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2 clusters · 7 sources · 6 days · First seen · Last updated
Seoul apartment reconstruction projects
Overview
Major construction firms have secured contracts for large-scale apartment reconstruction projects in Seoul.
In the Gangnam District, the Gangnam District Office approved the management and disposal plan for the Gaepo Jugong 6 and 7 complex reconstruction. Hyundai Engineering & Construction is the designated contractor for this 1.51 trillion KRW project, which intends to replace 1,960 households with 2,698 units. Relocation is expected to begin in February 2027, with construction targeted for 2028 and completion in 2032.
In other districts, Hyundai Engineering & Construction was selected for the Mokdong Complex 10 reconstruction, a 2.6 trillion won project aiming to create 4,248 units. Additionally, Samsung C&T secured the contract for the Yeouido Sibeom Apartment reconstruction, a 2.27 trillion won project that will replace 1,584 units with 2,491 new units in buildings reaching up to 59 stories. Both the Mokdong and Yeouido projects utilized private contract procedures following previous unsuccessful competitive bidding rounds.
Entities
Hyundai Engineering & Construction · Gangnam District Office · Yeouido Sibeom Apartment · Gaepo Jugong 6·7 · Seoul
Timeline
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[BUSINESS] 5 sourcesHyundai and Samsung secure major Seoul apartment reconstruction contracts
Hyundai Engineering & Construction and Samsung C&T have been selected to lead major apartment reconstruction projects in Seoul's Mokdong and Yeouido districts.
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[BUSINESS] 2 sourcesHyundai Engineering & Construction to lead Gaepo Jugong 6·7 reconstruction
Gangnam District has approved the management disposal plan for the Gaepo Jugong 6·7 reconstruction, with Hyundai Engineering & Construction set to build 2,698 units by 2032.
Sources
biz.heraldcorp.com · housing-post.com · newstomato.com · sateconomy.co.kr · seoul.co.kr · sisajournal.com · socialvalue.kr