Hyundai Construction Wins 1 Trillion Won Contract for Gwacheon Jugong Complex 8 and 9

Aerial Rendering of Reconstruction for Gwacheon Jugong Complex 8 and 9 in Burim-dong, Gwacheon-si, Gyeonggi-do

[Asia Economy Reporter Ryu Tae-min] Hyundai Engineering & Construction announced on the 2nd that it won the contract for the Gwacheon Jugong 8 and 9 Complex Reconstruction Project, worth approximately 1 trillion KRW, on the 30th of last month. With this contract, Hyundai Engineering & Construction achieved a cumulative urban maintenance order amount of 3.1925 trillion KRW this year, joining the 3 trillion KRW club for three consecutive years.

The Gwacheon Jugong 8 and 9 Complex, known as the final puzzle of the Gwacheon 3rd reconstruction, is a large complex of 2,120 households located on approximately 137,996㎡ at 180 Byeollyang-ro, Gwacheon-si (41 Burim-dong). Since the Gwacheon Jugong 8 and 9 Complexes are located on the same lot and their shares are intertwined, they have decided to proceed with an integrated reconstruction project together. Through reconstruction, the complex will be reborn as a development with 25 buildings ranging from 3 basement floors to 35 above-ground floors, comprising 2,837 apartment units and auxiliary welfare facilities.

Hyundai Engineering & Construction stated that it applied Gwacheon's first premium residential brand, ‘THE H’, and proposed ‘THE H LEBLISS’ as the complex name.

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