DL Construction has been selected as the preferred negotiation partner for the public-private housing construction project A-70BL in Pyeongtaek Godeok International City, commissioned by the Korea Land and Housing Corporation (LH).
According to DL Construction on July 13, the total project cost is estimated at 411.9 billion won. DL Construction is participating as the lead company with a 51% stake, forming a consortium with Gyeryong Construction, Namkwang Engineering & Construction, Jeil Construction, Godeok General Construction, and ESI.
The project site covers an area of 60,662 square meters within Pyeongtaek Godeok International City. It will consist of 10 buildings with a total of 1,225 publicly offered apartments, ranging from two basement levels to a maximum of 27 stories, with each unit having a dedicated area of 84 square meters. Construction is set to begin in December 2026, with completion targeted for the second half of 2029.
This contract marks DL Construction's second consecutive win in LH's public-private partnership projects, following last year's Gwangmyeong Siheung S2-4BL and S2-6BL projects. Including this year’s projects with Busan Urban Corporation at Eco Delta City 1BL and Incheon Urban Corporation at Geomam S-2BL, this will be their fourth public-private partnership contract.
The development will feature the 'e-Pyeonhansesang' brand, the first of its kind in Godeok International City. All units will be oriented southward, and a central park of approximately 24,300 square meters will be created, allowing all units to overlook the park. The distance between buildings will be maximized to 120 meters, and plans include a unified main gate and central community facilities.
Pyeongtaek Godeok International City spans 17.26 million square meters and is expected to supply around 61,000 housing units. The area is anticipated to see sustained residential demand, particularly due to the nearby Samsung Electronics Pyeongtaek campus, and there is also expected demand for commuting shuttle buses.
A representative from DL Construction stated, "We were selected as the preferred negotiation partner based on our experience in public-private partnerships and brand competitiveness. We will continue to expand our participation in such projects to strengthen our stable order base."
Additionally, DL Construction announced on July 7 that it has maintained its corporate credit ratings and commercial paper (CP) ratings from major credit rating agencies. Korea Ratings has kept DL Construction's corporate credit rating at 'A- (Stable)' for six consecutive years, while NICE Investors Service has maintained its CP rating at 'A2-' for three consecutive years.
* This article has been translated by AI.
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