Ssangyong Construction Wins Remodeling Contract for Songpa 'Munjeong Hyundai'

Perspective rendering of the Munjeong Hyundai remodeling project contracted by Ssangyong Construction. (Provided by Ssangyong Construction)

[Asia Economy Reporter Kim Hyemin] Ssangyong Construction has been selected as the remodeling contractor for Munjeong Hyundai Apartments in Songpa-gu, Seoul.

Ssangyong Construction announced on the 19th that this decision was made at the Munjeong Hyundai remodeling general meeting held on the 16th.

Completed in 1991, this complex will be reborn through horizontal extension remodeling from ▲1 basement floor to 10 above-ground floors, 1 building, 120 households to ▲3 basement floors to a maximum of 20 above-ground floors, 1 building, 138 households. The exclusive area of 71㎡ will be expanded to 84㎡, and 84㎡ will be expanded to 99㎡. The construction cost is 50.1 billion KRW.

Additionally, the existing 10-story apartment will be raised to 11 stories through a first-floor pilotis construction. Furthermore, a new building with 20 floors will be constructed adjacent to it. The new building will include 18 units of exclusive 105㎡ planned for general sale and community facilities.

Moreover, the exterior of the building will be finished with a curtain wall look made of cube-shaped glass material. A grand large gate pillar will be designed at the main entrance. The basement level 1 parking lot will be expanded threefold to a total of 166 spaces, extending down to basement level 3. Specialized community facilities such as a private rooftop garden and sky lounge caf? will also be established.

Ssangyong Construction secured Munjeong Hyundai as its second project this year following the remodeling of the approximately 2,000-unit Incheon Bugae Jugong 3 Complex in May. In Songpa-gu, this is the third remodeling project won after Ogeum Anam, which was the first domestic remodeling apartment to complete general sales earlier this year and is currently under construction, and the approximately 800 billion KRW Garak Ssangyong Phase 1 project.

A Ssangyong Construction official said, "We will continue to strengthen remodeling sales in the metropolitan area and major cities, and firmly establish our position as the undisputed number one by pursuing mammoth-scale complex orders through strategic alliances with other companies."

Meanwhile, since launching the industry's first dedicated remodeling team in July 2000, Ssangyong Construction has completed the first to fourth domestic remodeling complexes. To date, the cumulative order record is 17 complexes, about 15,200 households, with an order amount of approximately 3 trillion KRW.

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