POSCO Engineering & Construction Wins 'Seongwon Towol Grand Town' Contract... Remodeling Orders Surpass 3 Trillion Won

Sungwon Towol Grand Town Remodeling Perspective Rendering

[Asia Economy Reporter Ryu Taemin] The POSCO Engineering & Construction consortium was selected as the contractor at the general meeting held on the 15th for the remodeling project of 'Seongwon Towol Grand Town' in Changwon, Gyeongnam. Accordingly, POSCO Engineering & Construction has surpassed 3 trillion KRW in cumulative remodeling orders, the largest single-year achievement in the industry.

'Seongwon Towol Grand Town' is a complex located in Seongsan-gu, Changwon-si, Gyeongnam, completed in 1994 and now 28 years old. The Grand Project Team, consisting of POSCO Engineering & Construction, Hyundai Engineering & Construction, Hyundai Engineering, and Kolon Global, plans to transform the existing 25-story, 42-building, 6,252-unit apartment complex through horizontal and separate building extension remodeling into a 36-story, 43-building, 7,136-unit complex. The newly constructed 884 units will be offered for general sale. The construction cost is approximately 2.36 trillion KRW, making it the largest remodeling project in Korea.

The Grand Project Team proposed various specialized designs including their own brand 'GRAND36' for Seongwon Towol Grand Town. Notably, they implemented a grand exterior design featuring overwhelmingly large gatehouses such as the Golden Gate, Blue Gate, and Open Gate, the top-floor Grand Sky Bridge, and artistic side walls with curved shapes finished with steel plates and curtain wall looks.

The existing above-ground parking lot was transformed into a Grand Theme Garden, embodying the concept of a massive natural artwork (Grand Arte). The underground parking, previously two floors, was expanded to four floors, increasing parking spaces from 0.63 per household to 1.31 per household, significantly improving parking convenience for residents.

Additionally, the project team proposed unprecedented community facilities for an apartment remodeling, including a Grand Cinema, swimming pool, golf practice range, GX room, sauna, fitness center, multi-court, community hall, and sky community.

Through this order, POSCO Engineering & Construction has solidified its position as the undisputed leader in remodeling with a cumulative total of 32 complexes and 30,468 units completed. Recently, POSCO Engineering & Construction consecutively secured projects for 'Sinbanpo Cheonggu Apartment Remodeling,' 'Myeongil Jungang Heights Apartment Remodeling,' and 'Jamsil Hyundai Apartment Remodeling.'

A POSCO Engineering & Construction official stated, “Unlike new construction or reconstruction, remodeling projects require advanced technology and experience from design and permits to construction,” adding, “POSCO Engineering & Construction will pour all the accumulated know-how from its industry-leading order record and extensive project experience to transform the complex into a landmark standing at the top.”

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