DL E&C Unveils Acro Mokdong Regency with Han River Views Ahead of Construction Vote

The reconstruction project for Mokdong New Town Complex 6 in Seoul is ramping up its promotional efforts ahead of a construction company selection meeting. DL E&C has unveiled the 'Acro Mokdong Regency,' highlighting its unique design featuring views of the Han River and Anyangcheon, as well as conditions such as the burden of increased construction costs and deferred payment options for members.

During a presentation at the promotional center on June 16, Sim Jae-seok, head of DL E&C's urban redevelopment team, stated, "I believe this location offers the best in terms of education, transportation, and living infrastructure," while emphasizing that the key factors influencing the future value of Complex 6 are the Han River and Anyangcheon.

Traditionally, Mokdong has been recognized for its strong educational district, but DL E&C is focusing on the value of the Han River views for Complex 6. The company noted that Complex 6 is uniquely positioned among Mokdong's redevelopment sites to offer simultaneous views of both the Han River and Anyangcheon, and the design ensures that all member households can enjoy views of the Han River.

According to DL E&C, the original plan allowed only 714 units to have Han River views, but design changes have increased this number to 1,577. The rate of meeting the S-grade or higher river view standard for member households is approximately 116%, and 23 units have been specifically designed as 'River View Signature Units' with enhanced river views. The stable view towards Anyangcheon is also highlighted as a differentiating factor.

The promotional center for Acro Mokdong Regency features a model of the complex, a VR experience area, and one-on-one consultation booths.

DL E&C also explained the complex's design and community facilities. Of the total 2,173 units, 1,554 will feature specialized layouts, and the number of medium to large units has been increased by 226 compared to the original plan. Additionally, the company proposed three-sided panorama houses, view curation houses, duplex houses, and penthouses.

The exterior design involves the global architectural design group JERDE, structural design by the British engineering firm ARUP, and landscaping by MSP (Martha Schwartz Partners). Planned amenities include a drop-off zone, lobby lounge, sky lounge, and guesthouse. Community facilities will be centrally located and will offer a total of 48 programs, including an indoor swimming pool, family spa, and specialized educational spaces.

The parking plan is set at approximately 1.76 spaces per household. The complex will also feature a 1.6-kilometer circular walking path and themed gardens to create a nature-friendly landscaping environment.

Business conditions were also highlighted as key promotional points. DL E&C announced that it would absorb 50 billion won in increased construction costs due to rising prices before construction begins and will support 100% LTV for relocation costs for all units. This means that even for multiple homeowners facing current lending restrictions, approximately 60 million won in relocation costs can be provided.

Additionally, member contributions can be deferred for up to four years after moving in. Members can move in without paying contributions initially and can then pay in two installments after two and four years. DL E&C explained that this approach would reduce the financial burden on members and increase flexibility in financial planning.

The company also indicated that expanding the area for general sales and allocating profits from balcony extensions to the association could increase the association's revenue. Sim stated, "We have secured an additional 1,426 pyeong for general sales, which is expected to generate an average of about 100 million won in additional revenue per member household," adding, "Profits from balcony extensions will also be allocated to the association, securing an additional profit of about 11.6 billion won." They also proposed conditions for acquiring unsold units based on the initial general sales price.

DL E&C emphasized that Complex 6 is the fastest-moving project among Mokdong's redevelopment initiatives. Sim remarked, "Given that members have been waiting for a long time for this project, we will accelerate its progress and focus on creating a complex that enhances residential satisfaction."

The Mokdong Complex 6 reconstruction project is set to consist of 2,173 units across 14 buildings, with a maximum height of 49 stories above two basement levels. DL E&C has already secured the status of preferred negotiation partner through a sole bid, and the construction company selection meeting is scheduled for June 27 at Yangjeong High School.

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