Ssangyong Construction Wins Contract for Pyeongtaek Tongbok-dong Mixed-Use Complex Construction... Worth 289.3 Billion KRW

Ssangyong Engineering & Construction announced on the 20th that it has exclusively secured a residential-commercial complex new construction project worth 289.3 billion KRW in Tongbok-dong, Pyeongtaek-si, Gyeonggi-do last June.

This project is a large-scale residential-commercial complex new construction in the Tongbok-dong area of Pyeongtaek-si, Gyeonggi-do. Construction is planned to start in October, with a duration of 54 months.

The building will consist of four towers ranging from 6 basement floors to 49 above-ground floors, including 784 residential units with exclusive areas of 84 to 129㎡, 50 officetel units, neighborhood living facilities, and auxiliary welfare facilities. All units are planned for general sale, making it the largest residential-commercial complex supplied by Ssangyong Engineering & Construction since launching the ‘The Platinum’ brand in 2018.

Perspective view of the residential-commercial complex in Tongbok-dong, Pyeongtaek.
[Photo by Ssangyong Engineering & Construction]

The location is adjacent to Pyeongtaek Station on Subway Line 1 and the Gyeongbu Line, SRT Pyeongtaek Jije Station, and Pyeongtaek Express and Intercity Bus Terminals, providing excellent public transportation and metropolitan transit networks. It is situated in the central urban area of Pyeongtaek city, with well-established living infrastructure.

Additionally, there are abundant development benefits such as the presence of advanced semiconductor industrial complexes including Godeok General Industrial Complex (Samsung Electronics) and Pyeongtaek Brain City, the creation of a compact city, and the planned extension of GTX A and C lines.

A Ssangyong Engineering & Construction official stated, “We plan to create a residential space befitting the premium residential-commercial complex at Pyeongtaek Station and develop it as a regional landmark. In the second half of the year, we will actively discover and secure orders for urban renewal projects in the metropolitan area and major cities, as well as remodeling complexes.”

Meanwhile, in the first half of the year (January to June), Ssangyong Engineering & Construction secured a total of 1.3048 trillion KRW in projects, including overseas orders worth 462.4 billion KRW such as the Dubai Parkview Residence in the Middle East (151.3 billion KRW) and Hwaseong ASML New Campus new construction project (180.4 billion KRW), as well as domestic orders including the current Pyeongtaek Tongbok-dong residential-commercial complex new construction project (289.3 billion KRW).

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