Incheon Namdong-gu, Land Use Survey of 9.55㎢ in Land Transaction Permission Zone

Namdong-gu, Incheon announced on the 26th that it will conduct a land use survey to establish a transaction culture centered on actual demanders for the land transaction permission zone.

The land transaction permission zone in Namdong-gu covers 9.55㎢ in areas including Guwol-dong, Susan-dong, and Namchon-dong. From September 21, 2021, to September 20 of this year, for land above a certain scale by land use district, parties intending to enter into contracts to transfer or establish ownership or superficies rights must obtain permission from the district office chief.

Incheon Namdong-gu Office

In this survey, the district office plans to focus on actual residence for residential use, self-cultivation (farming)·non-use·facility farming for agricultural (forestry) use, and whether development projects have commenced for development use.

According to the survey results, if land use obligations are not fulfilled, an order to comply will be issued, and if compliance is not met within the period specified in the order, a penalty fee of up to 10% of the land acquisition price will be imposed.

Park Jong-hyo, Mayor of Namdong-gu, said, "We will strive to investigate the actual status of land use to prevent speculative land transactions and establish a transaction order centered on actual demanders, thereby promoting price stability and rational use of land."