[Report] "The Only Han River and Anyangcheon Riverview in Mokdong"... DL E&C Unveils 'Acro Mokdong Regency' Blueprint

Mokdong Complex 6 Promotional Center Opens on June 16
River Views Promised for 116% of Association Members
Additional 1,326 Pyeong Secured for General Sale
Private Contract Expected After General Meeting on the 27th

"Mokdong Complex 6 is the face of Mokdong New Town and the only complex in Mokdong that offers views of both the Han River and Anyangcheon Stream."

On June 16, at the DL E&C Mokdong Complex 6 promotional center established in Yangcheon-gu, Seoul, a model of the 2,173-unit complex was displayed, oriented toward the Han River and Anyangcheon Stream. DL E&C described the future vision of Mokdong Complex 6, which will be reborn as 'Acro Mokdong Regency' after reconstruction.

On the 16th, Jae-seok Shim, Head of the Southern Division of the Urban Maintenance Project Team, is giving an explanation at the DL E&C Acro Mokdong Regency Sales Office set up in Yangcheon-gu, Seoul. Photo by Lee Ji-eun

Mokdong Complex 6 is the first among the 14 complexes in Mokdong New Town to begin the process of selecting a construction company, and DL E&C, which has secured the status of preferred bidder, has opened the promotional center and begun welcoming the union members. DL E&C is expected to finalize a private contract through a general meeting for the selection of the construction company on the 27th, and has already presented the future blueprint of the complex to union members in advance.

Mokdong Complex 6, now in its 40th year since completion, currently consists of 1,368 units. Through the upcoming reconstruction, it will be transformed into a large complex named 'Acro Mokdong Regency,' with 14 buildings ranging from two basement levels to a maximum of 49 above-ground floors, totaling 2,173 units. The construction cost is 1.2868 trillion won, with a per-pyeong (3.3㎡) construction cost of 9.39 million won. Of the total, 580 units will be sold to the general public, and 1,362 units will be allocated to union members.

On this day, the promotional center repeatedly emphasized the views of the Han River and Anyangcheon Stream. According to DL E&C, Mokdong Complex 6 is expected to be the only complex among all 14 to offer simultaneous views of both the Han River and Anyangcheon Stream. With the exception of some lower floors, nearly all units around the 10th floor and above are expected to have views of Anyangcheon Stream, and approximately 800 out of the total 2,173 units are expected to secure views of the Han River as well. Initially, the union's proposal allowed for only 714 units to enjoy both the Han River and Anyangcheon views, but DL E&C suggested a design that would secure simultaneous views for 1,577 units, which is 116% of the union member units.

DL E&C stated, "The most decisive factor affecting future asset value is the view of the Han River and Anyangcheon Stream," and added, "In Banpo as well, actual transaction prices can differ by up to 1 billion won depending on whether the unit has a Han River view, so we focused on maximizing views during the design process of Mokdong Complex 6."

The proposed construction period is 49 months, which is 8 months shorter than the 57 months suggested during the bidding process for the reconstruction of Apgujeong District 5 (1,397 units). A representative from DL E&C explained, "By utilizing our unique BTS underground parking PC construction method, we can shorten the construction period compared to other companies."

On the 16th, a complex model was displayed at the DL E&C Acro Mokdong Regency promotional center set up in Yangcheon-gu, Seoul. Photo by Lee Ji-eun

In terms of project feasibility, DL E&C proposed financial terms to reduce the burden on union members. Considering the recent trend of conflicts between unions and constructors over construction costs at redevelopment sites, DL E&C suggested a condition where the company would shoulder 50 billion won of the price increase due to inflation. This is based on the increase in the construction cost index over the past three years, corresponding to about 18 months' worth of inflation. For relocation expenses, DL E&C pledged to provide 100% LTV financing, and promised to convert the 70 billion won bid deposit into union project funds at the certificate of deposit (CD) rate plus 0% immediately upon being selected as the constructor, thereby reducing the financial burden. Additionally, compared to the union's original plan, DL E&C secured 1,326 pyeong of additional general sales area, which is expected to increase the union's sales revenue by nearly 11.6 billion won.

A DL E&C representative emphasized, "Mokdong Complex 6 is progressing faster than any of the other 14 complexes," and added, "After the selection of the construction company, we will swiftly proceed with the project to create the most satisfying residential complex in Mokdong."

Meanwhile, out of the 14 Mokdong complexes, all except Complexes 3 and 7 have completed union establishment approval or designation of the project executor. Among these, Complexes 9, 10, 11, 12, and 14 are scheduled to select their construction companies in the second half of the year.

This content was produced with the assistance of AI translation services.