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Old August 14th, 2010, 03:12 AM   #361
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Are these the latest designs? If so, I am rooting for the first batch!
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Old August 14th, 2010, 07:03 PM   #362
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Quote:
Originally Posted by BOM View Post
Are these the latest designs? If so, I am rooting for the first batch!
No.only Candidates for International Architectural Conspiracy. Norman Foster & Partners and Asymptote's Render is great!
but,Final International Prize of Yongsan IBD(Dreamhub) is Ribeskind Partners.
thanks saigon2020.

However,,,,,
Due to Financial Problem,Daniel Libeskind's Render will cancel...
Current Development Status is All-stop.
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Old August 15th, 2010, 01:09 PM   #363
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Pagcor City vs. Dream Hub Archipelago 21
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Old August 19th, 2010, 07:22 PM   #364
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Korail ousts Samsung from Yongsan project
By Lee Hyo-sik

Korail demanded Thursday that Samsung Construction and Trade (C&T), the leader of the consortium of builders for the Yongsan development project, voluntarily pull out of the stalled scheme if the company is unwilling to normalize it.

The state-run rail operator also said it will soon select a new lead builder to replace Samsung. But it said it has no intention to exercise its right to nullify the development contract with the construction arm of Korea’s largest business group.

“We have informed Samsung C&T that we want the builder to withdraw from the asset management company (AMC) in charge of implementing the development project. But we have not yet received any response from Samsung,” Korail said in a press release.

Samsung C&T owns a 45.1 percent stake in the AMC, a special purpose entity that was set up in 2007 solely for completing the “Yongsan International Business Zone” project, a 31- trillion-won ($27 billion) venture that was to represent the country’s largest single property scheme.

“Samsung C&T has been forcing the state-run Korail to make unnecessary sacrifices. The builder should stop holding the Yongsan project hostage and make the necessary decision to revive the stalled project,” it said, stressing Samsung has been refusing to take responsibility as the lead builder.

The construction firm has declined to make a payment for the land near the Yongsan railway station in Seoul over the past year, asking Korail to slash land prices in the wake of the prolonged real estate market slump.

In 2007, Samsung C&T and 16 other builders won the bid to develop Yongsan into an international business hub by 2016 by pledging to buy the land from Korail for 8 trillion won.

Citing difficulties in raising funds, the construction firm has also demanded other builders and financial investors to shoulder larger development-related costs. Against this backdrop, Korail has been pressuring Samsung to abide by the contract and make land-related payments as scheduled.

“We have reduced the amount of interest payments and deferred the land-related payments for months in a bid to have the Yongsan project proceed as planned. Yet Samsung C&T and other builders have refused to make payment guarantees for the land,” the press release said.

Korail’s spokesman, Kim Heung-seong, said unless Samsung takes full responsibility as the lead builder in the project, it should give up the development right once and for all. “We will put forward this agenda to the AMC’s board of directors’ meeting next Monday. If not approved, we will call for the convening of a special shareholders’ meeting and have our demand met.”

Kim then said several construction firms have expressed an interest in taking over Samsung C&T’s role, adding that other builders, financial investors and the Seoul Metropolitan Government should make every effort to put the Yongsan project back on track.

When Samsung C&T and 16 other builders committed to the project in 2007, the country’s real estate market was at its peak. The market has skidded sharply since then, and the companies are no longer certain that the returns will ever justify an 8 trillion won splurge.

The Yongsan investors need 2 trillion won to fulfill their land-related payments through the end of next year, and Korail demanded the construction firms come up with the money through real estate project-financing loans.

The builders balked at the demand, claiming they don’t have the room left to take on massive guaranteed loans and that financial investors should share the burden as well.

This had financial investors suggesting an alternate plan where the builderscome up with 950 billion won and the rest of the money would be raised througha capital increase and loans based on KORAIL-provided collateral.

The builders rejected this as well, with Samsung C&T claiming that the cost should be divided among each financial investor and construction company depending on the size of their stakes.
Looks like it may still go ahead...
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Old August 20th, 2010, 12:45 PM   #365
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By far the best design IMHO
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Old August 20th, 2010, 03:13 PM   #366
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now that is awesome. idk whether i actually like the design or not but it is an awesome design, idk whether it would look any good built or not but that renders look really futuristic
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Old August 23rd, 2010, 07:40 PM   #367
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New Render-Modified Design(2010.8)



Samsung Boycotted(rejected) Development of the Yongsan,Daniel Ribeskind's Design will be rejected,but New Render of the Project will be decided..
Landmark Tower's height will be downward(from 665m to 500m~550m).
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Old August 24th, 2010, 09:56 PM   #368
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This one looks pretty boring...
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Old August 24th, 2010, 10:57 PM   #369
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Why up?

Does Seoul have the same trouble as Tokyo, where they have run out of room to build out and must now build up? Does anyone have an idea?
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Old August 25th, 2010, 12:41 AM   #370
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Cool the Foster's proposal.
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Old August 25th, 2010, 05:54 PM   #371
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http://www.koreatimes.co.kr/www/news...123_71376.html

Can someone tell me how accurate this article is?
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Old August 25th, 2010, 10:05 PM   #372
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Korail promise buy landmark building if samsung construct withdraw from consosium.

Dreamhub site is a center of seoul also in front Han-river. Seoul goverment have a ambition upgrade city's image through Dremhub.
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Old August 28th, 2010, 08:24 AM   #373
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i love most of the designs most the first of the new designs though just stunning
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Old September 23rd, 2010, 08:31 PM   #374
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Quote:
Originally Posted by KillerZavatar View Post
i love most of the designs most the first of the new designs though just stunning
I feel lukewarm about all of the designs for this project. Their minds are not flying. They need to spend some time to think about it. If you are going to build, do it so in an impressive way. Seoul and other cities of SK has many buildings but there is no landmark that can be compared to such as the famous Apel Tower. Don't just build another forgetable buildings that will take up land spaces.

Last edited by architec101; October 2nd, 2010 at 07:35 PM.
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Old October 3rd, 2010, 05:14 AM   #375
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more pic(revised)

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Old October 3rd, 2010, 05:25 AM   #376
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Yongsan IBD-Re-Contractor's Conspiracy Announcements



According to Related News,Samsung will lose Main Contractor's right.(right of Development)
So, Yongsan IBD's Overall Developer's Structure(Percentage of Development Rights) will re-decide soon.
Dream Hub's Oncoming Schedule

2010 October-Main Contractor's re-Decision
2010 November-Final Masterplan Announcements(based on Daniel Ribeskind's Design)
2011 December-Construction start(2012).
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Old October 3rd, 2010, 05:29 AM   #377
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New Masterplan Released-2010.9






Main Lobby


Retail - Financial Street



Yongsan sites(sky view)
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Old October 3rd, 2010, 05:34 AM   #378
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New Masterplan Info Map


Revised Masterplan General Information(Courtesy of DreamHub)
Tower 1-100 floor, 500m(Landmark Tower)
Tower 2-72 floor,356m
Tower 3-69 floor,333m.

Functions of Other Facilities.
Organic Retail Valley between Retail and Finance's Function.
more than 40 floor(19 Buildings),69 High-rise Builidngs(including Supertall) will be built.

Development Period-2007~2016 February.

LG Group may Participate in Yongsan IBD's Bid.
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Old October 4th, 2010, 08:52 AM   #379
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I like previous master plan more....
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Old October 4th, 2010, 09:04 AM   #380
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me too
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