Participation in Large-Scale Redevelopment Projects with Excellent Transportation Environment Including Line 7 and Seobu Line
Daishin Asset Trust, an affiliate of Daishin Securities, is entering the Sangdo-dong housing redevelopment project.
Daishin Asset Trust announced on the 28th that it has signed a memorandum of understanding (MOU) to participate in the Sangdo 15 District housing redevelopment project in Dongjak-gu, Seoul.
The Sangdo 15 District housing redevelopment project was designated as a rapid integrated planning target site in March. Rapid integrated planning offers advantages such as eased regulations and the promotion of integrated reviews for construction and transportation environments, improving project feasibility. It also has the effect of shortening the project duration.
During the request process for the maintenance plan formulation, the Sangdo 15 District housing redevelopment project achieved a consent rate of 59% within just two weeks without external assistance, raising expectations for swift redevelopment progress.
The Sangdo 15 District, a large-scale complex with approximately 3,200 households, is located near Line 7 subway stations, and the upcoming opening of the Western Line, which runs through southern Seoul, is expected to further improve the transportation environment. Additionally, the Jangseungbaegi Comprehensive Administrative Town is planned to be established nearby.
Kim Song-gyu, CEO of Daishin Asset Trust, stated, "We will leverage the proactive willingness of the landowners in Sangdo 15 District and the advantages of rapid integrated planning to lead a swift and highly feasible redevelopment project."
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