SEOUL | Seoul International Finance Center | 279m | 932ft | 55 fl | T/O

[korea2002]

source-www.ifcseoul.com

thanks..

[korea2002]

[korea2002]

[Mattk]

Some nice progress

[DanielLG]

The 63 Building in Yeouido, overlooking the Han River in southern Seoul, for decades has stood as the country's tallest structure. One of the city's main sites of attractions, the gold-tinted skyscraper holds symbolic status, but it won't be long till the landmark tower is pushed to give up its throne.

In just a few short years, more than half a dozen super tall buildings will shoot up beyond Seoul's current skyline, slowly chipping away the iconic status of the 24-year-old attraction.

Most of the new constructions ― designed to be well above 100 stories ― are springing up along the Han River with completions targeted within the next two to seven years.

Some of the fiercest projects include the 133-story tower in Sangam Digital Media City (DMC), the 152-story Dream Tower in Yongsan and Lotte's 112-story skyscraper in Jamsil.

Although the ongoing credit crunch has slowed down many of the lucrative undertakings, no major changes are expected to be made to the original blueprints and scheduled completion dates, according to developers and industry insiders.

``The tough economy subsequently tightens finance conditions, but most developers are likely to deliver high-quality buildings one by one in the coming years,'' said Angela Kim, a value and strategy manager of Savills Korea, a local affiliate of the global real estate service provider.



The up and coming skyscrapers aren't simply grand in size and design, but also over the top in function and efficiency.

Their design blueprints show that the high-rise towers will provide column-free space, high ceilings, state-of-the art telecommunications services and a full range of the most up-to-date tech tools.

They will eventually dull the shine from today's top-notch office spaces, such as Seoul Finance Center, Hungkuk Life Insurance Building, Gangnam Finance Center and the 63 Building, plus fan rent prices in line with the monumental construction costs.

Each giant project typically costs anywhere from 1 to 3 trillion won, developers say, which means that rental rates must be set accordingly to buffer the bottom line.

Although the building boom will radically transform Seoul's skyline, local real estate experts also talk of concerns that the sudden influx of outstanding buildings is going to lead to an expensive supply glut.

``A bunch of buildings may end up empty with not enough tenants to go around,'' said Kim Tae-ho, an analyst at R2Korea, a local realty firm specializing in commercial buildings.

jhan@koreatimes.co.kr

Source: http://koreatimes.co.kr/www/news/biz...123_49381.html

[korea2002]

[korea2002]

[korea2002]

[Marco Polo]

Wow - this is one massive project!! Congratulations Seoul.

[Sentient Seas]

I love those night shots! Damn does Seoul have some huge projects on the horizon. Nice progress on this one as well. Congrats, Seoul!

[c6josh]

looking at the pics....long way to go until the project is finished

[korea2002]

[korea2002]

[korea2002]

[korea2002]

Red sign-FKI New Headquarter Reconstruction Development-52 floor,245m
Blue sign-SIFC & Parc 1 Development Update.

if you can't pic,follow website-http://img266.imageshack.us/i/1251081615dpp00041.jpg/

[dman09]

those are some really great pics...impressive project

[korea2002]

Very Big News In korea!! KBS,MBC,SBS Broadcasted!!
Cause for Accident is Tower Crane's Destruction...
one worker died,4 workers injured....OMG!!

[korea2002]

very sad news....

[korea2002]

[korea2002]