Supply of the last mega-scale development site for the apartment building in the capital region in 2014

– Supply of a total of 6 lots of land for the apartment building valued at 960 billion Won in the Jigeum District in the Dasan New Urban Center –

Gyeonggi Urban Innovation Corporation announced on the 21st that the land for the apartment building in the Jigeum District in the Dasan New Urban Center, Namyangju will be supplied. Land to be supplied is the land for the apartment building with units with floor spaces in the range of 60㎡~85㎡ and includes a total of 6 blocks of land with total area of 357,238㎡ valued at 961.3 billion Won.

This is not only the largest patch of land to be supplied for apartment building development in the capital region since the announcement of the 9.1 real estate policies by the government to abolish the law on the promotion of residential estate development but also the last land for the apartment building to be sold this year. It is anticipated that there would be a high level of interest from the corporations and investors wishing to secure highly promising location for residential development.

The Dasan New Urban Center in Namyangju is a new city development with total land area of 4.75 million ㎡ and is situated at the center of the east to west development axis that links Guri, Donong and Hopyeong, and the south to north development axis that links Byeolnae, Galmae, Hanam Misa and Wirye New Urban Center.

In addition, the location is equipped with excellent public transportation network that enables the residents of the area to reach the Jamsil Subway Station in 30 minutes by using the Seoul Outer Beltway Road or extension line of the Seoul Subway Route No. 8 (Byeolnae Line).

The 7 lots of land for the apartment building in the Dasan Jingeon District (311,645㎡ valued at 600.2 billion Won) in the vicinity of the Dasan Jigeum District was sold completely in the last June with the competition rate among the prospective buyers of 148:1 at the maximum.

Schedule for the supply includes completion of reception of application on and drawing of the winner will be held on December 8, and sales contracts will be executed from December 11. More details can be found in the official website of the Gyeonggi Urban Innovation Corporation ( http://www.gico.or.kr) and the government’s land sales system ( http://buy.gico.or.kr).

Dasan New Urban Center is the integrated brand city of the Dasan Jigeum District and Dasan Jigeon District and will be established to accommodate a total of 30,000 households with anticipated number of residents of approximately 85,000 in the general regions of Jigeum-dong and Donong-dong in Namyangju City.