Business · Companies · 8 hrs ago
Daishin Asset Trust signs redevelopment deal for Anyang apartment complex
Daishin Asset Trust signed an agreement with residents’ representatives for the redevelopment of the Chowon Buyeong apartment complex in Pyeongchon, Anyang, South Korea.
The company will begin collecting residents’ consent to be named the project’s preliminary implementer.
The redevelopment area covers about 98,479 square metres and is planned to become a housing complex with about 2,121 homes, rising as high as 48 floors.
The project submitted a proposal for special maintenance zone designation in July, and discussions with planning authorities are under way.
The plan aims to replace the existing apartments with a large new housing complex in an area the company says has strong transport and local services.
Authorities are expected to consider the zone designation and maintenance plan next, with both targeted for the second half of this year.
Daishin Asset Trust signed a memorandum of understanding with the residents’ representative group for the Chowon Buyoung Apartment redevelopment in Anyang.
The company said it would begin collecting consent forms to be designated a preliminary project operator.
The redevelopment proposal was submitted for special maintenance zone designation in July, and discussions with relevant agencies are under way.
The project aims to build a complex of about 2,121 homes, with buildings ranging from four basement levels to 48 floors above ground.
- Who
- Daishin Asset Trust and the residents’ representative group for the Chowon Buyoung Apartment redevelopment.
- What
- They signed a memorandum of understanding for the redevelopment project.
- When
- November 10, 2026.
- Where
- Chowon Buyoung Apartment, Pyeongchon-dong, Dongan-gu, Anyang, Gyeonggi Province.
- Why
- The agreement is intended to support the redevelopment process and the company’s effort to become the project operator.
This story does not have two clearly opposing sides.
The redevelopment project submitted a proposal for special maintenance zone designation.
Daishin Asset Trust announced that it had signed an MOU with the residents’ representative group.
The project aims to secure special maintenance zone designation and an official decision on the maintenance plan.
- Project location
- Pyeongchon-dong 896-6 and surrounding area, Dongan-gu, Anyang
- Project area
- About 98,479 square metres
- Planned homes
- About 2,121
- Planned building height
- Four basement levels to 48 floors above ground
- Project agreement
- MOU signed November 10, 2026
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What people are saying
Chowon Buyoung Apartment has strong potential for redevelopment because it has excellent transport and lifestyle infrastructure.