Daewoo Shipbuilding & Marine Engineering Construction Wins 47 Billion KRW Contract for New Residential-Commercial Complex in Sincheon-dong, Dong-gu, Daegu

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, a subsidiary of Korea Technology, a KOSDAQ-listed company, announced on the 21st that it has won a contract worth 47 billion KRW for a new residential-commercial complex construction project in Sincheon-dong, Dong-gu, Daegu.

This project involves the construction of a new residential-commercial complex at 290-5 Sincheon-dong, Dong-gu, Daegu Metropolitan City. The building will have 4 basement floors and 28 above-ground floors, comprising a total of 150 households along with neighborhood living facilities and auxiliary welfare facilities. The developer is Daeyoung Illusion.

The site area is 2,953.09091㎡ (893.31 pyeong), with a floor area ratio of 687.83% and a building coverage ratio of 63.66%. Construction is planned to commence in April 2022.

This residential-commercial complex is characterized by its location in Yeongnam region’s representative transportation hub, offering convenient transportation and extensive living infrastructure.

Notably, within 2 km are Daegu Metro Line 1’s Sincheon Station and Dongdaegu Station, as well as Line 2’s Beomeo Station, forming a triple station area. Additionally, the Dongdaegu Station complex transfer center provides access to KTX, SRT, and express buses, establishing a wide-area transportation network.

Moreover, nearby are Shinsegae Department Store, E-Mart, and Hyoshin Market, offering a convenient living environment. Parks such as Yashigol Park, Hwarang Park, Beomeo Park, and Daegu Children’s Grand Park allow residents to enjoy nature within the city.

The future value is also abundant. With the confirmation of the EXCO Line at Dongdaegu Station, major points in Daegu city will be accessible solely by urban rail, and a real estate station effect is expected.

A company official stated, “The location of this residential-commercial complex is emerging as a new residential town in Daegu due to its diverse transportation networks,” adding, “We expect a 100% sales rate due to its high future value and rich living infrastructure.”

He continued, “This year, along with focused strategies in the metropolitan area and major cities, we expect to join the 20 trillion KRW contract club through a virtuous cycle from safety to contract acquisition.”

Meanwhile, earlier this year, Daewoo Shipbuilding & Marine Engineering Construction was recognized for having the highest grade of ‘Very Excellent’ in the contractor category of the public construction safety management level evaluation released by the Ministry of Land, Infrastructure and Transport, certifying that its safety management system is the best in the country.

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