Daewoo E&C Surpasses 2 Trillion Won in Cumulative Urban Renewal Orders This Year

Perspective view of the remodeling complex of Doosan Woosung Hanshin Apartment, Suwon-si, Gyeonggi-do

Daewoo E&C announced on the 11th that its cumulative orders for urban renewal projects this year have surpassed 2 trillion KRW.

At the general meeting held on the 9th, Daewoo E&C was selected as the construction company for the 'Doosan Woosung Hanshin Apartment Remodeling Project' in Suwon, Gyeonggi Province, and the 'Changdong 1 District Street Housing Maintenance Project' in Seoul. Combined, these two projects consist of a total of 2,143 households, with an order amount of approximately 593.4 billion KRW. With this order, Daewoo E&C has recorded cumulative orders worth 2.2006 trillion KRW across eight districts within two months since its first order success at the end of May.

The Suwon Doosan Woosung Hanshin Apartment Remodeling Project involves horizontally and separately expanding an apartment complex located at 232 Yeongtong-ro, Suwon-si, Gyeonggi-do, consisting of 1,842 units in buildings ranging from two basement floors to 20 above-ground floors, into 1,956 units in buildings ranging from three basement floors to 21 above-ground floors. The total construction cost is 538.3 billion KRW.

Changdong 1 District is a project to build 187 apartment units in buildings ranging from two basement floors to 15 above-ground floors in the area of 501-13 Changdong, Dobong-gu, Seoul. Daewoo E&C plans to additionally secure orders for the nearby street housing maintenance projects (tentatively named Districts 2 to 10) and promote integrated development.

A Daewoo E&C official stated, "We will selectively secure projects with excellent profitability in the second half of the year," adding, "We plan to diversify our urban renewal project portfolio by promoting various types of projects such as remodeling and small-scale maintenance projects."

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