Kumho Construction Selected as Preferred Negotiation Partner for Busan Eco Delta City Block 24

Kumho Construction announced on the 13th that it has been finally selected as the preferred negotiation partner for the "Eco Delta City Block 24 Private Participation Public Sale Housing Construction Project" commissioned by Busan Urban Corporation in Busan.

Perspective view of the 'Eco Delta City Block 24 Private Participation Public Sale Housing Construction Project' [Provided by Kumho Construction]

With a total project cost of 262.1 billion KRW, Kumho Construction, as the lead consortium member, was selected as the preferred negotiation partner. Construction is scheduled to begin in November 2024, with occupancy planned for November 2027.

The "Eco Delta City Block 24 Public Sale Housing Construction Project" is a project by Busan Urban Corporation to build public housing to supply quality housing at prices lower than the surrounding market rates to Busan citizens, including youth and newlyweds. Busan Urban Corporation invests in the land, while Kumho Construction is responsible for the design, construction, and sale of the public housing in this public-private joint project.

This private participation public sale housing is located in Gangdong-dong, Gangseo-gu, Busan, within Busan Eco Delta City. It consists of 16 buildings ranging from 2 basement floors to 15 floors, with a total floor area of 148,961㎡, comprising 1,023 units of small to medium-sized apartments with exclusive areas of 59㎡ and 84㎡. Reflecting diverse consumer demands, the units are designed with 4 types of 59㎡ layouts and 5 types of 84㎡ layouts, offering a variety of floor plans.

In response to consumer demand, the complex will use Kumho Construction’s premium apartment brand "Eoullim," enabling residents to live in branded apartments at affordable prices. Additionally, specialized designs incorporating Kumho Construction’s technological expertise and various community facilities will be available.

The complex to be built in Eco Delta City Block 24 is expected to be popular among parents due to its excellent educational environment. A kindergarten and elementary school are planned within Block 24, and a middle school is planned in the adjacent Block 17, allowing safe walking access to schools via public pedestrian pathways.

The complex includes various community facilities, with a cultural plaza featuring flowing water located at the center. Furthermore, an art museum will be established within the complex, allowing residents to experience both nature and culture simultaneously.

A Kumho Construction official stated, "This award was possible due to Kumho Construction’s extensive experience in private participation projects and our deep consideration and understanding of the project. We will contribute to the development of the Busan region by supplying differentiated premium housing befitting Eco Delta City."

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