Yangju City Station District Development Project Implementation Approval Announced on March 13

Yangju City announced the implementation approval for the 'Yangju Station District Development Project' on March 13, 2017, including the designation of the urban development zone and the development plan.

The project covers 643,840㎡ (approximately 200,000 pyeong) of land in the Yangju Station and City Hall vicinity. The Greenbelt restriction was lifted last year, and the Gyeonggi Province Urban Planning Committee completed its review in February of this year.

Conducted under the 「Special Act on Support for Areas Surrounding U.S. Military Base Properties」, the project will be implemented by Yangju Station District Development PFV Co., Ltd., established through joint investment by Yangju City and private investors. The company plans to conduct compensation negotiations through the second half of 2017 and commence construction.

The project zone will feature residential complexes, a shopping mall complex, and community centers, creating a next-generation mixed-use city with self-sufficient functions in culture, administration, and residence.