High Capital Requirements Hinder Large Trailer Land Sales
- The Dangjin Seokmun Industrial Complex is facing significant challenges in achieving its land sale targets, with specific parcels designated for trailer-related use remaining unsold for several years.
- The difficulty in selling these specific plots is attributed to their immense scale.
- Due to the size of these lots, the current reality is that they are difficult to distribute unless a corporation with sufficient capital enters the market.
The Dangjin Seokmun Industrial Complex is facing significant challenges in achieving its land sale targets, with specific parcels designated for trailer-related use remaining unsold for several years. According to reporting from Dongyang Ilbo, the struggle to fill these plots is undermining previous pledges to reach a 100% occupancy rate.
The difficulty in selling these specific plots is attributed to their immense scale. The land designated for trailer use, identified as Code 30, consists of large parcels ranging from 30,000 to 35,000 pyeong.
Due to the size of these lots, the current reality is that they are difficult to distribute unless a corporation with sufficient capital enters the market. This financial barrier has left a portion of the industrial complex’s land vacant, contradicting the goal of full occupancy.