting Headquarters, Reporter Kim Yuk-bong baekok@asiae.co.kr

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