Ssangyong Construction Wins 51.2 Billion KRW Contract for Anyang Hogye-dong Street Housing Maintenance Project

A bird's-eye view of the Garojutaek Maintenance Project at Samdeok Jinju Apartment, Hogye-dong, Anyang-si, Gyeonggi-do. (Provided by Ssangyong Construction)

[Asia Economy Reporter Kim Hyemin] Ssangyong Engineering & Construction announced on the 29th that it has succeeded in securing its first street housing maintenance project contract in the metropolitan area this year.

On the 26th, Ssangyong Engineering & Construction was selected as the construction company at the general meeting for the selection of the contractor for the Samdeok Jinju Apartment street housing maintenance project located at 969-3 Hogye-dong, Anyang-si, Gyeonggi-do, receiving 88.5% approval from 70 union members. The construction cost is approximately 51.2 billion KRW.

The Samdeok Jinju Apartment is planned to be transformed into 'The Platinum' apartments consisting of two buildings, ranging from 5 basement floors to 34 above-ground floors, with a total of 228 households. It is scheduled to receive management disposition approval in August 2022, start construction in October 2023, and be completed by November 2026. The number of units available for general sale, excluding union members' shares, is 97.

A representative from Ssangyong Engineering & Construction stated, "It is significant that we secured an additional construction contract just over a month after our first contract last month," adding, "With 'The Platinum's first entry into Anyang, we have also laid the groundwork for securing additional small-scale maintenance projects in the metropolitan area."

Meanwhile, Ssangyong Engineering & Construction has secured projects worth approximately 4.1 trillion KRW in urban maintenance fields such as redevelopment, reconstruction, and remodeling, covering about 26,000 households across 27 complexes. In the first half of this year alone, it secured projects totaling 4,700 households, including the remodeling of Gwangmyeong Cheolsan Hanshin, Songpa Garak Ssangyong 1st remodeling, and the Taekwang Mansion street housing maintenance project.

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