Shindonga Construction "Wins Deokso 4 District Redevelopment Contract... Worth 93.3 Billion KRW"

[Asia Economy Reporter Yuri Kim] Shindongah Construction announced on the 23rd that it has won the contract for the Deokso 4 District Redevelopment Maintenance Project located in Wabu-eup, Namyangju-si, Gyeonggi Province.

Shindongah Construction stated that it was finally selected as the construction company at the general meeting for selecting the construction company held on the 21st for the Deokso 4 District Redevelopment Maintenance Project. This is the first contract won in the maintenance project sector this year. Since 2017, the company has mainly secured small-scale maintenance projects in Seoul and the metropolitan area, such as Gyeongwon Yeonrip, Yangjae Hanshin, and Beomhwa Villa. It is known that Shindongah Construction proposed specialized elements for the complex’s exterior, landscaping, interior, and unit layouts to win this project.

This project involves constructing an apartment complex and ancillary welfare facilities consisting of 6 buildings, 492 households, ranging from 2 basement floors to 34 above-ground floors, on the site at 590-37 Deokso-ri, Wabu-eup, Namyangju-si, Gyeonggi Province. The company plans to proceed with the project aiming for project implementation approval in June next year, groundbreaking and general sales in September 2022. The construction cost is approximately 93.3 billion KRW, and the construction period is 34 months after groundbreaking, with move-in scheduled for August 2025.

A Shindongah Construction official said, "The company has been targeting the maintenance project market in Seoul and the metropolitan area and achieving good results," adding, "We will build brand trust through the development of specialized products unique to our company."

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