HDC Hyundai Development Company Wins Byeondong A District Redevelopment in Daejeon, Surpasses 3.7 Trillion Won in Cumulative Orders

Up to 35 Floors and 2,566 Units Planned
Annual Orders Surpass 3.7874 Trillion Won This Year

HDC Hyundai Development Company announced on September 15 that it has been selected as the contractor for the redevelopment and maintenance project of the Byeondong A District in Daejeon, with a construction cost amounting to 960.2 billion won. Including this project, the company's total order intake for the year has surpassed 3.78 trillion won.

Aerial view of Daejeon Byeondong A District. Provided by HDC Hyundai Development Company

HDC Hyundai Development Company secured the construction rights by winning 566 votes (92%) out of 615 union members who attended the contractor selection general meeting for the Byeondong A District in Daejeon, held on September 13.

The Byeondong A District redevelopment project in Daejeon will be carried out at 13-1 Byeondong, Seo-gu, Daejeon Metropolitan City, and involves constructing 25 apartment buildings with 2,566 units and auxiliary facilities, ranging from three basement floors to a maximum of 35 floors above ground. The project site is adjacent to key residential areas such as Dunsan-dong, and offers a highly desirable living environment with educational facilities like Daejeon Foreign Language High School, as well as green spaces such as Wolpyeong Park and Yudeungcheon Stream. There are high expectations for the site to become a landmark complex that will drive the revitalization of the nearby Doma-Byeondong Redevelopment Promotion District, as it is located in a planned double station area for the future Daejeon Urban Railway Lines 4 and 5.

An official from HDC Hyundai Development Company stated, "Having carried out symbolic projects in Daejeon such as Daejeon I-Park City Phases 1 and 2, and Dunsan Xi I-Park, we plan to expand our influence based on our deep understanding of the region. Through a developer strategy that encompasses planning, design, construction, and operation, we aim to build landmarks connected to the local community and provide customized solutions that meet the needs of union members. We will also become a reliable business partner based on a stable financial structure."

Including the Byeondong A District redevelopment and maintenance project in Daejeon, HDC Hyundai Development Company's cumulative order intake for this year has exceeded 3.7874 trillion won. This year, HDC Hyundai Development Company has won the following projects: Dan-Gye Jugong Apartment Reconstruction in Wonju, Gangwon Province (436.9 billion won), Gwang-an 4 District Redevelopment in Busan (419.6 billion won), Yeonsan 10 District Redevelopment (445.3 billion won), Yongsan Maintenance Depot Zone 1 Redevelopment (924.4 billion won), Mia 9-2 District Reconstruction (298.8 billion won), and Sindang 10 District Redevelopment (302.2 billion won).

An official from HDC Hyundai Development Company said, "We will actively and selectively review strategic project sites to achieve a record-breaking performance in the urban maintenance sector, surpassing last year's order intake of 1.3331 trillion won in this field. Going forward, we plan to further enhance I-Park's competitiveness through orders not only in Seoul and the metropolitan area, but also in major cities nationwide."

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