Re-distribution of Gwanggyo New City’s Work Complex SiteLot (D3 Block)

□ Gyeonggi Urban Innovation Corporation is planning to redistribute work complex lot D3 Block within Gwanggyo Housing Site Development District (1021 Bun-ji, Ha-dong, Suwon City).

□ D3 Block is the only work complex site within Gwanggyo New City and work related facilities as well as residential․commercial facilities may be established together. D3 Block comprises of an area of 50,957.3㎡, the building-to-land ratio is 60%, floor area ratio is 270% (Residential sector:243%), average distribution size per household is 132.23㎡ and not only 936 households can move in but also it is located in the heart of the Gwanggyo Lake Garden thus it prides in its scenic landscape.

□ Gwanggyo New City D3 Block entered into contract in February 2012 for implementation but due to the Developer’s circumstances, on February 7, the Site Return Rights was exercised and the contract was terminated. Following such, an appraisal and assessment will be carried out in February and this lot is bound to find its new owner through a competitive bidding.

□ Considering the outstanding locational conditions of Gwanggyo New City, it is expected to attract the interest of local construction conglomerates facing difficulties in discovering proposed sites of massive projects.