Geomdan New City Phase 5 in Incheon to Be Completed by Year-End... 16 Multi-Family Housing Blocks to Be Supplied

On March 24, Incheon City announced that it plans to complete the fifth phase (2.4㎢) of the residential land development project for Geomdan New City in Seo-gu, the city’s second-generation new town, by the end of this year.

The fifth phase covers an area of approximately 2.4 million square meters and will include 16 blocks for multi-family housing sites, as well as sites for housing construction. Urban infrastructure such as parks and green spaces, roads, and water and sewage systems will also be established.

Geomdan New City is a major new town development project in the northwestern area of Incheon, featuring a large-scale residential land development initiative that combines residential, commercial, educational, and park facilities. After being designated as a residential development zone in 2007, the development plan was approved in 2009, followed by the implementation plan in 2010. Full-scale construction began in 2015.

Phase-by-Phase Development Plan for Geomdan New Town in Seo-gu, Incheon. Provided by Incheon City

The project is being jointly implemented by the city, Incheon Housing and City Development Corporation (iH), and Korea Land and Housing Corporation (LH), with a total project budget of KRW 8.4 trillion. The plan is to complete the entire development by 2028, creating a total residential land area of 11.1㎢ to accommodate 76,000 households and a population of 187,000.

The land development is being carried out in seven phases, with phases 1 through 4 completed as of last year. The remaining sixth phase (1.409㎢) and seventh phase (1.148㎢) will be completed sequentially by the end of next year and the end of 2028, respectively.

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