Daebang Construction has secured a contract for the "Gwacheon Public Housing District Development Project, Section 1."
According to the construction industry on May 18, Daebang Construction submitted a bid of 68.26 billion won (approximately $682 million), which is 91.10% of the estimated price, and was selected as the top bidder in a recent comprehensive bidding process. A total of 10 construction companies participated in the bidding.
The project involves land development over an area of approximately 963,217 square meters (about 239 acres) in Gwacheon, Gyeonggi Province, covering the neighborhoods of Gwacheon-dong, Juam-dong, and Makgye-dong. The total contract amount is about 68.26 billion won, and the construction period is set for 63 months from the start date.
Daebang Construction stated, "This contract reflects our technical expertise and construction capabilities being recognized once again in the public sector. We will focus on creating a foundation for the residents of Gwacheon to enjoy a safe and pleasant living environment."
Meanwhile, Daebang Construction continues to expand its housing business under its premium residential brand, 'Dietre.' Following last year's sales of projects like 'Buksuwon Imok District Dietre The Richet II,' the company plans to continue launching projects in key locations, starting with 'Okjeong Central Station Dietre' in Yangju this year.
A representative from Daebang Construction remarked, "Winning this large civil engineering contract from the Korea Land and Housing Corporation (LH) has solidified our position in the public works sector. We plan to actively leverage our construction technology and competitiveness in future projects commissioned by LH and other government and public institutions to continuously expand our capabilities in the public sector."
* This article has been translated by AI.
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