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Seoul Metropolitan Government’s Plan to Reduce Accommodation and Exhibition Facilities in Sangam DMC Landmark Project

Reduce the proportion of accommodation and exhibition facilities such as hotels and conventions
Year-end re-announcement in progress… Developed in conjunction with Seoulling, etc.

▲ DMC Landmark Site in Sangam-dong, Mapo-gu, Seoul Provided by the Seoul Metropolitan Government In order to complete the Sangam DMC Landmark Project in Mapo-gu, Seoul, which has been adrift for over 20 years, the Seoul Metropolitan Government is pushing for changes to the district-level plan that includes increasing the proportion of residential facilities and reducing the proportion of lodging facilities.

The Seoul Metropolitan Government announced on the 11th that it will conduct a public notice on district unit plan changes for two weeks starting from the 14th to attract investment in the Sangam DMC landmark.

The Sangam DMC Landmark, which has been promoted since 2004 as part of the Sangam Digital Media City development project, was originally designed to build a skyscraper symbolizing Seoul, but the sale failed five times due to concerns about business feasibility. When the fifth sale was also rejected on June 16, the city decided to change the district unit plan by collecting opinions from the real estate industry and experts.

Increase the proportion of residential facilities such as apartment complexes and officetels from less than 20% to less than 30% of the total floor area, and increase the proportion of other designated uses such as business facilities such as finance, insurance, and securities, education and research facilities, and broadcasting and communication facilities from more than 20% to more than 30%. ▲ Location of the DMC landmark site in Sangam-dong, Mapo-gu, Seoul. On the other hand, lodging facilities such as hotels, which were to be built more than 20%, were reduced to 12%, and cultural gathering facilities such as international conventions, performance halls, assembly halls, and aquariums were reduced from 5% to at least 3%. reduced to

This district-level plan is in the nature of a guideline, and the detailed architectural plan will be finalized through negotiations between the preferred bidder and the Seoul Metropolitan Government.

The city also reflected expert opinions on easing the conditions for business participation, formed an advisory group for land supply guidelines, discussed the matter, and decided to resume announcing land supply at the end of the year.

Kim Tae-gyun, head of the Seoul Metropolitan Government’s Economic Policy Office, said, “Seoul City is pursuing a project to make World Cup Park a famous site, with the goal of starting construction in 2025, such as Seouling Zero, Media Art Park, and Theme Forest Trail.” He added, “If the landmark site is connected to this, cutting-edge technology, nature, and tourism will be created.” “It is expected that it will establish itself as a metropolitan center in the northwest region.”

Reporter Oh Dal-ran

2023-09-11 04:46:18
#Sangam #DMC #Landmark #attempts #sell #increasing #housing #ratio #Seoul #Newspaper

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