Daelim Wins Housing Redevelopment Maintenance Project in Seogeumsa Promotion Zone 5, Busan
DATE 2018.11.18
VIEW 1936
Daelim Wins Housing Redevelopment Maintenance Project
in Seogeumsa Promotion Zone 5, Busan
in Seogeumsa Promotion Zone 5, Busan
Bird's eye view
Daelim won the Housing Redevelopment Maintenance Project in Seogeumsa Promotion Zone 5, Busan. The project involves constructing 4,568 units of apartments in 26 buildings with 5 floors underground and 49 floors aboveground at 557-16, Seo-dong, Geumjeong-gu, Busan.
Perspective drawing
The total contract amount is KRW 879.7 billion (VAT exclusive). Daelim (35% stake, KRW 307.9 billion) and Korea Development Corporation (15% stake) will participate in the project through a consortium. The construction is slated to kick off in Oct. 2022 and to be completed in April 2026.
