Hanshin Gongyeong Secures Consecutive Contracts for Daejo A2 Zone and Jigeum Donong 3 Zone

Daejo A2 District 350 Households, 104.4 Billion KRW
Jigeum Donong 3 District 825 Households, 255.7 Billion KRW

Hanshin Engineering & Construction announced on the 17th that it has been selected as the contractor for the ‘Daejo A2 District Street Housing Maintenance Project’ in Eunpyeong-gu, Seoul, and the ‘Jigeum Donong 3 District Redevelopment Project’ in Namyangju-si, Gyeonggi Province.

Perspective view of the 'Jigeumdonong 3 District Redevelopment Project' in Namyangju-si, Gyeonggi Province. Provided by Hanshin Engineering & Construction

According to the electronic disclosure system on the same day, Hanshin Engineering & Construction disclosed that it was selected as the contractor for the Jigeum Donong 3 District project worth 255.7 billion KRW on the 8th, followed by being chosen as the contractor at the general meeting of the Daejo A2 District union for the project worth 104.4 billion KRW on the 14th.

The Jigeum Donong 3 District redevelopment project is a development located at 4027-5, Dasan-dong, Namyangju-si, consisting of 10 buildings ranging from 3 basement floors to 29 above-ground floors, with 825 apartment units and auxiliary welfare facilities. It boasts locational advantages that allow residents to enjoy the infrastructure of both Dasan New Town and the Donong living area simultaneously.

The Daejo A2 District street housing maintenance project is a development located at 92-5, Daejo-dong, Eunpyeong-gu, consisting of 4 buildings ranging from 2 basement floors to 24 above-ground floors, with 350 apartment units and auxiliary welfare facilities. The area is well-equipped with public transportation and living infrastructure, which is expected to drive high residential demand in the future. Notably, last month, the ‘Moa Town’ management plan for 89 area in Daejo-dong, Eunpyeong-gu, was approved at the 17th Small-scale Housing Maintenance Integrated Review by Seoul City, which is expected to improve project feasibility through zoning upgrades and other measures.

Perspective view of the Daejo A2 District Street Housing Maintenance Project in Eunpyeong-gu, Seoul. Provided by Hanshin Engineering & Construction

Hanshin Engineering & Construction stated, “This is the result of focusing our order-winning capabilities on public construction and urban maintenance projects such as redevelopment and reconstruction amid a challenging construction market,” adding, “By securing major urban maintenance projects in Seoul and the metropolitan area with guaranteed project feasibility, we have once again proven our competitiveness in the urban maintenance sector.”

Following its entry into the ‘1 trillion KRW club’ for urban maintenance project orders last year, Hanshin Engineering & Construction continues to achieve results in the urban maintenance sector in Seoul and the metropolitan area this year as well. With this latest order, the backlog of urban maintenance project orders is expected to exceed 3 trillion KRW. As of the third quarter this year, Hanshin Engineering & Construction’s order backlog stands at approximately 6.1 trillion KRW (based on disclosures). Reflecting this new order, the backlog is expected to surpass 6.5 trillion KRW.

Hanshin Engineering & Construction emphasized, “We will continue to solidify our leadership in urban maintenance projects through systematic market response and differentiated competitiveness, while expanding a stable growth foundation.”

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