Siheung City Officially Accepts Purchase Applications for Long-Term Unimplemented Urban Planning Facility Sites

en.Wedoany.com Reported - Siheung City, Gyeonggi Province, announced on the 19th that it will officially accept purchase applications for long-term unimplemented urban planning facility sites.

The "Long-Term Unimplemented Urban Planning Facility Purchase Application" system refers to a mechanism where, if a privately owned land designated as an urban planning facility such as a road or park has not seen project implementation for over 10 years, local governments may purchase and compensate for it under this system.

The purchase target is limited to land parcels classified as "residential sites," and buildings and fixtures on such land are also included in the compensation scope. However, indirect compensation such as relocation support costs, business loss compensation, and residual land compensation are excluded.

Siheung City plans to decide on whether to purchase and notify applicants within six months of receiving the purchase application, and will complete the purchase process within two years from the date of notification.

A Siheung City official stated that the system will be continuously operated to minimize infringement on land owners' property rights due to long-term unimplemented urban planning facilities. The purchase process can only be initiated when the land owner voluntarily submits an application, so land owners are encouraged to actively pay attention and submit their applications.

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