Hanshin Engineering Wins Contract for Pyeonghwa-dong Pungnyeon Housing Street Housing Maintenance Project in Jeonju

Perspective view of Jeonju Pyeonghwa-dong Street Housing Maintenance Project (Photo by Hanshin Engineering & Construction)

[Asia Economy Reporter Ryu Tae-min] Hanshin Engineering & Construction has won the contract for the Garojutaek Maintenance Project in Pyeonghwa-dong, Wansan-gu, Jeonju-si, Jeollabuk-do.

Hanshin Engineering & Construction announced on the 8th that it was finally selected as the construction company through the general meeting of the association held on the 28th of last month. According to Hanshin Engineering & Construction, the 'Pungnyeon Housing Garojutaek Maintenance Project' being promoted in the area around 427, Pyeonghwa-dong 1-ga, Jeonju-si, will create 257 apartment units and auxiliary welfare facilities, ranging from 2 basement floors to 15 above-ground floors. The apartments will be built in 5 types with exclusive areas of 59㎡ and 84㎡. The contract amount is 56.3 billion KRW, and the construction period is 26 months. The project aims to obtain implementation approval by June 2023, with groundbreaking and sales starting in March 2024.

The project site is adjacent to Baekjedero and Jangseungbaegi-ro, boasting a rapid road network that connects the entire city of Jeonju at once. Nearby are Wansan Park and Namgosanseong, which offer a pristine natural environment, making the residential conditions pleasant. Various schools such as Pyeonghwa Elementary School, Jeonju Nam Middle School, Wansan Middle School, Wansan Girls' High School, and Jeonju National University of Education are located nearby, making it expected to be convenient for children's education and academic guidance.

Furthermore, Pyeonghwa-dong in Wansan-gu is a traditionally preferred residential area in Jeonju, with abundant neighborhood living facilities such as Lotte Cinema, daycare centers, pharmacies, and clinics, which is evaluated as having an excellent residential environment. Also, since many housing maintenance projects are adjacent to this project site, abundant future value is expected.

Hanshin Engineering & Construction plans to continue its active contract acquisition efforts in the second half of the year based on favorable project conditions and brand recognition.

A representative of Hanshin Engineering & Construction stated, “We will do our best to ensure that all association members can live comfortably after moving into the maintenance project sites we have previously won.”

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