Incheon Urban Corporation Invites Private Companies for 'Human Energy Town' Project in Geomdan New Town

Incheon Urban Corporation (iH) announced on June 5 that it will be accepting applications from private companies for the development of the 'Human Energy Town' in Geomdan New Town, Seo-gu, Incheon.

The Human Energy Town will be developed as a specialized energy complex that integrates residential complexes and a nature-friendly neighborhood park on 160,000 square meters on the western side of Central Lake Park in Geomdan New Town.

Location map of Incheon Geomdan Human Energy Town. Provided by Incheon Urban Corporation.

The site open for application consists of two plots of land for apartment housing (about 90,000 square meters), with a planned supply price of 229.3 billion won.

Eligibility is limited to consortia composed of up to five corporations. The lead company must hold at least a 30% stake (each participating company must hold at least 5%), and at least one member must be a qualified housing construction business operator. The project operator will be selected based on an evaluation of the business plan for the integrated development of the two plots.

Ryu Yoonki, President of iH, stated, "Geomdan New Town is the fastest-growing area in Incheon in terms of population and has abundant growth potential." He added, "We will expedite the development of the Human Energy Town by selecting an outstanding private business operator and create a residential complex that meets at least Grade 4 of the Zero Energy Building (ZEB) certification and aligns with the concept of the specialized zone."

This content was produced with the assistance of AI translation services.