SH Corporation Transparently Discloses 61 Construction Cost Items

[Asia Economy Reporter Onyu Lim] Seoul Housing and Communities Corporation (SH Corporation) announced on the 28th that it will disclose the construction costs of newly completed sale apartments by 61 detailed items.

The cost disclosure targets are sale apartments for which SH Corporation conducts tenant recruitment announcements and places orders, contracts, manages, and supervises construction work and supplied materials. The disclosed items include 47 items of subcontracted construction costs, 6 items of supplied material costs, 6 items of other direct construction costs, and 2 items of other expenses.

SH Corporation plans to pilot the disclosure of construction costs for the Harborline 4 Complex in Hang-dong, Guro-gu, which has already been completed, on the 29th, and subsequently disclose the costs for the apartment in Godeok Gangil, Gangdong-gu. An SH Corporation official stated, "Although sale price disclosure items are currently published, the sale price disclosure documents have the drawback of not reflecting the actual construction costs. To supplement this, we decided to disclose the completed construction cost statement based on the actual construction expenses incurred." The full construction cost statement can be viewed on the SH Corporation website.

Kim Seyong, President of SH Corporation, said, "As a public enterprise, we aim to strengthen transparency in housing construction projects and contribute to stabilizing the recently surged housing prices. We will strive for transparent management and guarantee citizens' right to know through proactive information disclosure."

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