Samsung C&T Selected as Contractor for Heukseok 2 Redevelopment in Dongjak-gu

Construction company selected at the residents' general meeting on the 29th... Construction cost approximately 676.2 billion KRW

Seoul Dongjak-gu Heukseok 2 District view. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Cha Wanyong] Samsung C&T Construction Division has been selected as the contractor for the Heukseok 2 District public redevelopment project in Dongjak-gu, Seoul.

Samsung C&T announced on the 30th that it was chosen as the contractor at the residents' general meeting held on the 29th for the Heukseok 2 Redevelopment Promotion Zone. The construction cost is approximately 676.2 billion KRW.

The Heukseok 2 District redevelopment project involves redeveloping the area around 99-3 Heukseok-dong, Dongjak-gu, Seoul, into four mixed-use residential and commercial buildings ranging from 7 basement floors to 49 above-ground floors. The project is being carried out as a public redevelopment initiative with Seoul Housing & Communities Corporation (SH) participating as the implementing agency.

Samsung C&T proposed the complex name 'Raemian Palleteon Seoul' for the Heukseok 2 redevelopment and presented a differentiated exterior design. The plan is to establish it as a landmark representing the area through specialized floor plans that increase service area per household and alternative designs that increase units with views of the Han River.

Additionally, a sky community will be installed, featuring a skybridge at 46 floors above ground and 169 meters high with views of the Han River, the Cafe 169 Club offering morning, afternoon, and evening services, and a residents' lounge.

Meanwhile, by winning the Heukseok 2 District redevelopment project, Samsung C&T is returning to the redevelopment market after 12 years since the Gajaeul 5 District in Seodaemun-gu, Seoul, in 2010.

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