Immediately before the announcement of Incheon Gyeyang New City, the land transaction surged Speculation suspicion

Gyeyang Techno Valley location map

picture explanationGyeyang Techno Valley location map

In Incheon Gyeyang Techno Valley, just before the 3rd new city designation, land transactions showed a sharp increase, raising suspicion of speculation.

According to the city of Incheon on the 9th, the government announced the 3rd new city plan in December 2018 to build a new city with 17,000 households and 39,000 people in 33,000 square meters in Dongyang-dong, Bakchon-dong, Gyuhyeon-dong and Sangya-dong in Gyeyang-gu by 2026. did.

At that time, Gyeyang Techno Valley’s designation of the 3rd new city was accepted as an unexpected result in the region.

Gyeyang Techno Valley was originally promoted as Incheon City’s own project to create a housing complex combined with an industrial complex. Because I couldn’t.

However, when looking at the land transaction volume at the time, much more transactions were made than usual before the new city was selected. It is possible that those who secured the business information participated in the land purchase procession.

According to the real estate transaction system of the Korea Real Estate Agency, in November 2018, the month just before the announcement of the new city, the pure land transaction volume in Gyeyang-gu was 336, the highest among the monthly records from 2017 to 2018.

During this period, the monthly land transaction volume in Gyeyang-gu was only 132 at least 52 (December 2017), but in November 2018, before the announcement of the new city, 2.5 times the previous monthly record.

In Dongyang-dong, Gyeyang-gu, which occupies a significant proportion of the project site, 1 to 4 transactions were made every month in the second half of 2018, and 8 transactions were made in November.

In all eight cases, land of 307-5,226 square meters was traded for 92 million to 980 million won.

The project implementation agencies of Gyeyang Techno Valley are Korea Land and Housing Corporation (LH) and Incheon City Corporation (iH), with a total project cost of 4.33219 billion won.

Of the total compensation cost of 1.2 trillion won, LH is expected to pay 1 trillion won and iH 250 billion won, and land compensation has already begun in December of last year.

Established a'corporate belt' in connection with Bucheon General Manager, Incheon Gyeyang and Seoul Magok

picture explanationEstablished a’corporate belt’ in connection with Bucheon General Manager, Incheon Gyeyang and Seoul Magok

Local residents are mentioning the possibility that the new city project information may have been leaked before the announcement.

A landowner in the new city’s planned site said, “I know the situation a little because I have owned the land inherited from my parents for more than 30 years. At that time, this is a green belt, so it is not developed, but no one will buy the land without any information.” “In the process of consulting with the local government, a lot of information must have flowed around,” he said.

Jeong Sook, chairman of the Incheon Branch of the Korea Certified Brokers Association, said, “Most knew that Techno Valley, another industrial complex connected to Seoun Industrial Complex in Gyeyang-gu, was coming. I heard that there were a lot of them.”

In Incheon City’s Gyeyang Techno Valley, an active investigation was initiated to determine whether there was speculative land transactions by public officials or public corporation employees.

On the 8th, Incheon Mayor Park Nam-chun instructed the city’s inspector’s office to conduct an active investigation without any doubts regarding the alleged speculation in the new city.

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