'Semiconductor Cluster Development Project Site' - Wongsam-myeon, Yongin City, Entire Area Redesignated as Land Transaction Permit Zone

[Suwon Ilbo=Park No-hun Reporter] Gyeonggi Province has redesignated the entire area of Wongsam-myeon, Cheoin-gu, Yongin City—60.1㎢—as a land transaction permit zone until March 22, 2023, in connection with the 'Semiconductor Cluster' development project.

The province held a deliberation of the Provincial Urban Planning Committee on the 4th and announced the decision on the 17th on the Gyeonggi Province website.

The Wongsam-myeon area was designated as a land transaction permit zone in March 2019 due to concerns about speculative demand inflows from the semiconductor cluster development project, with the designation period set to expire on the 22nd of this month. The Provincial Urban Planning Committee explained that it decided to extend the designation for one year, taking into account factors including the fact that the grounds for the land transaction permit zone designation have not been eliminated due to project delays including land compensation.

However, following the announcement of the semiconductor cluster development project, land prices surged, and Baekam-myeon—designated as a land transaction permit zone together with Wongsam-myeon—covering 65.7㎢ will have its permit zone lifted starting from the 23rd of this month as its designation period expires.

Meanwhile, the Gyeonggi Province Special Judicial Police Division conducted investigations into illegal speculative activities in the semiconductor cluster development project area last year, identifying 43 individuals including real estate speculators and people involved in fraudulent registration of residence.