Looks like my neighbors to the east may get another boost in their real estate prices

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Busan to Have 117-Story Building

Originally published 12-16-2007 19:07 here: http://www.koreatimes.co.kr/www/news/nation/2007/12/117_15645.html

Busan Metropolitan City will launch a big project to build a 117-story resort building. According to Busan Urban Development Corporation (BUDC), it will enter into an agreement with “Triple Square Consortium (TSC)’’ on Tuesday to construct the super large resort building at Haeundae, the biggest beach in the country.

If the agreement is completed, TSC will dig ground for the construction, which is scheduled to end in December next year. A total of 1,540 billion won will be invested for the 511 meter-tall building in the land size of 584,000-meter square.

The super-large building will accommodate hotels, condominium, a water park, stages for marine animal show and a four-dimensional theater. “The planned resort will be the landmark of the port city and is expected to boost tourism industry as well as economy in Busan,’’ a BUDC official said.

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Filed under Announcements, Architecture, Busan stuff, News, Real Estate

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