Korea Tech Subsidiary Wins 153.5 Billion Won Apartment Construction Contract in Sokcho Jangsadong

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, a subsidiary of Korea Technology, a KOSDAQ-listed company, announced on the 18th that it will participate in the construction of a terrace house project worth 153.5 billion KRW in Jangsa-dong, Sokcho-si, Gangwon Province, and proceed with sales.

Aerial view of Terra House in Jangsa-dong, Sokcho-si, Gangwon.

The Sokcho Jangsa Terrace House will be developed as a townhouse complex with terraces in 27 buildings ranging from basement level 1 to ground level 4, located at San 85, Jangsa-dong, Sokcho-si, Gangwon-do, with a land area of 150,637.00㎡ and a total floor area of 84,779.8㎡.

This complex, situated in Sokcho, a tourist hub known for Seoraksan Mountain and the East Sea, features a luxurious exterior reminiscent of a golf village and terraces that offer views of pristine nature.

With Yeongnangho Lake, Guksabong, Cheongchoho Lake Park, Citizen Water Park, and Cheongcho Stream nearby, residents can enjoy a pleasant leisure lifestyle at any time. The area is also home to many schools including Soya Elementary, Gyodong Elementary, Seorak Middle School, Seorak Girls' Middle School, Sokcho Middle School, and Sokcho Girls' High School, providing an excellent educational environment.

In particular, with the planned KTX Sokcho Station just a 10-minute drive away, access to Seoul and the metropolitan area will be possible within two hours, significantly improving transportation conditions.

A representative from Daewoo Shipbuilding & Marine Engineering Construction stated, "Sokcho Terrace House will fully satisfy residents' needs who want to enjoy nature while benefiting from abundant infrastructure such as education, culture, housing, and transportation."

They added, "The construction market in the Sokcho area is expected to become more active due to the super favorable factor of the KTX opening. We will actively pursue additional orders beyond the recent 200 billion KRW worth of contracts achieved in the Sokcho area."

Meanwhile, since February last year, Daewoo Shipbuilding & Marine Engineering Construction has achieved six consecutive full sales by early closing of sales for 'Pyeongtaek New Vision Elcrew,' 'Gyeongbuk Seongju Sweet M Elcrew,' 'Dongdaegu Station Elcrew Avenue One,' and recently 'Seosan Seokrim Elcrew Edufore,' 'Sokcho Yeongnangho Elcrew,' and 'Busan Gijang Station Elcrew The First.' Due to continued orders, the company has raised its annual target to 2.2 trillion KRW this year.

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