Samsung C&T, Apgujeong4district contractor selection: 2 trillion 1,000 won in contracts
Samsung C&T in Apgujeong4was selected as the district’s contractor, 2 trillion 1,000 won in reconstruction contracts confirmed. The Sangdaewon2district is set to hold a meeting called by union members on 5 to 30 to pursue replacing its contractor.
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Samsung C&T4has been selected as the contractor for the Apgujeong district. The selection was confirmed on 5 to 23. The contract is reportedly worth 2 trillion 1,000 hundred million won.
Apgujeong4district is a reconstruction project site in Gangnam-gu, Seoul. In terms of project scale and location, the district is classified as a key reconstruction area. Reports say Samsung C&T secured the construction contract.
Sangdaewon2district’s union decided to hold a meeting called by union members on 5 to 30. The meeting is intended to put forward a motion to replace the contractor. The meeting schedule was announced by the union.
In both cases, the selection and replacement of contractors are key issues in the redevelopment projects. Apgujeong4District is notable for the large contract value. Sangdaewon2District is notable for the expression of an intent within the residents’ association to replace the contractor.
Apgujeong4District’s specific construction start date and contract terms have not yet been disclosed. Sangdaewon2District’s general meeting results will be confirmed after 5month 30day. Relevant disclosures and announcements from the residents’ association will be key information going forward.
Further details will be disclosed through official announcements from the residents’ associations and companies. The market should first check official announcement materials.