Hyundai Construction and Daewoo Construction Consortium Wins Busan Goejeong 5 District Redevelopment Project

KRW 1.3086 Trillion Scale... 27 Buildings, 3,102 Apartment Units

144 Officetel Units and Ancillary Welfare Facilities Created

Proposed Complex Name: 'Hillstate Prugio Saha Station Forest'

‘Hillstate Prugio Saha Station Forest’ Perspective View

On the 10th, Hyundai Construction Consortium announced that it had won the Busan Goejeong 5 District redevelopment project worth 1.3086 trillion KRW.

The Busan Goejeong 5 District Redevelopment Association held a general meeting on the 8th to select a construction company. A vote was conducted among the members on the sole bid from the Hyundai Construction Consortium, the preferred negotiation partner, and it was finally selected as the construction company.

The Goejeong 5 District redevelopment project is located at 571-1, Goejeong-dong, Saha-gu, Busan, consisting of 27 buildings ranging from 3 basement floors to 39 above-ground floors. It will build 3,102 apartment units, 144 officetel units, and auxiliary welfare facilities.

The project site is located in a prime station area adjacent to Saha Station on Busan Subway Line 1, offering excellent transportation accessibility, and is also close to Saha Elementary and Saha Middle Schools, providing an excellent educational environment.

The Hyundai Construction Consortium proposed the complex name for the Goejeong 5 District redevelopment project as "Hillstate Prugio Saha Station Forest." They plan to collaborate with the world-renowned architectural firm "Arcadis" for the construction.

Reflecting consumer preferences, the complex will consist of medium to large-sized units with maximum usable area secured. There will also be a connecting passage directly linked to Saha Station.

Starting with the Seongnam Jung 2 District urban environment maintenance project this year, Hyundai Construction has achieved a cumulative order amount of 4.0257 trillion KRW across six projects: Yeouido Hanyang Apartment reconstruction, Incheon Bugae 5 District redevelopment, Daejeon Doma-Byeondong 16 District redevelopment, Songpa Garak Samik Mansion reconstruction, and Busan Goejeong 5 District redevelopment.

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