Re-designation of 'Land Transaction Permission Zone' for the Planned Defense Industrial Complex Site in Nonsan, Chungnam

Chungnam Province announced on the 28th that it has redesignated the planned site for the Nonsan Defense National Industrial Complex project as a land transaction permission zone.

The planned site for the Defense Industrial Complex is 0.8㎢ in the Dongsan-ri and Jukbon-ri areas of Yeonmu-eup, Nonsan City, and the redesignation period is until January 4, 2026.

Chungnam Province recently held a review by the Chungnam Provincial Urban Planning Committee and decided on the redesignation. The reason for the redesignation decision is the high concern over speculative demand inflow due to the Defense Industrial Complex project.

The current project site is in the early stage of the project where land compensation has not been completed, so the reason for designating the land transaction permission zone has not disappeared.

Originally, the designation of the land transaction permission zone in Yeonmu-eup was from January 2021 until January 4 of next year.

The land transaction permission zone is designated and operated to prevent speculative land transactions and rapid land price increases for the smooth promotion of development projects, and to induce land transactions centered on actual demanders.

According to the designation of the land transaction permission zone, if agricultural land exceeding 500㎡, forest land exceeding 1000㎡, or other land such as residential land exceeding 250㎡ is traded within the project site, permission from the Mayor of Nonsan must be obtained to conclude the sales contract.

Even if land transaction permission is granted, the land must be used only for the permitted purpose for a certain period, and if a contract is concluded without permission or permission is obtained by fraudulent means, imprisonment for up to two years or a fine may be imposed.

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