HDC Hyundai Development Company Wins Remodeling Contract for Sangnok Tower Apartment in Gwangjang-dong, Seoul

[Asia Economy Reporter Yoo In-ho] HDC Hyundai Development Company announced on the 23rd that it was selected as the construction company by the remodeling association of Sangnok Tower Apartment in Gwangjang-dong, Gwangjin-gu, Seoul on the 21st. It received 164 votes in favor out of a total of 193 association members.

The total construction cost for this project is approximately 70.8 billion KRW, and it involves building one building with 229 households (29 general sales units) from basement level 4 to ground level 24. The location advantage is its proximity to Gangbyeon Station on Subway Line 2 and Gwangnaru Station on Line 5, making it a transit-oriented area.

Gwangnam Elementary, Middle, and High Schools are nearby, access to Gangbyeonbuk-ro is convenient, and it also offers a premium view of the Han River. The company explained that since the residential preference is high, the value is expected to increase after remodeling.

A Hyundai Development Company official stated, "Based on the high brand value and long-standing expertise of I'Park, we will create a premium residential space in Gwangjin-gu with a remodeling plan optimized for Sangnok Tower Apartment."

The scheduled start of construction is January 2023, and completion is expected in October 2025.

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