Gwangju Nam-gu Energy Valley and Urban High-Tech Industrial Complex Lots for Sale... Interest-Free Installment Plans Offered

Supply of Mixed-Use, Commercial, Support Facility, Parking Lot, and Religious Sites

Applications and Bidding from May 6 to 7; Contracts Signed on May 11

5-Year and 10-Year Interest-Free Installment Options Available

Gwangju Urban Corporation will supply lots for sale in the completed industrial complexes located in Apchon-dong and Jiseok-dong, Nam-gu, Gwangju. The available lots include mixed-use, commercial, support facilities, parking lots, and religious sites within the Energy Valley Industrial Complex and the Nam-gu Urban High-Tech Industrial Complex.

According to Gwangju Urban Corporation on April 14, the lots being supplied this time are mixed-use and commercial lots, support facility sites, and parking lots in the Energy Valley Industrial Complex, as well as mixed-use, commercial, and religious lots in the Nam-gu Urban High-Tech Industrial Complex. The supply method and eligibility criteria differ depending on the purpose of each parcel.

Provided by Gwangju Urban Corporation

Mixed-use lots will be supplied through a lottery system. Applicants must be bona fide end-users and must pass the occupancy review by the Gwangju Free Economic Zone Authority. Commercial, support facility, parking lot, and religious lots will be supplied through a competitive bidding process via the Korea Asset Management Corporation's electronic asset disposal system, 'Onbid.' The highest bidder above the minimum supply price will be selected as the successful bidder.

For mixed-use lots, in-person applications will be accepted at the sales consultation office on the first floor of Gwangju Urban Corporation on May 6. From May 7 to 8, occupancy review and contract procedures will be conducted by the Gwangju Free Economic Zone Authority.

For general-purpose lots, electronic bid submissions will be accepted through Onbid from 10:00 a.m. on May 6 to 4:00 p.m. on May 7. The bid opening will take place at 10:00 a.m. on May 8. Final sales contracts for both types of lots will be signed on May 11.

Gwangju Urban Corporation will implement a flexible payment plan for contract terms. After paying 10% of the sale price as a down payment, buyers can choose between a 10-year or 5-year interest-free installment plan for the remaining amount. A discount rate will be applied for early payment before the scheduled payment date. In the event of a delayed payment, an annual late penalty interest rate of 7.5% will be charged.

Kim Seungnam, President of Gwangju Urban Corporation, stated, "The purpose of this lot supply is to secure a foundation for local industrial growth and support the stable settlement of tenant companies. We hope that the interest-free installment payment terms will help stimulate the local economy and attract businesses to the area."

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