Hyundai Construction Achieves 4.8251 Trillion KRW in Urban Renewal Orders This Year... Largest Performance in One Year

Won 305.2 billion contract for remodeling project of Suwon Sinmyeong-dong Boa Apartment

Bird's-eye view of the remodeling of Sinmyeongdong Boa Apartment.

Hyundai Construction has surpassed last year's record-breaking cumulative urban maintenance orders of 4.8251 trillion KRW within just one year.

On the 24th, Hyundai Construction announced that it had secured a remodeling project for Suwon Sinmyeong-dong Boa Apartment worth 305.2 billion KRW.

Sinmyeong-dong Boa Apartment is a complex located at 76, Bongyeong-ro 1517beon-gil, Yeongtong-gu, Suwon-si, Gyeonggi-do, covering an area of 38,944.6㎡. It consists of eight residential buildings with one basement floor and 20 above-ground floors, totaling 836 households. Hyundai Construction plans to increase the floor area ratio to 299.61% through horizontal and annex expansion remodeling, raising the complex to three basement floors and 21 above-ground floors with eight residential buildings totaling 961 households, an increase of 125 units. The proposed complex name is ‘HILLSTATE LUMITERRE.’

Hyundai Construction aims to join the 5 trillion KRW club for urban maintenance projects this year through additional orders by the end of the year and to challenge for the industry's first three consecutive years in first place.

A Hyundai Construction official said, "Even though there were no large-scale project orders like last year's Hannam 3 District, we are internally very encouraged to have broken the record again within a year," adding, "There are still projects expected for additional orders such as the Heukseok 9 District redevelopment project, Jamwon Galaxy 1st remodeling project, and Daechi Bichitown street housing project. We will do our best to join the 5 trillion KRW club and achieve the industry's first three consecutive years in first place."

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