Daishin Asset Trust Signs MOU for 'Pyeongchon Chowon Buyeong Apartment Reconstruction Project'

Daishin Securities, an affiliate of Daishin Securities, has signed a memorandum of understanding (MOU) with the residents' representatives for the reconstruction project at Chowon Buyeong Apartment (A-13) in Pyeongchon, Anyang, Gyeonggi Province.

At Daishin Finance Center in Jung-gu, Seoul, Daishin Asset Trust CEO Kim Songgyu (fifth from left) signed a memorandum of understanding (MOU) with the residents' representative group for the reconstruction project of Pyeongchon Chowon Booyoung Apartment. Daishin Securities

According to Daishin Asset Trust on November 10, under the agreement, the company will begin collecting consent forms for the designation of a preliminary project operator. It will pursue designation as the project operator in line with the relevant procedures, including the future designation of a special maintenance zone and the official announcement of the maintenance plan.

The reconstruction project for Chowon Buyeong Apartment completed the submission of a proposal for designation as a special maintenance zone in July. Consultations are currently underway with relevant agencies, including the Urban Planning Committee, with the designation of a special maintenance zone and the official announcement of the maintenance plan targeted for the second half of 2026.

The project site covers an area of approximately 98,479 square meters around 896-6 Pyeongchon-dong, Dongan-gu, Anyang, Gyeonggi Province. It is planned to be developed into a residential complex with approximately 2,121 households, with four basement levels and 48 floors above ground.

The site is adjacent to Pyeongchon Station on Subway Line 4 and offers convenient access to major transportation networks, including the Seoul Ring Expressway. It is also equipped with nearby educational and lifestyle amenities, and is considered to offer excellent residential conditions.

Kim Songgyu, CEO of Daishin Asset Trust, said, "Chowon Buyeong Apartment has strong potential for a reconstruction project, with excellent transportation and lifestyle infrastructure. Drawing on our accumulated experience and expertise in urban redevelopment projects, we will systematically manage the project procedures and support its smooth progress."

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