en.Wedoany.com Reported - South Korea's GS Engineering & Construction announced on the 4th that the company has been selected as the contractor for the reconstruction and renovation project of Seocho Jinheung Apartments in Seocho-gu, Seoul. The apartment reconstruction project is located in the area of Jinheung Apartments at 385 Seocho-daero, with plans to build 5 buildings ranging from 5 underground floors to 58 above-ground floors, totaling 879 apartment units and supporting welfare facilities. The project value is KRW 679.3 billion, with a construction period of 53 months from the commencement date.

The apartment reconstruction project underwent two rounds of contractor bidding, with GS Engineering & Construction submitting solo bids each time, ultimately transitioning to a negotiated contract. The owners' meeting was held on the 1st of this month, officially selecting GS Engineering & Construction as the contractor. This apartment reconstruction is located in Seocho-gu, Seoul, and is one of the larger high-rise residential reconstruction projects within Seoul. The project's planned maximum number of floors reaches 58, which will significantly increase the residential capacity of the area upon completion. The specific details of the supporting welfare facilities have not yet been disclosed in detail in the announcement.

GS Engineering & Construction secured the contract through a negotiated bidding process this time, meaning the owner and the contractor will enter a more direct phase of cooperation. The current construction period is 53 months from the commencement date, but the specific start date is subject to subsequent confirmation.

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