POSCO Construction Receives Approval for Vertical Extension Remodeling Project of Seongji Apartment

[Asia Economy Reporter Yoo In-ho]

POSCO Engineering & Construction announced on the 6th that Seongji Apartment in Songpa-gu, Seoul, which it won the contract for, has received the first-ever approval for a vertical extension remodeling project plan in Korea. It has been 4 years and 4 months since POSCO E&C was selected as the contractor for Seongji Apartment in September 2015.

POSCO E&C will remodel the two buildings from 15 floors and 298 households to 18 floors and 340 households through vertical extension. The existing exclusive areas of 66㎡ and 84㎡ will be expanded to 80㎡ and 103㎡, respectively. The newly added 42 households (with an exclusive area of 103㎡) will be sold to the general public.

POSCO E&C plans to start construction in early 2021 after the residents complete relocation in the second half of the year.

Meanwhile, since POSCO E&C officially entered the remodeling business in 2014, it has won remodeling projects worth a total of 2.6 trillion KRW across 14 complexes. Following the construction of Gaepo Woosung 9th Apartment in Seoul, which began in February last year, the remodeling project plans for horizontal extension at Hyundai Apartments in Dongbu Ichon-dong and Hyundai 1st Apartment in Dunchon-dong have been approved, accelerating the business.

This content was produced with the assistance of AI translation services.