Hanyang Leads Nationwide Housing Projects with Renewed Sujain Brand

Perspective View of the Suwon Jowon-dong Street Improvement Project

[Asia Economy Reporter Ryu Tae-min] Hanyang is making steady progress in its housing business following the rebranding of its Sujain brand, having consecutively won orders for the youth housing project near Noryangjin Station, the new apartment construction project in Eumnae-dong, Daejeon, and the street housing maintenance project in Jowon-dong, Suwon.

According to Hanyang on the 28th, at the temporary general meeting of the street housing maintenance project association held on the 23rd in Jowon-dong, Jangan-gu, Suwon-si, Gyeonggi-do, Hanyang was selected as the contractor. This project involves constructing a multi-family housing complex and auxiliary welfare facilities consisting of three buildings, ranging from three basement floors to 15 above-ground floors, with a total of 138 households. Construction is targeted to begin in 2023. The floor plans are composed of popular sizes among consumers, including 59㎡, 75㎡, and 84㎡.

On the 20th, Hanyang also won a contract for a multi-family housing construction project in Daejeon. They will build a complex with 264 households and auxiliary welfare facilities in Eumnae-dong, Daedeok-gu, Daejeon. Construction is scheduled to start in January next year.

Previously, Hanyang secured a contract worth 63 billion KRW for the youth housing construction project near Noryangjin Station. The Noryangjin Station youth housing project will have approximately 37,759㎡ of total floor area, ranging from eight basement floors to 27 above-ground floors, and will include 496 households of multi-family housing and neighborhood living facilities.

Through these recent orders, Hanyang explained that it has diversified its housing business channels beyond apartment-centered projects to include trust-linked projects, youth housing near stations, and street maintenance projects.

A Hanyang representative stated, “Based on the strengthened brand and product competitiveness through the Sujain renewal and successful order experiences nationwide, we will actively participate in reconstruction projects across the country. We will expand development-type orders in both public and private sectors, such as proposals and public contests from local governments and urban corporations, and strengthen our entry into urban maintenance projects including redevelopment, reconstruction, and urban environment improvement.”

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