Small-scale Complex Remodeling Gains Momentum in Jamwon Area... Hyundai Family Begins Contractor Selection

Jamwon Hyundai Family Announces Construction Contractor Selection Bidding on the 7th
Transforming into 123 Households through Vertical Extension
Prime Location Near Line 7 Banpo Station
Surrounding Complexes Also Progressing Smoothly

Apartment buildings in the Seoul area (Photo by Yonhap News)

[Asia Economy Reporter Ryu Tae-min] A remodeling wave is sweeping through the Jamwon-dong area in Seocho-gu, Seoul, known as a prime location along the Han River. Small to mid-sized mid-rise apartments with fewer than 300 households are consecutively initiating remodeling projects.

According to the maintenance industry on the 10th, the Jamwon Hyundai Family Remodeling Association announced a bid for selecting a construction company on the 7th and will hold a site briefing session on the 14th. The selection of the construction company will be conducted through a restricted competitive bidding process, and only companies with remodeling completion records of 300 households or more are eligible to participate. The bidding will close on May 13.

Jamwon Hyundai Family is a mid-rise apartment built in 1997, consisting of one building with 113 households, with a maximum of 13 to 17 floors above ground and a floor area ratio of 342%. This complex is located right in front of Banpo Station on Seoul Subway Line 7, making it a super-station area in the Gangnam district, and it is reported that large construction companies are actively participating in the project.

Jamwon Hyundai Family is expected to transform into 123 households with a floor area ratio of 479% through vertical extension remodeling. Vertical extension, which adds 2 to 3 floors to each building, is more profitable than horizontal extension, but due to the need for rigorous safety reviews?including primary safety diagnosis, first and second safety reviews, and secondary safety diagnosis?there are relatively few projects pursuing this method.

Other complexes in the Banpo area are also undergoing transformations through remodeling projects. Jamwon Donga selected Hyundai Engineering & Construction as the contractor in December last year. Built in 2002, this complex has 991 households and is the most notable in the area due to its proximity to Banpo Station. The remodeling project will apply the premium brand ‘THE H’ for the first time and will be reborn as 1,127 households.

Jamwon Family, built in 1992 with 288 households, also passed the architectural review in the same month. Constructed by POSCO Engineering & Construction, this complex will increase to 310 households with up to 20 floors through horizontal and annex extensions. Nearby complexes such as Banpo Hanshin Tower (250 households), Blue Hill House (125 households), Jamwon Central Heights (126 households), and Kim’s Village (160 households) are reportedly discussing integrated remodeling after establishing promotion committees.

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