Jungheung Togeon Selected as 'Joint Project Implementer' for Daejeon Seonhwa 1 District Redevelopment Project

Aerial view of Seonhwa 1 District, Daejeon.

[Asia Economy Reporter Donghyun Choi] Jungheung Construction Group's Jungheung Togeon announced on the 15th that it was selected as a joint project implementer at the temporary general meeting of the Daejeon Seonhwa 1 District Redevelopment Project held on the 13th. With this, Jungheung Togeon secured the status of the preferred negotiation partner for the construction contractor related to the Seonhwa 1 District Redevelopment Project, with a construction amount of approximately 500 billion KRW.

Earlier in early March, Jungheung Togeon submitted a letter of intent and proposal to participate in the project to the Seonhwa 1 District Redevelopment Project Development Committee. This area was designated as an urban environment maintenance project by Daejeon on March 7, 2014, and the project is being carried out in the form of landowners, etc.

The Seonhwa 1 District Redevelopment is planned to be developed in Seonhwa-dong 235-35, Jung-gu, Daejeon, with a building coverage ratio of 29%, a floor area ratio of 559%, from 4 basement floors to 48 above-ground floors, totaling 1,926 households (including 120 officetel units). It offers an excellent educational environment with Seonhwa Elementary School, Daejeon Jungang Elementary School, Daejeon Girls' Middle School, Hosudon Girls' High School, Chungnam Girls' High School nearby, and convenient transportation with proximity to Daejeon Subway Line 1's Jungangno Station, Jung-gu Office Station, and Daejeon Station. The natural environment is adjacent to Daejeoncheon Stream and Bomunsan Mountain, and various living convenience facilities, banks, post offices, and Jung-gu Office are located near the district.

The Seonhwa 1 District Redevelopment Project plans to promptly proceed with the maintenance project procedures starting from this joint project implementer selection. It is expected to contribute to revitalizing the station area function and improving the residential environment through the supply of premium residential complexes.

A representative from Jungheung Construction Group's Urban Maintenance Business Team stated, "This year, we secured orders for 1,007 households in Mokpo Seosan Ongum Redevelopment District, 227 households in Busan Hyoseong Reconstruction, 833 households in Cheonan Munhwa District, and 254 households in Seoul Bongcheon 2 District, achieving a total of 2,321 households and a contract amount of 443.1 billion KRW. Including Daejeon Seonhwa 1 District, the green light for orders worth 1 trillion KRW has been turned on."

Meanwhile, Jungheung Construction Group has been continuously securing orders worth 1 trillion KRW annually for three consecutive years since starting urban maintenance projects in 2015.

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