Daishin Asset Trust will participate in the reconstruction project of the Chowoong Apartments in Pyeongchon, Anyang City. The company plans to accelerate the project after signing a memorandum of understanding (MOU) with the resident representatives and initiating the agreement process for preliminary project designation.
Daishin Asset Trust, a subsidiary of Daishin Securities, announced on November 10 that it has signed an MOU with the resident representatives for the reconstruction project of the Chowoong Apartments (A-13) in Pyeongchon.
With this agreement, Daishin Asset Trust will work to secure the preliminary project designation agreement. The company aims to proceed with the formal project designation in accordance with related administrative procedures, including the designation of a special maintenance zone and the announcement of the maintenance plan.
The proposal for the designation of a special maintenance zone for the Chowoong Apartments was completed in July. The company is currently in discussions with relevant agencies, including the Urban Planning Committee, and is following up on procedures aimed at obtaining the special maintenance zone designation and announcing the maintenance plan.
The project site is located at 896-6 Pyeongchon-dong, Dongan-gu, Anyang City, covering an area of approximately 98,479 square meters. The reconstruction plans include the development of a residential complex with four basement levels and a maximum of 48 floors, totaling around 2,121 housing units.
The complex will be adjacent to Pyeongchon Station on Subway Line 4 and will provide access to major transportation networks, including the Gyeonggi-do First Circular Highway. Educational and convenience facilities are also available in the vicinity.
This agreement marks the initial stage of collaboration between the trust company and the resident representatives to pursue project designation. The actual timeline for project advancement may vary depending on the progress of subsequent administrative procedures, such as the designation of the special maintenance zone and the announcement of the maintenance plan.
Kim Song-kyu, CEO of Daishin Asset Trust, stated, "The Chowoong Apartments have high potential for redevelopment due to their excellent transportation and living infrastructure. We will systematically manage the project procedures based on our accumulated experience and expertise in maintenance projects to support smooth project advancement."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.