Pyeongchon A-9 District Signs Trust-Based Reconstruction Agreement with Korea Real Estate Investment & Trust Co., Ltd.

[Financial News] Pyeongchon A-9 District, one of the prominent sites slated for redevelopment in Pyeongchon New Town in Anyang, Gyeonggi Province, has joined forces with Korea Real Estate Investment & Trust Co., Ltd. to launch a trust-led integrated reconstruction project.
Korea Real Estate Investment & Trust Co., Ltd. said on the 12th that it had signed a memorandum of understanding (MOU) with the resident representatives of the Pyeongchon A-9 District integrated reconstruction and redevelopment project to ensure its successful implementation. In October, the resident representatives held a bid to select a preliminary project implementer. Korea Real Estate Investment & Trust Co., Ltd. was chosen as the final partner after submitting a proposal that included plans to shorten the project timeline, a permitting and approval implementation plan, and tailored consultation measures for the complex.
Located around 1054-6 Hogye-dong, Dongan District, Anyang-si, Gyeonggi Province, A-9 District consists of two complexes: Mokryeon Maeul Doosan Complex 6 and Woosung Complex 7. The area has drawn strong support and active participation from residents, recording an approval rate of 82% when residents submitted a proposal in February to pursue an integrated reconstruction and redevelopment project. Once reconstruction is complete, the district will be transformed from its current 906 households into a large complex of approximately 1,500 households.
The complex offers excellent living conditions and an outstanding educational environment. It is conveniently located near Beomgye Station on Seoul Subway Line 4, and close to the Pyeongchon private education district and Pyeongchon Central Park. Its appeal to parents is particularly strong, as Beomgye Middle School and Pyeongchon High School are located within the district.
Competition is heating up across Pyeongchon as six districts in total, including A-9 and the leading districts (A-17, A-18 and A-19), have completed submitting resident proposals for designation as special maintenance districts, seeking to secure a share of the approximately 4,800 households that could be selected in 2026.
A Korea Real Estate Investment & Trust Co., Ltd. official said, “Pyeongchon A-9 District has not only an outstanding location and strong business prospects, but also a very high level of enthusiasm among land and other property owners for participating in the project.” The official added, “We will do our utmost to accelerate the project by drawing on our expertise as a trust company and help the district become a premier residential complex representing Pyeongchon New Town.”

[email protected] Jeon Min-kyung Reporter