Hyundai Construction Wins Redevelopment Contract for Machon 4 District in Songpa-gu, Seoul... Worth 383.4 Billion KRW

[Asia Economy Reporter Jo Gang-wook] Hyundai Engineering & Construction announced on the 11th that it has won the contract for the redevelopment project of Machon 4 District in Songpa-gu, Seoul, worth 383.4 billion KRW.

Hyundai Engineering & Construction participated as the preferred negotiation candidate at the extraordinary general meeting held by the Machon 4 Redevelopment Promotion District Redevelopment Association on the 9th and was finally selected as the construction company with the approval of 466 out of 534 association members.

The Machon 4 District redevelopment project involves constructing 10 apartment buildings ranging from 3 basement floors to 33 above-ground floors and auxiliary welfare facilities on a 60,653㎡ site at 12-10, Machon-ro 61ma-gil, Songpa-gu, supplying 1,372 housing units.

Hyundai Engineering & Construction proposed the complex name 'THE H CLOUD'.

Including this project, Hyundai Engineering & Construction explained that it has secured urban maintenance projects worth a total of 2.9827 trillion KRW across 12 sites this year, becoming the first among domestic construction companies to approach the '3 trillion KRW club'.

A Hyundai Engineering & Construction official said, "To make this complex a landmark in Songpa-gu, we will collaborate again with the world-renowned architectural design firm SMDP, which worked with us on Hannam 3 District, to present unique designs such as curtain wall look, a 70m gatehouse, and private gardens."

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