Gyeonggi Province to Hold Open Bidding for Mixed-Use Residential Land (C6) in Gyeonggi Convergence Town

[Suwon Ilbo=Park No-hun] Gyeonggi Province announced on the 5th that it will sell the C6 block, a mixed-use residential land in Gwanggyo New City, through open competitive bidding overseen by Gyeonggi Urban Development Corporation.

The C6 block comprises 216 units with a building coverage ratio of 60% and a floor area ratio of 400% or less, with residential floor area ratio capped at 280%. The site's greatest advantage is its convenient transportation accessibility, located adjacent to Exit 4 of Gwanggyo Central Station on the Shinbundang Line. The sale will proceed through open competitive bidding following announcement on the 5th to select the successful bidder.

The province plans to use development profits from the sale proceeds to construct essential transportation facilities including an underground parking lot and expanded surrounding roads, ensuring smooth progress of the Gyeonggi Convergence Town project.