Sunday, May 04, 2008

Ground breaking ceremony held for Sungwon's Santeview project

South Korea's Sungwon Corporation held the groundbreaking ceremony of its second property in the region, the Dh.1.5bn 'Santeview' at Culture Village.

Santeview is a mixed-use complex project, which includes G+32 storey commercial tower, and a G+40 storey residential tower. Dubai Properties is the strategic partner and master developer of Culture Village.

The first two levels will be dedicated to retail space, accommodating few of the best brands in the world, revealed a Sungwon official.

Santeview, with its high-tech security features, smart home and office features, intelligent space design, and contemporary design with an Arabic touch, makes it an ideal creek-side location, and located adjacent to the Culture Village Metro Station, Santeview is the most sought after property development in the area.

The CEO of Sungwon's Middle East Headquarters, Chang-Pyo Park, said "Being one of our unique property projects in the Middle East, we are confident that Santeview will set a benchmark in property development in the region, which will reflect the best architectural and engineering expertise drawn through years of experience in the construction industry."

Sungwon is a large integrated real estate, construction and engineering company, built on solid reputation as property developer and contractor of award-winning luxury high-rises (both residential and mixed-use complexes). Sungwon has more than 130,000 apartments and 1000 high-rise towers.

Santeview is a part of $1.2bn investments which Sungwon has allocated for property development in the region. Sungwon is also carrying out various civil works in other GCC nations.

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