Executive Summary of the Project

 

    ◈  Introduction:  Existing land use plans consist of a mixed use type 1and 2 residential area.

                After 2011 there were no new apartment unit sales. The large 826 unit large apartment complex has a unique complex configuration. Located near green spaces that include Guksabong Peak, it is in a superior location compared to the Amco Aston Park Complex. I think there will be sufficient demand for selling the units.
                The area is densely populated by working class residents so the neighborhood is equipped with convenience amenities. A high competition rate is expected in actual demand because the cost of goods are generally cheaper compared to other areas.

     ◈ Topographical conditions and basic facility conditions
             
                Heading north one would pass the Noryang Fish Market, the 63 Building by crossing the Yeouido Saetgang Tributary, the Gongdeok-dong Rotary, and a downtown central location by crossing the Wonhyodaegyo Bridge.
 Heading south one would pass Guksabong Peak (Sangdo Park), Janggunbong Peak(sports park), and Gwanaksan Mountain.
                Heading east one would pass the Seoul National Cemetary, and central Gangnam. Heading west one would pass Boramae Park and the Guro Digital Complex.
  Residents can purchase agricultural and seafood products at a low cost from the largest wholesale fish market, the Noryangjin Fish Market located just nearby. An outdoor market, Seongdae Market, is within walking distance, as is a general hospital, Chung Ang University Hospital and Boramae Park. The cross streets at Jangseungbaegi Station are lined with various clinics and restaurants. There are large parks in the vicinity making it a convenient location for exercise or enjoying leisure activities. Guksabong Peak and Gwanaksan Mountain are also nearby making this a convenient location from which to embark on a hike

     ◈ Project Name:  Sang do dong  Apartment  Construction                        

     ◈ Developer Company: Jin Seung T&S CO, .LTD
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     ◈ Construction Companies: Hyundai, Samsung (Currently)

     ◈ Purpose of Project: Transaction prices of existing apartments in the vicinity Around 13,500~17,370 EURO per 3.3㎡
                

                  Close to Guksabong Peak (Sangdo) making this the
                  Best residential complex that harmonizes with the abundant green natural spaces Increase effect of 20% per 3.3㎡.
Good nearby environment infrastructure, residential, leisure
Good as an optimal residential neighborhood that combines large park infrastructure nearby and residential features
This region has not had a new build apartment in the last 5 years and is in dire need of deluxe residential supply
Fixed at a sale price that is lower than the market value of the neighborhood

    ◈ Development Summary:  Type 2 general residential region  826 number of unit Apartment  Construction

    ◈ Location: 30 lots outside of 65-74 San Sangdo-dong, Dongjak-gu,Seoul

    ◈ Plottage:  105,600 M²

    ◈ Developing Period:  3 years with all the permission from Central & local government. (2016/3 to 2019/3 ).

    ◈ The project management: The developer makes a joined company with a Company to manage the project. 

    ◈ The fund Management: The developer creates Garant co., Ltd to manage the project.

    ◈ Loan Amount: 262,210,000 (EURO)

    ◈ Involved Bank: KEB and Woori Bank (Currently)