Apgujeong and Sinbanpo secure construction rights, Sangdaewon2District faces legal battle
In key redevelopment projects in Seoul's Gangnam area, construction company selections have been completed in some districts, while in some sites, including Sangdaewon2District, project progress has become uncertain due to injunction lawsuits between associations and construction companies. Hyundai E&C secured construction rights in Apgujeong 3District and 5District, while Samsung C&T secured construction rights in Sinbanpo 19·25phase.
Construction company selections are being completed one after another at key redevelopment projects in Seoul's Gangnam area. Some districts have completed the procedures and are accelerating their projects. Meanwhile, conflicts between associations and construction companies continue at other sites.
In Apgujeong, Hyundai E&C was selected as the construction company in succession for 3District and 5District. The districts are classified as key locations along the Han River. The selection procedures recently ended.
In Sinbanpo's 19·25phase integrated redevelopment project, Samsung C&T's construction division secured the construction rights. Securing the construction rights is an important turning point because this is an integrated redevelopment project. The selection procedure for this project was also completed recently.
Meanwhile, conflicts over the selection of contractors have repeatedly arisen at some redevelopment sites in the Seoul metropolitan area. Seongnam Sangdaewon2district 2015selected DL E&C as its contractor in 2021and signed a construction contract in . The applicability of a high-end brand and other issues emerged as sources of conflict.
The association 4month 11passed a motion to terminate its contract with DL E&C at a general meeting. The court granted DL E&C’s application for a preliminary injunction suspending the effect of the decision, restoring its status as contractor. Subsequently, 5month 30a motion to select GS Engineering & Construction as the new contractor was approved at an extraordinary general meeting.
DL E&C responded by filing another application for a preliminary injunction suspending the effect of the decision with the court on 1. As a result, the injunction litigation reignited in less than two months. Seongsu4district is also reported to have conflicts in the contractor-selection process.
Sources: 뉴시스 경제
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