DL Construction Achieves '1 Trillion Club' in Urban Renewal Projects Successfully

DL Construction "Expected to Achieve Total Performance of 1.4 Trillion Won by This Year"

Aerial perspective of the Namju-dong 9 District Street Housing Maintenance Project in Cheongju, Chungbuk (top) and the Myeonmok Station 2 District Street Housing Maintenance Project in Seoul. (Photo by DL Construction)

[Asia Economy Reporter Minyoung Kim] DL Construction has succeeded in joining the '1 Trillion Won Club' for urban redevelopment project orders.

DL Construction announced on the 30th that it recently secured the construction rights for the 'Chungbuk Cheongju Namjudong 9 District Street Housing Redevelopment Project' and the 'Seoul Myeonmok Station 2 District Street Housing Redevelopment Project.'

With this, DL Construction has recorded a new cumulative order amount of 1.1336 trillion won in the urban redevelopment sector. DL Construction first joined the 1 Trillion Won Club for urban redevelopment projects in November 2020 since its establishment.

The Cheongju Namjudong 9 District Street Housing Redevelopment Project, for which construction rights were secured on the 25th, is planned to be carried out in the Namjudong area of Sangdang-gu, Cheongju, Chungcheongbuk-do. Through this project, DL Construction will build a complex with 5 basement floors to 38 above-ground floors, including 414 apartment units and 57 officetel units. The Myeonmok Station 2 District Street Housing Redevelopment Project will be conducted in the Myeonmok-dong area of Jungnang-gu, featuring 2 basement floors to 15 above-ground floors and 259 apartment units.

Previously, DL Construction secured orders for projects such as △Cheongju Namjudong 1 District (550 units, 2020) and △Cheongju Namjudong 2 District (558 units, 2021).

With this construction rights acquisition, DL Construction has laid the foundation for creating the nearby 'Moa Town.' Moa Town is a redevelopment project that bundles old low-rise residential areas within 100,000㎡ where large-scale redevelopment is difficult, supplying apartments and convenience facilities. The Seoul Metropolitan Government has set a plan to supply more than 30,000 housing units through Moa Town by 2026. Myeonmok-dong, along with Beondong, was selected as a pilot site for the Moa Town project by Seoul City.

A DL Construction official said, "Starting with this order, we will continue to secure orders in nearby redevelopment zones while promoting the e-Pyeonhansesang brand town and eventually develop it into Moa Town."

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