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Old November 1st, 2016, 01:51 PM   #521
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20161028_221347_HDR by Inno Inno, Flickr에서
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Old November 2nd, 2016, 03:52 PM   #522
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breaking news
NH stock company's headquarter move to Parc1

NH is one of largest financing company in korea.

P.S Total project resume amount is $2.3billions 2조6,000억원
among them Y22 invest $ 420 millions 5,600억원 and NH stock $2billions 2조1,000억원
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Old November 16th, 2016, 03:22 AM   #523
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free picture upload
1468253116 (1) by Inno Inno, Flickr에서

Official
Gongsang bank of China
invest $120 millions on Parc1&Renassance hotel project.

P.S Recently Renassance hotel project PF completed successfully
So above two project simultaneously U/C begin

Alot of china money flow into seoul. they loan from EU bank as 1~2% and reinvest in seoul and get back profit 3~4%
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Old November 16th, 2016, 03:53 AM   #524
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when are they starting? Its November
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Old November 16th, 2016, 09:08 AM   #525
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Wasn't that renaissance hotel render scrapped for a much more bland alternative?
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Old November 16th, 2016, 01:48 PM   #526
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Quote:
Originally Posted by Munwon View Post
when are they starting? Its November
oops I break promise
Now main developer arrest in prosecute of korea and he intensive examine about lobbying scandal of L city in Busan.

As u know THE MAIN construction company of L city is SAME company of Parc1.
That company promise completion guaranty not only L CITY but also parc1.
So let's keep on iron it.

btw Now NH stock try to make PF $ 2 billions for resume parc1. They need some time until get full money.


Quote:
Originally Posted by The seventh shape View Post
Wasn't that renaissance hotel render scrapped for a much more bland alternative?
i can't understand what u mean
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Old November 16th, 2016, 01:59 PM   #527
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Ugh, is there anything in South Korea that isn't involved in corruption? (Not meaning to start a fight, I know there's a lot of corruption everywhere, neoliberalism, etc., just saying)

According to a post in that project's thread by kimahrikku1, this is the design going up where that cool hotel was supposed to:
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Old November 17th, 2016, 04:57 PM   #528
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So when will this start? Guessing?
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Old November 18th, 2016, 02:58 AM   #529
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20161021_134515_HDR by Inno Inno, Flickr에서

Quote:
Originally Posted by Munwon View Post
So when will this start? Guessing?
Actually I thought parc1 resume at November
Cause I heard official NH stock's announced they will resume at November.

But still no news about resume.
So frankly I don;t know when it resume.

Fortunately good news update day by day. whichmean many investment success on Parc1. ex)Congsang bank of china, Singafore fund with KB bank, POSCO guarantee parc1's completion.

In short
Project financing success
NH stock will be " IB deal" at this year and announced that public announced
Don;t know when it resume but immediately(need few month: guess begin this year or January 2017)
they should "safety check" before resume U/C
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Old November 20th, 2016, 03:48 PM   #530
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So, this is a picture from a couple of days ago. The guy who took the pictures says that the lights in the construction site are now on, and that it hadn't been the case for a couple of years. These are probably the prefab construction buildings (for the architects, contracts,...). Don't know how far away that puts us from the actual start of construction, but that's better than nothing



http://cafe.daum.net/skyscrapers/9o2Z/12145
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Old November 21st, 2016, 04:50 AM   #531
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Hyundai plans to build the largest department store in Seoul in this complex by 2020.

Source (Korean)
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Old November 24th, 2016, 10:59 AM   #532
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NH stock selling Parc1 financing money to normal citizens.

actually NH try to finish Financing process with inner bank but not really supporting.
So they decided received moeny from normal people.
minimum participated price is $ 250 thousands usd. expecting profit 6.7%
total $ 43 millions

also NH stock is going to Finish all financing process for resume until this month
But delay date from this month to middle of December 2016.

So we can hearing some good news 3 week later.
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Old November 26th, 2016, 06:33 AM   #533
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New picture. Apparently the number of cars has increased quite a bit over the last few days, so that's another good sign towards the resumption of the construction

1480040795781 by kimahrikku1, on Flickr

http://cafe.daum.net/skyscrapers/9o2Z/12152
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Old November 29th, 2016, 05:30 PM   #534
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image upload without registration
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Old November 30th, 2016, 08:31 PM   #535
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Parc1 resume News

-NPS(국민연금 world 3 hugest national fund) hesitate to decision approve investment in Parc1
-Now KB bank,china gongsan bank, korea mutual aid police finish investment in parc1
-but NPS hesitate due to inner company political issue
-So If NPS delay investment then NH bank should received NSP's part budget in parc1
-Actually Parc1 financing finishing at October but financing fulfilled delay due to NPS
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Old December 10th, 2016, 02:56 AM   #536
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Official Resume news

YSS Parc1 resume confirm at next years before Febrary
According to the YSS Parc1 Resume at January

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Old December 14th, 2016, 03:29 AM   #537
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Today Korea national fund give up investment in Parc1

BUT NH stock say "no worry about completed Financing until this end of years even though KNF withdraw investment"
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Old December 15th, 2016, 01:56 AM   #538
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Official
"U/C resume in January 2017" say NH stock concern
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Old December 15th, 2016, 08:30 PM   #539
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Great news!
Btw is there any other skyscraper planned in yeouido?
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Old December 16th, 2016, 10:38 AM   #540
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Quote:
Originally Posted by miguelmm View Post
Great news!
Btw is there any other skyscraper planned in yeouido?
Yes, there are a couple of projects around 100 meters under construction or about to, but for bigger projects, all the other ones are for residential reconstruction, and it will be a couple of years down the road before construction starts for these residences (no final renders yet, so hard to know the height, although Yeouido Seoul Apartment could be the first one to go up at around 250 floors).
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