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Sejong City construction in full swing

Summary: 한겨레 Construction for the city is now in full force following the Lee administration s withdrwal of the revised Sejong City Development Plan By Song In geol Sejong City is once again coming to life The PR office for the First Prime Apartments of the Korea Land Housing Corporation LH is full of cars and people from other places This apartment which is going into Sejong City s First Village housing complex has space for 1 582 families It is the first parceling out of property of the first stage of public housing which calls for the opening of 19 500 units by 2014 Some 10 000 people had visited the office as of Nov 2 Oh Seung hwan the vice head of LH s Sejong City construction team No 1 said We have a flood of inquiries from end users including a request by the Central Government Complex in Gwacheon to hold an explanatory session there He also said they are getting a lot of inquiries from merchants about store property Jeong Jun hee a 43 year old resident of Chochiwon Town Yeongi Township who is a licensed real estate agent said The parceling was more popular than expected thanks to it being the first of the new community cheap at 5 47 6 74 million Won a pyeong 3 3m by 3 3m and with great conditions like support for no interest loans covering 50 percent of the intermediate payment Since the Lee Myung bak administration withdrew its Sejong City Development Plan revisions the public sector has invested in a number of projects in the area starting with 3 5 billion Won $3 15 million in late June to build a southern connection for the Government Complex 54 7 billion Won for a bridge over the Mihocheon Stream 20 5 billion Won for a link to the connecting road to Osong Station and 65 4 billion Won to develop the 3 1 district Last month construction began on District 2 of Stage 1 of the Government Complex which had dragged on for a year Construction was originally scheduled for early last year but was delayed as the Lee administration pushed its modified plan for the city The construction itself is a yardstick to measure the administration s will to carry out the original plan which includes the moving of government ministries When District 1 which began in 2008 and District 2 are complete in 2012 12 bodies including the Office of the Prime Minister and 4 139 government employees will move there An official with Division 1 said When the Lee administration pushed its modified plan we wondered whether the city would become an administrative city even as we built the Prime Minister s Office The official went on to say Since the administration has decided on the original plan and work began on District 2 it really feels as if we are building now The Multifunctional Administrative City Construction Agency MACCA plans to begin Stage 2 of the Government Complex 2014 next year and Stage 3 in 2012 with plans to complete them in 2013 and 2014 respectively allowing for the smooth transfer of 36 government bodies by 2014 Work is currently underway on designing Stage 2 and 3 Groundbreaking begin in September on the construction of the Haengbok Apartments 500 units for low income locals Construction on Districts 1 2 1 4 and 1 5 trial complexes in front of the Government Complex is being delayed however as the 10 construction firms are asking for 80 4 billion Won in interest as of Oct 31 to be written off on land loans they have not paid on time The firms have played wait and see concerned about unsold apartments as the housing market s slump grew extended as the Lee administration pushed its revised plan Two firms including Ssangyong Construction canceled their contracts to purchase land The timing of the completion of the trial complex at 15 000 units is timed with arrival of government employees Because of this if construction is not finished on time it appears settling government employees and nearby merchants will run into difficulty The MACCA plans to resell the two plots of land whose contracts were terminated within the year and build a housing complex and use the rental space of the First Village Apartments as official residences The National Pension Service also plans to build 500 600 units of apartments Jeong Gyeong hee of the MACCA said We are trying to convince the ten construction companies to begin construction early next year at the latest and coming up with measures to settle people early including the building one room apartments and office apartments Please direct questions or comments to englishhani hani co kr 세상을 보는 정직한 눈 한겨레신문 구독 | 한겨레21 구독 공식 SNS 계정 트위터 www twitter com hanitweet 미투데이 http me2day net hankyoreh ⓒ 한겨레신문사 무단전재 및 재배포 금지 한겨레 Construction for the city is now in full force following the Lee administration s withdrwal of the revised Sejong City Development Plan By Song In geol Sejong City is once again coming to life The PR office for the First Prime Apartments of the Korea Land Housing Corporation LH is full of cars and people from other places This apartment which is going into Sejong City s First Village housing complex has space for 1 582 families It is the first parceling out of property of the first stage of public housing which calls for the opening of 19 500 units by 2014 Some 10 000 people had visited the office as of Nov 2 Oh Seung hwan the vice head of LH s Sejong City construction team No 1 said We have a flood of inquiries from end users including a request by the Central Government Complex in Gwacheon to hold an explanatory session there He also said they are getting a lot of inquiries from merchants about store property Jeong Jun hee a 43 year old resident of Chochiwon Town Yeongi Township who is a licensed real estate agent said The parceling was more popular than expected thanks to it being the first of the new community cheap at 5 47 6 74 million Won a pyeong 3 3m by 3 3m and with great conditions like support for no interest loans covering 50 percent of the intermediate payment Since the Lee Myung bak administration withdrew its Sejong City Development Plan revisions the public sector has invested in a number of projects in the area starting with 3 5 billion Won $3 15 million in late June to build a southern connection for the Government Complex 54 7 billion Won for a bridge over the Mihocheon Stream 20 5 billion Won for a link to the connecting road to Osong Station and 65 4 billion Won to develop the 3 1 district Last month construction began on District 2 of Stage 1 of the Government Complex which had dragged on for a year Construction was originally scheduled for early last year but was delayed as the Lee administration pushed its modified plan for the city The construction itself is a yardstick to measure the administration s will to carry out the original plan which includes the moving of government ministries When District 1 which began in 2008 and District 2 are complete in 2012 12 bodies including the Office of the Prime Minister and 4 139 government employees will move there An official with Division 1 said When the Lee administration pushed its modified plan we wondered whether the city would become an administrative city even as we built the Prime Minister s Office The official went on to say Since the administration has decided on the original plan and work began on District 2 it really feels as if we are building now The Multifunctional Administrative City Construction Agency MACCA plans to begin Stage 2 of the Government Complex 2014 next year and Stage 3 in 2012 with plans to complete them in 2013 and 2014 respectively allowing for the smooth transfer of 36 government bodies by 2014 Work is currently underway on designing Stage 2 and 3 Groundbreaking begin in September on the construction of the Haengbok Apartments 500 units for low income locals Construction on Districts 1 2 1 4 and 1 5 trial complexes in front of the Government Complex is being delayed however as the 10 construction firms are asking for 80 4 billion Won in interest as of Oct 31 to be written off on land loans they have not paid on time The firms have played wait and see concerned about unsold apartments as the housing market s slump grew extended as the Lee administration pushed its revised plan Two firms including Ssangyong Construction canceled their contracts to purchase land The timing of the completion of the trial complex at 15 000 units is timed with arrival of government employees Because of this if construction is not finished on time it appears settling government employees and nearby merchants will run into difficulty The MACCA plans to resell the two plots of land whose contracts were terminated within the year and build a housing complex and use the rental space of the First Village Apartments as official residences The National Pension Service also plans to build 500 600 units of apartments Jeong Gyeong hee of the MACCA said We are trying to convince the ten construction companies to begin construction early next year at the latest and coming up with measures to settle people early including the building one room apartments and office apartments Please direct questions or comments to englishhani hani co kr 세상을 보는 정직한 눈 한겨레신문 구독 | 한겨레21 구독 공식 SNS 계정 트위터 www twitter com hanitweet 미투데이 http me2day net hankyoreh ⓒ 한겨레신문사 무단전재 및 재배포 금지

Image Dimensions: 520 x 328