"Mok-dong New Town complex 6 is the only complex in Mok-dong with a location that allows simultaneous views of the Han River and Anyangcheon. DL E&C will maximize this locational advantage and, if selected as the Sigongsa, make Mok-dong 6 a complex that represents Mok-dong in terms of project speed, asset value, and residential satisfaction."Sim Jae-seok, DL E&C urban redevelopment business team Director General
On the morning of the 16th, the official promotional center for "ACRO Mokdong Regency" opened in Mok-dong, Yangcheon-gu, Seoul. From shortly after opening, members of the Mok-dong New Town complex 6 association streamed in. They stood in front of the complex model to check the building-by-building layout and view orientation. One member was asking a staffer, "From which building can you see the Han River?" and "From what floor is an Anyangcheon view possible?" Staff pointed to the model and explained the views and floor plans by building.
The complex name DL E&C has proposed for the Mok-dong 6 reconstruction is "ACRO Mokdong Regency (ACRO MOKDONG REGENCY)." Ahead of the general meeting to select the Sigongsa on the 27th, DL E&C opened an official promotional center for association members. DL E&C is currently the sole bidder in the selection for the Mok-dong 6 reconstruction Sigongsa and has secured preferred negotiator status.
The Mok-dong 6 reconstruction is a project to build new apartments, with 14 buildings rising from two basement floors to a maximum of 49 stories, totaling 2,173 households. Based on the association's original design, the project cost amounts to 1.2868 trillion won. Among the 14 Mok-dong New Town complexes, it is considered a highly watched site in terms of location and project scale.
What DL E&C is putting front and center is "the view." The company said Mok-dong 6 is the only Mok-dong New Town complex with a location that offers simultaneous views of the Han River and Anyangcheon. DL E&C plans to leverage this locational strength to create a complex with the highest level of asset value in Mok-dong.
DL E&C said it designed the project so that 1,577 units, equal to 116% of the 1,362 association-member units, can have river views. In the association's original design, there were 714 river-view units, but the DL E&C proposal adds 863 more. By maximizing the number of river-view units, the company aims to boost both general-sale competitiveness and the allocation value for association members.
Director General Sim said, "The key that will determine Mok-dong 6's future value is the Han River and Anyangcheon," adding, "In Banpo, actual transaction prices differ by more than 1 billion won depending on whether you have a river view, so we focused most on securing river views in this project." Sim explained, "For S-grade and above river-view units, even the lowest grade is planned to have 100% views of Anyangcheon from the living room."
The floor plans were also upgraded. DL E&C increased mid-to-large units by 226 compared with the previous plan. It proposed specialized unit types such as penthouses, maisonette-style layouts, duplex houses with wide terraces, panorama houses, and garden-terrace houses. Parking is planned at two spaces per household, with the aim of easing parking shortages, a common complaint with older Mok-dong apartments.
Community facilities are configured to a high-end complex level. The complex will include an indoor pool, a family spa, and a private dining room. A pool-villa-style community space was also proposed. Given Mok-dong's status as a hub of top private academies, an education-focused community will also be provided.
Project speed is also a key issue. In Mok-dong, reconstruction of all 14 New Town complexes is underway simultaneously. The total project cost is estimated at about 30 trillion won. With multiple large reconstructions proceeding at once in the same area, relocation schedules and permitting timelines could overlap, increasing the risk of delays.
DL E&C emphasized that it will move quickly on the Mok-dong 6 project. The Sigongsa will cover 50 billion won in pre-groundbreaking construction cost inflation, and DL E&C offered a condition of no construction cost increases due to inflation after groundbreaking. Considering that stricter lending rules have made it harder to secure relocation loans, the company said it will use its own credit to raise additional relocation funds up to a loan-to-value (LTV) level of 100%.
It also offered terms to reduce the association members' cost burden. Members can defer their contributions for up to four years after move-in, and the interest rate on the 70 billion won bid deposit is set at the certificate of deposit (CD) rate + 0%. It will also return 11.6 billion won in balcony sales revenue generated from general sales to the association, which it estimates will reduce per-household contributions by about 8.51 million won.
A DL E&C official said, "Covering 50 billion won in pre-groundbreaking construction cost inflation ourselves corresponds to about 18 months of construction cost increases," adding, "At this scale, we believe it can offset a substantial portion of inflation pressure over the next two to three years."
The Mok-dong 6 reconstruction association will hold a general meeting to select the Sigongsa at 2 p.m. on the 27th. As DL E&C is the sole bidder, the choice by association members at the meeting is expected to determine whether DL E&C is selected as the Sigongsa for the Mok-dong 6 reconstruction.