Ssangyong Construction Consortium Wins Incheon Bugae Jugong 3 Complex Contract... Worth 470.7 Billion KRW

[Asia Economy Reporter Kim Hyemin] Ssangyong Construction Consortium announced on the 30th that it has won the remodeling construction contract for Bugae Jugong Complex 3 in Incheon.

Ssangyong Construction was selected as the final contractor at the general meeting for the remodeling of Bugae Jugong Complex 3, located in Bugae-dong, Bupyeong-gu, Incheon, on the 28th. The consortium was formed together with SK Ecoplant, marking the first remodeling project of the year.

The remodeling of Bugae Jugong Complex 3 is the largest and first remodeling project among those being promoted in Incheon. Completed in 1996, the remodeling will transform the 1,724 households into 1,982 households. The total number of units for general sale is 258.

The existing underground parking lot on the first basement floor will be expanded to the third and fourth basement floors, increasing the number of parking spaces from 1,260 to 2,378. The exclusive area of each household will also increase by about 30%. The total construction cost is 470.7 billion KRW.

A Ssangyong Construction official stated, "Through the synergy of Ssangyong Construction, ranked number one in domestic remodeling performance, and SK Ecoplant, which has the highest credit rating, we have secured the first and largest scale construction project in Incheon." He added, "We will continue to strengthen remodeling sales in Seoul, the metropolitan area, and major cities, and enhance our status as the unrivaled leader in remodeling by securing large complexes through strategic alliances with other companies."

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