Hoban Construction has secured the construction rights for the Geumjeong 3 redevelopment project in Gunpo, Gyeonggi Province, accelerating its expansion in urban redevelopment projects in the metropolitan area.
The company announced on July 26 that it has been selected as the construction firm for the Geumjeong 3 redevelopment project, which is being developed in the area of 766 Geumjeong-dong, Gunpo.
This project will consist of six buildings, ranging from four underground floors to 35 above-ground floors, with a total of 656 apartment units and community facilities. The total construction cost is approximately 230 billion won.
The site is conveniently located near Geumjeong Station, which serves as a transfer point for subway lines 1 and 4, as well as Gunpo Station and Sanbon Station. The opening of the GTX-C line in the future is expected to further improve transportation conditions. Additionally, the site is close to Geumjeong IC, making it easy to access major areas in Seoul and the metropolitan region.
The educational environment is also favorable, with nearby schools including Gunpo Yangjeong Elementary, Gunpo Middle, Geumjeong Middle, and Gunpo High School. Access to the academy districts in Pyeongchon and Sanbon is also excellent. The area is well-equipped with green spaces such as Han-eul Park, Dangdong Park, and Geumjeong First Children's Park, as well as essential facilities like Gunpo City Hall and large supermarkets, contributing to a positive living environment.
Notably, large-scale urban redevelopment projects are underway in the Sanbon and Geumjeong areas, raising expectations for future improvements in the residential environment. Hoban Construction has expanded its portfolio in the Gunpo area by securing the Geumjeong 3 project, following its acquisition of the Gunpo 10 district redevelopment project in 2018.
A representative from Hoban Construction stated, "Geumjeong 3 is a key redevelopment site in Gunpo with an excellent location and future growth potential. We will leverage our accumulated experience and technical expertise in urban redevelopment to carry out the project stably and create a brand complex that represents Gunpo with differentiated products and designs."
Earlier this year, Hoban Construction also won contracts for the reconstruction project in the Gojan 6 district of Ansan and the street housing maintenance projects in the Myeonmok 6-3, 4, and 5 districts in Seoul.
Meanwhile, on July 23, the Hoban Group held a communication program called 'Connecting Day,' where new employees and management shared insights on organizational culture and work experiences.
* This article has been translated by AI.
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