HDC Hyundai Development Company Wins 274.2 Billion KRW Contract for Jangandong Hyundai Apartment Reconstruction

Up to 29 Floors, 7 Buildings, 746 Households Scheduled for Supply

HDC Hyundai Development Company has secured the construction rights for the reconstruction project of Hyundai Apartments in Jangan-dong, Dongdaemun-gu, Seoul, valued at 274.2 billion KRW.

Perspective view of the reconstruction project of Hyundai Apartment in Jangan-dong, Dongdaemun-gu

On the 15th, HDC Hyundai Development Company announced that it was selected as the construction company at the general meeting for selecting the construction company held on the 13th for the Jangan-dong Hyundai Apartment Reconstruction and Maintenance Project.

The Jangan-dong Hyundai Apartment Reconstruction and Maintenance Project involves building apartments and ancillary welfare facilities consisting of 7 buildings with a total of 746 households, ranging from 3 basement floors to 29 above-ground floors, on the site at 95-1 Jangan-dong, Dongdaemun-gu, Seoul.

The complex is located right in front of Hwikyung Girls' Middle and High School and is situated between Baebongsan Mountain and Jungnangcheon Riverside Park, offering a nature-friendly residential environment. HDC Hyundai Development Company proposed an alternative design that significantly improves residential quality by maximizing views of the surrounding Baebongsan and Yongmasan Mountains for residents, introducing resort-style high-end themed landscaping, hotel-style integrated lobbies, street-type commercial areas, and community facilities specialized for sports.

An official from HDC Hyundai Development Company said, "As we have the history of constructing the Jangan-dong Hyundai Apartments 40 years ago, we are grateful to the union members who trusted HDC Hyundai Development Company once again," adding, "We will meet the expectations and support of the union members with a new i-Park that will be presented with the highest quality and specialized design."

Additionally, the company plans to bid for urban maintenance projects connecting the Seoul area, including key projects in the Gangbuk area that can create synergy with the Kwangwoon University Station area development project in the second half of this year.

Last month, HDC Hyundai Development Company won the redevelopment maintenance project for Gayang-dong 1 District in Daejeon, worth 257.3 billion KRW, and with the Hyundai Apartments in Jangan-dong, it has secured urban maintenance projects totaling 531.5 billion KRW.

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