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GMCC to Provide Commercial Sites

(GWANGJU = Newsis) The Gwangju Metropolitan City Corporation (GMCC) announced on February 17 that it will provide 53,029m2 of commercial sites in Gwangju-Jeonnam joint innovation city.

The sites are 7,575m2 per lot on average, and hotels, supermarkets and other business facilities can be built in the sites.

Land price will be set between KRW 1.487 million and KRW 1.33 million.

Applications will be accepted via the GMCC’s website between March 3 and 5, and successful bidder who offered the top price will be announced on March 6.

“The sites are the last ones left in the innovation city, and they are a great investment target as they are very close to apartment complexes and other commercial areas in the region,” said an official of the GMCC.

Source Text

Source: Newsis (Feb. 17, 2014)

** This article was translated from the Korean.