Geumseong Baekjo wins the first urban renewal project in the Seoul metropolitan area, 'Ilsan 1-2 District'

[Asia Economy Reporter Yuri Kim] Geumseong Baekjo Housing announced on the 4th that it has been selected as the construction company for the Ilsan 1-2 District Housing Redevelopment Project in Goyang-si, Gyeonggi Province.

Ilsan 1-2 District is a housing redevelopment project consisting of 390 households with a total floor area of 49,999㎡, ranging from 2 basement floors to 25 above-ground floors. It is adjacent to the Ilsan New Town, with Ilsan Station and Tanhyeon Station located within 1 km. It is conveniently accessible to Seoul and the metropolitan area via Goyang-daero, Jayu-ro, and the Outer Ring Expressway, making it Geumseong Baekjo's first metropolitan area maintenance project.

This is Geumseong Baekjo's fourth urban maintenance project, following the Samcheonpo Yemiji (reconstruction) in Gyeongnam, Doma Byeondong 1 Housing Redevelopment in Daejeon, and Taepyeong 5 District Housing Redevelopment in Daejeon (Lotte Construction, Daewoo Construction, Geumseong Baekjo Housing).

The construction company selection was finalized through a union member vote held on the 1st at Hanmoe Elementary School in Ilsan. The total contract amount is approximately 70.2 billion KRW.

Kim Jae-il, Executive Director of Geumseong Baekjo's Maintenance Project Team, said, "We have secured a prime project site amid fierce competition in urban maintenance projects. The Yemiji brand recognition has increased with excellent quality and sales performance in Dongtan and Gimpo, and Geumseong Baekjo has achieved 48th place in construction capability evaluation, gradually gaining competitiveness in urban maintenance projects." Geumseong Baekjo plans to pursue more reconstruction and redevelopment projects in the metropolitan area, starting with the Ilsan 1-2 District contract.

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