Bando Construction Wins Reconstruction Contract for Daegyeong Yeonlip in Yangcheon-gu, Seoul... Worth 40.6 Billion KRW

Seoul Reentry After 4 Years

Perspective view of the reconstruction project of Daegyeong Yeonlip in Yangcheon-gu, Seoul ＜Photo by Bando Construction＞

Bando Construction announced on the 31st that it has been selected as the contractor for the Daegyeong Yeonrip Reconstruction Project in Yangcheon-gu, Seoul. This marks their first project win in Seoul in four years since 2017.

This project has been underway since 2000. After being selected as the preferred negotiation partner in June this year, Bando Construction succeeded in winning the contract following on-site briefings for union members and a general meeting of contractors. The Daegyeong Yeonrip Reconstruction Project union selected Bando Construction as the contractor at the union members' general meeting held on the 28th.

The Daegyeong Yeonrip Reconstruction Project in Yangcheon-gu, Seoul, is located at 127-4 Sinjeong-dong, Yangcheon-gu, Seoul, covering an area of 7,124.6㎡. The project applies a floor area ratio of 243.72% to construct three buildings ranging from two basement floors to 15 above-ground floors, comprising 186 households sized between 59 and 84㎡. Construction is scheduled to begin in 2022 following architectural review, with a total construction cost of approximately 40.6 billion KRW.

The site is conveniently located within 500 meters of Omokgyo Station on Subway Line 5, and within 1 km of Yangcheon-gu Office Station and Dorimcheon Station on Line 2, providing easy access to various parts of Seoul. To the east, the Western Arterial Road is adjacent, offering excellent regional accessibility via internal arterial roads and the Seohaean Expressway.

The educational environment is well established. Near the project site are Mokdong Middle School, Mokdong Elementary School, and Sinmok Elementary School, known collectively as the Gangseo 3 school district. Prestigious high schools such as Jinmyeong Girls' High School, Yangjeong High School, Hangaram High School, and Mokdong High School, as well as the Mokdong academy district, are also nearby, providing excellent educational conditions.

Major commercial areas such as Hyundai Department Store, E-Mart, and Kim's Club are close by, along with public offices including Yangcheon-gu Office, Yangcheon Tax Office, and the Southern District Court. To the east lies the Anyangcheon Stream, offering waterfront space, and within 1 km are green spaces such as Anyangcheon Ecological Park, Yangcheon Haenuri Sports Park, Mokdong Sports Complex, and Yangcheon Neighborhood Park.

Bando Construction has recently been diversifying and expanding its business areas by consecutively winning urban maintenance projects.

In January, Bando Construction participated as part of a three-company consortium and was selected as the contractor for the Masan Banwol District Reconstruction Project (1,954 households). In April, it also won the Busan Gwang-an District Housing Association Project (525 households) worth 90.8 billion KRW independently, demonstrating its prominence in urban maintenance projects.

Additionally, Bando Construction's first Seoul project win in 2017, the 'Seodaemun-gu Yeongcheon District Redevelopment Project,' is preparing for general sales in the first half of next year.

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