Urban Development

We are implementing a residential and commercial complex development project
that will comprise 13,000 residential units in Yonghyeon Hagik District, the site of our former Incheon Plant.

Urban development

DCRE, an OCI subsidiary, has launched CITYOCIEL, an urban development project in the Yonghyeon Hagik District of Incheon Metropolitan City, which was formerly the site of an OCI plant.

CITYOCIEL is a private urban development project aimed at developing a mini-city with an area of 1,546,474 ㎡ at 587-1, Hagik-dong, Michuhol-gu, Incheon.

By investing KRW 5.7 trillion by 2025, ten residential complexes (8 complexes: proprietary development, two complexes: rental housing) will be built.

About 13,000 households will move into the complexes. Lot sales started for Complex 3 in March 2021, and sales in each complex will proceed sequentially.

CITYOCIEL
CITYOCIEL

‘O’ refers to optimum, origin, or the center of harmony, and ‘CIEL’ in French means sky (top).

A combination of residential value and economic value is required to generate the optimal value in a premier urban complex.

It has a human-centric urban design and uses the concept of the sky based on the history of Yonghyeon and Hagik. CITYOCIEL means a top premier city, with harmony between nature, people, the city and culture under the sky, complete with convenient transportation and adequate infrastructure.

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DCRE
DCRE
DCRE is managing the redevelopment of the site of our former Incheon plant. It has launched a large-scale urban development project called City Ociel in Incheon’s Yonghyeon-Hagik District’s Block 1.