Apgujeong5District, Hyundai Engineering & Construction · Shinbanpo19·25phase, Samsung C&T selected as contractor
2026year 5At the end of the month, Hyundai Engineering & Construction and Samsung C&T were each selected as contractors for major reconstruction projects. Apgujeong5District was won by Hyundai Engineering & Construction, while Shinbanpo19·25phase was awarded to Samsung C&T. The scale of the Apgujeong project is being discussed at around 1trillion5,000billion won.
2026year 5month 30day and 31day, the results of reconstruction project bids were announced. Apgujeong5District selected Hyundai Engineering & Construction as its contractor. Shinbanpo19·25phase selected Samsung C&T as its contractor. The two projects are large-scale reconstruction projects being carried out by separate associations.
Shinbanpo19·25After a close contest in the contractor-selection process, the association chose Samsung C&T. Following the selection, the project brand name “Raemian Illuce” is being discussed. The association plans to finalize details such as the future project schedule and member contributions. Reports say preferred pledges and design proposals were key factors in the vote.
Apgujeong5For the district project, some put its scale at 1trillion5,000billion won. Hyundai Engineering & Construction presented a reconstruction plan centered on the district. The project’s feasibility assessment and sales plan will be decided in consultation with the association. Related permits and detailed designs are scheduled.
Hyundai Engineering & Construction separately 2026year 5month 29day, conducted first-come, first-served contract signings at “Hillstate Seonam Lake Park” in Ulsan. The complex is currently in the local sale schedule. The sales method was announced as first-come, first-served contracting. The contract start date and recruitment terms are included in the disclosed information.
Hyundai Engineering & Construction used the expression “Apgujeong5 District” for the project. Samsung C&T submitted a proposal centered on its brand name and design concept. Both companies sought the votes of the cooperative members by highlighting their major brands and pledges. The contractor selection will lead to future sales schedules and construction revenue.
With this contract award, Hyundai Engineering & Construction and Samsung C&T secured additional reconstruction projects in the Gangnam area. In some locations, the vote margins were narrow, leaving uncertainty at the early stages of the projects. The cooperative’s confirmed member contributions and permitting schedule should be monitored. Once the relevant procedures progress, specific sales schedules are expected to be announced.