December 30, 2024
Samsung C&T's Construction Division has announced that it has recently signed a contract with Iconic for the construction of a residential complex in Mok-dong, valued at approximately 700 billion won. This significant deal is set to transform the landscape of Mok-dong, with the project aiming to provide a state-of-the-art living space for its residents.
The project began in 2019 when Iconic entered into a business agreement with financial investors. Since then, the plans for the residential complex have been underway, with Samsung C&T's Construction Division now on board to bring the vision to life. With its extensive experience in constructing large-scale buildings and residential complexes, Samsung C&T is well-equipped to handle a project of this magnitude.
The residential complex in Mok-dong is expected to be a game-changer for the area, providing a modern and luxurious living space that meets the needs of its residents. The project's valuation of 700 billion won is a testament to the scale and complexity of the construction work involved. Samsung C&T's Construction Division will be responsible for overseeing the entire construction process, from groundbreaking to completion.
The construction of the residential complex is expected to have a significant impact on the local economy, with the creation of new jobs and opportunities for local businesses. The project is also expected to boost the local property market, with the introduction of new and modern living spaces. As one of the leading construction companies in the world, Samsung C&T's involvement in the project is a guarantee of quality and excellence.
With the contract now signed, work on the residential complex is expected to begin soon. The project is expected to take several years to complete, with the exact completion date still to be confirmed. However, one thing is certain - the residential complex in Mok-dong is set to be a landmark development that will change the face of the area forever. Samsung C&T's Construction Division is proud to be a part of this exciting project, and looks forward to delivering a world-class living space that exceeds the expectations of its residents.
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