From BigGo Finance · BigGo Finance · · 1m 20s
Samsung C&T Wins Yeouido Sibum Apartment Rebuild
Samsung C&T secures 2.27 trillion won Yeouido Sibum Apartment rebuild with 2,032 Han River-view units.
In brief
Samsung C&T secures 2.27 trillion won Yeouido Sibum Apartment rebuild with 2,032 Han River-view units. Samsung C&T won the Yeouido Sibum Apartment reconstruction project, securing 2,032 Han River-view units and 2.27 trillion won in construction costs. Originally reported by BigGo Finance.
Samsung C&T Wins Yeouido Sibum Rebuild
Samsung C&T has been selected as the contractor for Yeouido Sibum Apartment reconstruction in Seoul.
2.27 Trillion Won Construction Cost
The project costs approximately 2.2685 trillion won (about $1.7 billion), equivalent to 5.57% of Samsung C&T's last year revenue.
2,032 Han River-View Units
Han River-view units expanded from 1,616 to 2,032 through design changes.
Raemian Belt Development
Samsung C&T now has three core Yeouido reconstruction projects, forming the Han Riverfront Raemian belt.
New Complex Name: RAEMIAN SonelY
The company proposed 'RAEMIAN SonelY' combining 'Standard' and 'One & Only' for a landmark Yeouido complex.
OMA Architectural Partnership
Samsung C&T partnered with Dutch firm OMA, known for Seattle Central Library and Beijing CCTV headquarters.
Next Home Technology
The project introduces 'Next Home' technology with movable furniture and modular bathrooms.
Community Facilities Expansion
Community facilities doubled from 3,900 to 8,100 pyeong with 90 programs for residents.
Project Timeline
Yeongdeungpo District approved the project implementation plan with 2027 target for management and disposal plan approval.
The main idea
Samsung C&T won the Yeouido Sibum Apartment reconstruction project, securing 2,032 Han River-view units and 2.27 trillion won in construction costs.
