GS Construction Proposes 'Banpo Privilige Xi' for Sinbanpo 21st Complex... Formation of Large-Scale Brand Town

Banpo Privilege Xi Bird's-eye View (Source: GS Construction)

[Asia Economy Reporter Donghyun Choi] GS Engineering & Construction has unveiled a blueprint to redevelop the Sinbanpo 21st Apartment in Jamwon-dong, Seocho-gu, Seoul, into ‘Banpo Privilege Xi,’ creating a mammoth Xi brand town with approximately 7,370 households in the Banpo area.

According to industry sources on the 28th, GS Engineering & Construction proposed the complex name ‘Banpo Privilege Xi’ in the bid for the Sinbanpo 21st reconstruction construction company selection, which closed on the 13th. The term ‘Privilege’ signifies the exclusive rights enjoyed by the upper class, reflecting the company’s determination to complete privileges that only Xi can enjoy in Banpo. Sinbanpo 21st is a complex consisting of two buildings with 108 households, completed in 1984 at 59-10 Jamwon-dong, and will be transformed through reconstruction into two buildings with 275 households, ranging from four basement floors to 20 above-ground floors.

Sinbanpo 21st is located at the center of Banpo Xi (3,410 households) and Sinbanpo 4 District (3,685 households), which GS Engineering & Construction won the contract for in 2017. If GS Engineering & Construction secures the contract, it will naturally be incorporated into a large-scale Xi town with 7,370 households. GS Engineering & Construction proposed a landscaped promenade approximately 2.8 km long linked with Sinbanpo 4 District. A particular advantage is that if awarded, the construction start time can coincide with Sinbanpo 4 District, allowing simultaneous project progress.

A GS Engineering & Construction official said, “Adding the large complex premium to Xi can maximize the value of the complex,” and added, “Considering its location between Sinbanpo 4 District and Banpo Xi, it will serve as the central point of the Xi brand town, further increasing the value of Banpo Privilege Xi.”

GS Engineering & Construction secured a drive-through route that completely separates the flow of resident vehicles from freight and delivery vehicles through specialized design. The proposed drive-through design separates service vehicle routes such as freight and delivery from resident vehicle routes and restricts access from the second basement floor to resident vehicles only, ensuring perfect security and minimizing safety issues. Considering it as a residential culture space for the upper class, the best security system similar to high-end villas in the Gangnam area will be introduced. Privacy is thoroughly protected through five stages: complex gate access control system, high-definition CCTV operation at all times, access restriction via concierge service, facial recognition system at building entrances, and household fingerprint recognition system. The concierge service functions like a hotel lobby desk, enabling high-quality service and security.

A GS Engineering & Construction official stated, “We will make Banpo Privilege Xi the center of the Xi brand town with the large complex premium linked to Banpo Xi and Sinbanpo 4 District, combined with differentiated design and technology unique to Sinbanpo 21st.”

Meanwhile, the Sinbanpo 21st reconstruction association plans to hold an extraordinary general meeting at the end of May to select the construction company through voting.

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