"Which Construction Companies Build the Most Expensive Apartments? ... Many Located in Daechi and Banpo"

[Asia Economy Reporter Yuri Kim] Among construction companies, apartments built by Samsung C&T have the highest average sale price.

On the 24th, Real Estate 114 compared apartment prices of the top 5 construction companies by construction capability evaluation (based on solo construction excluding consortiums). The results showed that Samsung C&T, ranked first in construction capability evaluation, also had the highest average sale price for apartments. As of 2019, the top 5 in the comprehensive construction sector construction capability evaluation were Samsung C&T, Hyundai Engineering & Construction, Daelim Industrial, GS Engineering & Construction, and Daewoo Engineering & Construction, respectively.

As of the end of February this year, the average sale price per 3.3㎡ of apartments built by these companies in the Seoul area was highest for Samsung C&T at 44.47 million KRW, followed by GS Engineering & Construction (39.02 million KRW), Hyundai Engineering & Construction (34.66 million KRW), Daelim Industrial (30.18 million KRW), and Daewoo Engineering & Construction (24.14 million KRW). Apartments constructed by Samsung C&T have maintained the highest sale prices for six consecutive years since 2015.

While Samsung C&T led both in construction capability evaluation and apartment price rankings, there were some differences between construction capability rankings and apartment price rankings among the 2nd to 4th places. GS Engineering & Construction, ranked 4th in construction capability, had the second highest apartment price (39.02 million KRW) following Samsung C&T, while Hyundai Engineering & Construction, ranked 2nd in construction capability, was 3rd in average apartment sale price at 34.66 million KRW.

Most high-priced apartments by construction company were located in the Gangnam 3 districts (Gangnam, Seocho, and Songpa districts). For an exclusive area of 84㎡, Samsung C&T's apartments such as Raemian Daechi Palace 1st Complex in Daechi-dong, Gangnam-gu; Raemian Banpo Prestige in Banpo-dong, Seocho-gu; and Raemian BlessTige in Gaepo-dong, Gangnam-gu, have high prices ranging from 2.4 billion to 3.3 billion KRW. GS Engineering & Construction's Banpo Xi in Banpo-dong, Seocho-gu, and Shin Banpo Xi in Jamwon-dong, Seocho-gu, show market prices of 2.5 billion to 2.6 billion KRW.

Senior Researcher Jihae Yoon said, "The larger the construction company, the higher the competitiveness of their apartment brands and consumer preference. Therefore, they are often selected as constructors in redevelopment and reconstruction maintenance projects located in prime areas such as Gangnam. Additionally, due to construction companies’ premium strategies, they form correspondingly high prices."

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