On July 6, Dongbu Construction announced that it has exclusively won the contract for the "Chuncheon Hyodong Mixed-Use Development Project" commissioned by KT Estate.
The project will create a mixed-use complex with six underground floors and 39 above-ground floors, covering a total area of approximately 52,835 square meters at the site located at 681-12 Hyodong, Chuncheon. It will consist of 264 housing units, including 32 units of 59 square meters and 232 units of 84 square meters. The construction cost is estimated at about 101.5 billion won, with a construction period of approximately 48 months after the start date.
The site is situated in the central living area of Chuncheon, providing convenient access to existing educational, medical, administrative, and commercial facilities. Its proximity to major road networks in Chuncheon enhances the residential convenience in the urban area.
Given the limited supply of new residential units in the city center, this high-rise mixed-use development is considered a rare opportunity. The combination of residential units and commercial facilities is expected to enhance the convenience for residents while also contributing to the revitalization of the local economy.
During the bidding process, Dongbu Construction proposed specialized designs to enhance the competitiveness of its residential offerings. Improvements were suggested for unit layouts, storage space, and kitchen flow, along with increased utilization of community facilities and common areas. The plans also include amenities favored by residents, such as a fitness center, golf practice facility, children's space, guesthouse, and sky lounge.
Dongbu Construction continues to pursue a selective bidding strategy focused on profitability, leveraging its accumulated expertise in construction quality and cost management in the housing and building sectors. This year, the company has exceeded 1 trillion won in new contracts, expanding a balanced portfolio that includes both public and private projects.
A representative from Dongbu Construction stated, "This project is expected to have stable business viability based on the living infrastructure and urban housing demand in Chuncheon. We aim to complete it as a high-quality mixed-use complex that represents Chuncheon, drawing on our extensive experience in residential construction and product proposal capabilities."
Additionally, Dongbu Construction has hired about 30 new employees across key positions in civil engineering, architecture, mechanical, electrical, safety, office and information technology, and quality control this year, holding a new employee orientation on July 1.
* This article has been translated by AI.
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