GS S&D Wins 109.1 Billion Won Small-Scale Redevelopment Project for Bando Bora Mansion in Suan-dong, Busan

by Lee Jungyun

Published 17 Mar.2026 15:21(KST)

Perspective view of the small-scale reconstruction project of Bando Bora Mansion in Suan-dong, Busan. JSND

GS S&D announced on March 17 that it has been selected as the contractor for a multi-family housing project with a total of 284 units in Suan-dong, Busan.

This order is GS S&D's first of the year and its second supply in the Busan area. In 2022, GS S&D launched 'Songdo Xi Le Ne The Ocean' in Busan for the first time, which was completed in March last year.

The project involves the construction of two buildings with 284 residential units and neighborhood facilities, spanning from two basement floors to 36 above-ground floors. Construction is scheduled to begin in July 2027, with a total construction period of 38 months.

The contract value for this project is approximately 109.1 billion won, equivalent to about 7.9% of GS S&D's sales last year.

GS S&D has been achieving results since establishing its Urban Maintenance Business Division last year. Starting last year, it secured orders such as a 10.4 billion won multi-family housing project in Kimnyangjang-dong, Yongin; the Euljiro 3-1, 2 District Office Building (184.4 billion won); the Maporo 5 Redevelopment Project (230.8 billion won); and the Mangwon-dong Moa Town project in Mapo-gu (152.2 billion won).

A GS S&D official stated, "Since establishing the Urban Maintenance Business Division last year, we have continued to deliver results. Leveraging the power of the Xi Le Ne brand, we plan to further enhance our competitiveness in securing maintenance projects in core areas such as Seoul and Busan starting this year."