SkyscraperCity Forum banner
201 - 220 of 290 Posts

·
Registered
Joined
·
5,682 Posts

·
Registered
Joined
·
5,682 Posts
But is under construction or not yet?

Thanks :)
^^
not yet U/C
But Official public presentation for this project resume at 9 january.
at that time many major construction company of korea participated on that presentation.(200 people)
http://www.ajunews.com/view/20150109095815623
Incheon will be notification public bid and construction begin.

bytheway it is uncertain but they try to built taller than 555m
 

·
Registered
Joined
·
5,682 Posts
I prefer browsing Incheon threads rather than Seoul because Inno does not get so nervous with the mayor and threads are cleaner :D
^^
Great thumbs up dude!! :applause::applause::
u make me smile
:rofl:
 
  • Like
Reactions: ChuckScraperMiami#1

·
Registered
Joined
·
5,682 Posts
Incheon Free Economic Zone Authority Announcement No. 2015-35


Invitation Announcement to Candidates for Construction and Maintenance/Operation of City Tower and Complex Facility in Cheongna International City, Incheon Free Economic Zone Project

The Incheon Free Economic Zone Authority is searching for investor candidates to join in the Construction and Maintenance/Operation of City Tower and Complex Facility in Cheongna International City, Incheon Free Economic Zone Project.

February 5, 2015

Commissioner of the Incheon Free Economic Zone Authority

1. Project Summary
 Project Title: Construction and Maintenance/Operation of City Tower and Complex Facility in Cheongna International City Project
 Location: Center of the Cheongna Lake Park of Cheongna International City
 Area: 33,058m2
 Use District: General Commercial District

2. Method and Area of the Project

Category Scale Method of Business
City Tower 453m Method of Lease
City Tower Site 13,000 m2 (approx. 4,000 pyeong) Method of Lease

Complex Facility Site 20,058 m2 (approx. 6,000 pyeong) Method of Lease or Sale

3. Guideline for Lease Cost and Supply Price for each Method of Business

(Unit: KRW)
Category 1 Subject Amount
Method of Lease o City Tower 1,095,174,340/yr
o City Tower Site 225,550,000/yr
o Complex Facility Site 348,006,300/yr

(Unit: KRW)
Category 2 Subject Amount
Method of Lease and Sale
Lease o City Tower 1,095,174,340/yr
o City Tower Site 225,550,000/yr
Sale o Complex Facility Site 41,720,640,000

1) The price proposed under the above guideline for lease cost and supply price (including purchase price of the Complex Facility Site) are the minimum proposal price and any Applicants proposing any price above such guideline shall receive additional point at the evaluation of Project Plan Proposal.
2) If the Investor purchases the Complex Facility Site, it shall receive additional point at the evaluation of Project Plan Proposal.
3) The lease cost shall be calculated in line with a separate official land value of every year and the detailed formula is as follows:
※ Lease Cost = (Lease cost proposed by the Investor/Lease cost under this Request for Proposal) x Lease cost which reflects the official land value of pertinent year
4) After the completion of construction of City Tower, the lease cost shall be calculated based on the property price of City Tower, which shall be calculated by applying the statutory standard prices under Paragraph 2, Article 4 of the Local Tax Act and Article 31 (Evaluation of Lease Cost Rate and the Lease Asset) of the Enforcement Decree of the Public Property and Commodity Management Act; provided, however, if the statutory standard prices are not available, the appraisal value of the appraisal corporation under the Public Notice of Values and Appraisal of Real Estate Act shall be applied.
5) The Complex Facility Site shall comply with the disposal plan under the execution plan of Cheongna International City.

4. Eligibility and Method of Application

 An Applicant shall be a consortium that is qualified to carry out the Project and such consortium shall include a Foreign Investment Company or a Foreigner and be composed of less than five (5) members.
 Applicants must apply in the name of the representative company of such consortium, who is designated and entrusted by the consortium members.

5. Method of Selecting Candidates

 Project Plan Proposal shall be evaluated by composing the Selection Committee
 The evaluation shall be categorized into the evaluation of the Project Plan Proposal (400 points) and the evaluation of lease cost (100 points). The evaluation of the Project Plan Proposal shall be categorized into the City Tower, Complex Facility and Foreign Investment Company.
 The detailed criteria for evaluation and point distribution may be found under “the Request for Proposal for Investors of City Tower and Complex Facility” uploaded on the Incheon Free Economic Zone Authority’s website (http://www.ifez.go.kr)

6. Documents required to be submitted with the Project Plan Proposal

 Refer to “the Request for Proposal for Investors of City Tower and Complex Facility” uploaded on the Incheon Free Economic Zone Authority’s website (http://www.ifez.go.kr)

7. Schedule

 Submission of and Reply to Inquiries
- Submission period for inquiries: February 5, 2015 (Thursday) 9:00 ~ February 25, 2015 (Wednesday) 18:00
- Reply date for inquiries: March 10, 2015 (Tuesday) (written notice)
 Submission of Documents for Application
- Date and Time: May 29, 2015 (Friday) 10:00 ~ June 4, 2015 (Thursday) 17:00
- Location: Infrastructure Service Industry Division, Incheon Free Economic Zone Authority
- Applications must be submitted in person
 Evaluation: June 5, 2015 (Friday) ~ July 3, 2015 (Friday)
 Selection of Candidates shall be announced on July 10, 2015 (Friday)
* Schedule may change due to change of conditions.

8. Further Information

 For details of invitation and preparation of the Project Plan Proposal, please refer to “the Request for Proposal for Investors of City Tower and Complex Facility” uploaded on the Incheon Free Economic Zone Authority’s website
 Further Information: Infrastructure Service Industry Division, Incheon Free Economic Zone Authority (Tel: 032-453-7031, 7321~7325)
Website: http://www.ifez.go.kr
 Information on City Tower Design: 2F Cheongna-Yeongjong Project Division Facilities Department, Korea Land & Housing Corporation (Tel: 032-540-1751, 1752)

^^
Breaking news
today official notification for public bid city tower construction by Incheon economy free district.
official confirm as 453m
30km distance away from Seoul city hall

But is under construction or not yet?

Thanks :)
 

·
Registered
Joined
·
5,682 Posts
  • Like
Reactions: ChuckScraperMiami#1

·
Registered
Joined
·
5,682 Posts
http://economy.hankooki.com/lpage/estate/201503/e2015032517120492720.htm
^^
skeptical project.
-major construction company give up participated on this project due to construction cost estimated too low to built.
-inchen government modifying public offering to built not only landmark tower but also around commercial shopping center. but around population only 90000 people.
So this commercial center have no economical feasibility.
-So this project skeptical
 
  • Like
Reactions: ChuckScraperMiami#1

·
Registered
Joined
·
5,682 Posts
...what? The construction company would have preferred it to be more expensive to them?
of course

which company preferred low cost project expect than real rational cost.
for example think about, government try to built "some bridge over river".
not exactly estimate but everybody guess estimate it take at least $1000 USD base on others precedent bridge.
but suddenly government official estimate bridge construction cost as $ 500 USD.
and base on this cost government select construction company among them who suggest much lower cost.

No body want to participated on this competition.

according to the report that is what this Incheon city tower story so far
 
  • Like
Reactions: ChuckScraperMiami#1

·
Registered
Joined
·
5,682 Posts
http://www.ebn.co.kr/news/view/765648
^^
Incheon suggestion public offering notification for this tower
However Not even one company suggestion participation on this project.
got in maze.

I agree this huge tower deserved in Seoul rather than satellites city of seoul who go there in outskirt of seoul
 
  • Like
Reactions: ChuckScraperMiami#1

·
Registered
Joined
·
5,682 Posts
  • Like
Reactions: ChuckScraperMiami#1

·
Moderator
Joined
·
10,707 Posts
Construction of Tower Complex awarded to LH

Although this project has been on hold for the last couple of months, it has just been announced that construction group LH has been awarded the development of the land to build the tower (as well as the surrounding complex).

Construction of the tower itself is scheduled to take 4 years. The project has now been revived, but it remains to be seen when (if?) the construction actually starts.

http://www.joongboo.com/?mod=news&act=articleView&idxno=1038153
 

·
Europa
Joined
·
1,231 Posts
If they take 4 years to build this tower, it'll surely be an office or residential tower, not an observation tower like it was proposed several months ago. I hope.
 
  • Like
Reactions: ChuckScraperMiami#1
201 - 220 of 290 Posts
Top