Korea Land Trust Signs MOU with Bucheon Jungdong Joongheung Village Integrated Reconstruction Committee

Preparations Underway for Selection of Second-Round Special Maintenance Zones in First-Generation New Towns

On September 10, Korea Land Trust announced that it had signed a business agreement with the Bucheon Jungdong Joongheung Village Integrated Reconstruction Promotion Preparation Committee to promote a trust-based maintenance project. This agreement is aimed at the selection of the second round of special maintenance zones for the first-generation new towns.

Korea Land Trust and the Bucheon Jungdong Joongheung Village Integrated Reconstruction Promotion Preparation Committee took a commemorative photo after signing a business agreement on the 6th to promote the trust-based maintenance project. Photo by Korea Land Trust

The committee held a resident briefing session in June to explain the trust-based maintenance project, and in July, conducted a survey among property owners, resulting in the decision to proceed with the trust-based method. After a preliminary trustee bidding process in August, the business agreement was signed on the 6th.

Joongheung Village is one of the 18 special maintenance zones designated in Jungdong New Town. During last year's application for pilot districts, 9 out of 10 landowners agreed to the reconstruction, demonstrating strong support for development among residents.

A representative from Korea Land Trust stated, "To meet the expectations of the residents, we will quickly establish a special maintenance plan and strive to be selected as a second-round special maintenance zone."

In December last year, Bucheon City established the "2035 Bucheon Aging Planned City Maintenance Master Plan (Jungdong New Town)" and plans to promote maintenance projects for the 18 special maintenance (planned) zones. Next year, the city aims to complete the master plan for the redevelopment of Jungdong New Town and select the second round of special maintenance zones.

Bucheon Jungdong Joongheung Village is located in Jungdong, Wonmi-gu, Bucheon City, and consists of three complexes (Doosan Geukdong, Sindonga, Jugong Complex 6) with a total of 2,019 households. The area boasts an excellent educational environment with Joongheung Elementary and Middle Schools within the complex. It is part of a prime location near Sinjungdong Station on Subway Line 7. Within walking distance are Lotte Department Store, Bucheon City Hall, and Bucheon Central Park.

As of September 2025, Korea Land Trust has been designated as a preliminary project operator in major pilot districts of first-generation new towns, including Bundang and Bucheon. Since the implementation of the Urban and Residential Environment Improvement Act in 2016, the company has participated not only in maintenance projects but also in pilot district projects under the Special Act on Aging Planned Cities and private urban complex development projects.

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