[Exclusive] LH Industrial Complexes Projected for '100% Sales' See 65% Unsold in Reality

100% Sales Rate Projected in Demand Surveys
Even LH's Internal Studies Point Out Limits of Demand Forecasts
"Verification Needed Before Joining 14 New National Industrial Complexes"

Industrial complexes that were expected to be 100% sold during demand surveys have recorded sluggish sales rates after the actual launch of sales.

According to materials obtained by Assemblyman Jang Jongtae of the National Assembly's Land, Infrastructure and Transport Committee from Korea Land and Housing Corporation (LH) on September 17, out of eight industrial facility sites covering 2.536 million square meters where sales had begun, 1.63 million square meters (64.5%) remain unsold.

The Suncheon Urban High-Tech Industrial Complex had not achieved any sales, resulting in a 100% unsold rate, while the Dongducheon National Industrial Complex also had 94.6% of its area unsold. Other notable examples include the Jeonju Carbon Materials National Industrial Complex (79% unsold), Namcheongju Hyundo General Industrial Complex (65.4%), Gyeongnam Aerospace National Industrial Complex (63.6%), and Daegu Yulha Urban High-Tech Industrial Complex (60.6%).

At the time of the demand survey, all these locations were projected to achieve a 100% sales rate. For the eight locations where sales have launched, demand surveys were carried out by the Korea Development Institute (KDI) and LH, with each conducting four surveys. Among them, the so-called 'malignant unsold properties'—industrial sites recorded as unsold after project completion—totaled 144 lots spanning 938,000 square meters, representing a value of 452.3 billion won. Of these, the Gyeongnam Aerospace National Industrial Complex accounted for 79 lots or 478,000 square meters (232.3 billion won), and the Miryang Nano Convergence National Industrial Complex accounted for 62 lots or 454,000 square meters (213.8 billion won).

Assemblyman Jang emphasized, "The purpose of industrial complexes is not merely their creation, but for companies to move in and for investment to follow, thus leading to job creation and revitalization of the local economy. In particular, for industrial complexes with long-term unsold properties, each case needs to be evaluated to determine whether it is due to location issues, a mismatch between targeted industries and actual corporate demand, or problems with infrastructure or sales conditions, and tailored measures should be established accordingly."

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