HDC Hyundai Development Company and Hyundai Construction Win Redevelopment Project for Daedong 4 and 8 Districts in Daejeon

[Asia Economy Reporter Kim Yuri] HDC Hyundai Development Company and Hyundai Construction announced on the 20th that they have won the contract for the Daedong 4·8 District Housing Redevelopment Maintenance Project in Daejeon.

HDC Hyundai Development Company and Hyundai Construction were selected as the construction companies with 372 out of 448 votes, achieving an 83% approval rate at the contractor selection general meeting held on the 18th. The total number of union members is 781.

This project involves supplying 18 apartment buildings with 2,357 households, ranging from 2 basement floors to 35 above-ground floors, located at 405-7 Daedong, Dong-gu, Daejeon. The total project cost is approximately 536.6 billion KRW. Construction is scheduled to begin in December 2023, with completion targeted for September 2026.

The two companies stated, "Daedong 4·8 District is a highly preferred residential area due to its proximity to Daejeon Station and Daedong Station on Daejeon Subway Line 1, with numerous development plans scheduled nearby." A representative from HDC Hyundai Development Company said, "Together with Hyundai Construction, we will mobilize our capabilities, including designs that maximize space efficiency, to enhance resident satisfaction."

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