Hyundai E&C ranks no 1. in orders of urban renewal projects

Hyundai E&C has won the Hannam District 3 project, Korea’s largest redevelopment project with an estimated total project cost of seven trillion won. This means a landmark apartment complex of THE H will be built in the area of great value in the country’s capital.

Hyundai E&C has been selected as a contractor for the Hannam District 3 redevelopment project by the housing redevelopment association for the region in Yongsan-gu after two rounds of votes on June 21.

The bidding competition for this large-scale redevelopment project gained huge attention even at its early stage due to the size of the project and its location near the Han River. Hyundai E&C suggested exceedingly favorable conditions on the basis of our solid financial structure and abundant liquidity. Notably, the futureoriented housing systems developed through state-of-the-art technologies of Hyundai E&C, ranging from the photoplasma sterilization and ventilation system eliminating harmful viruses and materials to the Miracle Window designed to protect privacy, were said to win the hearts of the members of the association.

Meanwhile, our company has risen to the top in the orders of domestic urban renewal projects received during the first half of this year, by recording a total of 3.2764 trillion won. The total project cost of this redevelopment project will be valued at about seven trillion won, and the construction is estimated to cost 1.7387 trillion won, which makes it the country’s biggest redevelopment project to date. The Hannam District 3 project includes the construction of 197 apartment buildings of 22 floors above ground and six basement levels with 5,816 households as well as neighboring convenience facilities in 686 Hannam-dong, Yongsan-gu, Seoul.