GICO, takes the first step for the successful development of Namyangju Dasan New Town

– 12 apartment lot parcel sellers in attendance… Informing of the current progress and collecting feedback

– 2,800 apartment units jointly made available by GICO, Daelim E&C and Lotte E&C this April

On the 3rd,  GICO (CEO Choi Geum-shik) held a meeting to gain feedback on the progress of land development for apartment construction and the difficulties experienced during project implementation from the 12 construction firms, which had received land for development in Dasan New Town.

This meeting was organized so that GICO and the private construction firms could improve the living environment of Dasan New Town through mutual cooperation, and such meetings are scheduled to be held on a regular basis in the future.

In Dasan New Town this coming April, some 2,800 apartment units will be made available for sale by Daelim E&C and Lotte E&C, which are currently collaborating with GICO, and private apartment sales will take place in sequence.

Go Pil-yong, the Dasan New Town Project Team Manager of GICO, stated, “By ensuring a pleasant natural environment and convenience in transportation through the extension of Byeolnae Line and other efforts, we will turn Dasan New Town into a city that is pleasant to live in.”

Namyangju Dasan New Town covers an area of 4.75 million m2 in Jigeum-dong and Donong-dong of Namyangju-si, with the capacity to accommodate 85,000 people and 30,000 households. Its construction and development is expected to be completed by 2018.