Seongnam Lifts Land Transaction Permit Zone Designation for 33.75 Sq. Km of Natural Green Areas
Permit zones for apartments remain in place
Check designation status before transactions
A total of 33.75 sq. km of natural green areas in Seongnam, Gyeonggi Province, has been released from land transaction permit zones. Land in these areas can now be bought and sold without special permission, but permit zones designated for apartments remain in place.
Seongnam City (Mayor Shin Sangjin) announced on Nov. 4 that land transaction permit zones designated for natural green areas in the city were lifted as of Nov. 3, in accordance with the Ministry of Land, Infrastructure and Transport's "Plan for the Rapid Supply of Housing" announced on Oct. 29.
The areas released were natural green areas designated as land transaction permit zones through the end of this year under the real estate measures announced on Aug. 13. Land transactions in these areas have been permitted without a separate approval procedure since Nov. 3, when the release took effect.
The city completed the relevant administrative procedures to reduce confusion among residents and updated the changes in land use plan confirmation documents. Before a transaction, people can check the document to see whether the land is designated as a permit zone.
However, land transaction permit zones designated for apartments are not included in this release, so caution is advised when making transactions.
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A Seongnam City official said, "We expect the lifting of these land transaction permit zones to reduce inconvenience for landowners and help them exercise their property rights and make use of their land." The official added, "We will continue working to reduce inconvenience for residents and stabilize the real estate market, including by actively considering lifting the designation in areas where the purpose of the land transaction permit zone has been fulfilled."
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