Osan City Launches Implementation Plan Project for Unammade Urban Development

[Suwon Ilbo=Reporter Park Chan-hyuk] Osan City announced on the 26th that it is on the verge of commencing the implementation plan project for the Unammade AI City urban development project (hereinafter Unammade urban development project).

The implementation plan project is the next step following district designation and development plan approval, and the city is diligently fulfilling prior administrative procedures to enhance feasibility.

According to the city, the Unammade urban development project is an urban development project that will invest approximately 704.4 billion won to construct approximately 4,000 units of multi-family housing along with public facilities and mixed-use commercial facilities on 584,000 square meters in the Osan-dong area.

The project saw its promotion halted due to a revision of the Urban Development Act in 2021 intended to prevent excessive development profits by private sector entities.

Following sustained consultations between the city and the central government, National Assembly, and Gyeonggi Province, the foundation for project promotion was established when the Urban Development Act was re-amended in July 2023 to extend the implementation of the revised act by three years. Subsequently, when Gyeonggi Province approved the district designation and development plan in June, a green light was given to the project.

However, the construction industry market has recently been shrinking due to rising construction costs, strengthened regulations, and financial tightness, raising questions about the urgency of project promotion. Nevertheless, the city is steadily carrying out subsequent administrative procedures, including laying the groundwork for resuming the implementation plan project for expedited project promotion.

A city official stated, "The fact that we are approaching the implementation plan project stage itself evidences that the project is proceeding without hindrance according to established procedures and schedules," adding, "We plan to focus on consultation with related agencies to complete the implementation plan approval procedures by the latter half of this year."

Mayor Lee Gwon-jae emphasized, "The Unammade urban development project must not be drawn into the maelstrom of political disputes," and "For project success, it is the top priority for Osan's political circle to cooperate in a bipartisan manner and work together to find solutions."