Kolon LSI Wins 10 Billion KRW Contract for New Mixed-Use Building Construction in Dogok-dong

Mixed-Use Residential and Commercial Complex Project from Basement Level 2 to 10 Floors Above Ground... Total Construction Cost Approximately 10 Billion KRW
Excellent Environmental Infrastructure Expected to Meet New Apartment Demand in Dogok-dong Area
Continuous Expansion of Business Areas Including Real Estate Development, Acquisition and Sale, Remodeling, and Environmental Projects

Aerial view of Kolon LSI Dogok-dong mixed-use residential and commercial facility new construction project.

[Asia Economy Reporter Kangwook Cho] Kolon LSI, a comprehensive leisure and real estate service company, announced on the 18th that it has secured a contract for the construction of a new residential-commercial complex in Dogok-dong, Gangnam-gu, Seoul.

This project targets an area of 1,321㎡ including lots 902-1 and 2 others in Dogok-dong, Gangnam-gu, Seoul, and involves constructing one residential complex building with 2 basement floors and 10 above-ground floors. The total construction cost is approximately 10 billion KRW, and the construction period is 20 months from the start of the building work. The project is scheduled to commence this month, with Way2Go Co., Ltd. in charge of implementation.

The Dogok-dong residential-commercial complex consists of 29 apartment units and neighborhood living facilities. It is adjacent to the Gyeongbu Expressway and Dongbu Expressway, and is located in a triple station area with access to Yangjae Station on Subway Line 3 and the Shinbundang Line, as well as the soon-to-open GTX-C line, offering excellent transportation conditions. Additionally, within a 1 km radius, there are various educational, leisure, and convenience facilities, providing outstanding living infrastructure.

A Kolon LSI official stated, "We are continuously increasing our order records, focusing on high-quality new construction and remodeling projects," adding, "Based on Kolon LSI’s long experience and know-how, we will lead the paradigm of residential culture in the long term through product and service specialization."

Meanwhile, established in 1973, Kolon LSI is a subsidiary of the Kolon Group specializing in comprehensive leisure and real estate services, operating leisure businesses such as hotels, resorts, and golf courses, as well as real estate development, operation consulting, and asset management. The company is gradually expanding its business areas into various fields including real estate development, acquisition and sale, remodeling, and environmental projects.

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