Hoban Construction has surpassed 1 trillion won in urban regeneration project contracts, officially joining the '1 Trillion Club.'
On September 20, Hoban Construction announced that it was selected as the contractor for the 'Changdong Sang-a 1st Apartment Reconstruction Project' in Dobong-gu, Seoul, and the 'Jungwha Station 2-6 District Street Housing Regeneration Project' in Jungnang-gu on September 19.
With this latest contract, Hoban Construction's cumulative contract amount for urban regeneration projects in Seoul and the surrounding metropolitan area this year has reached 1.1526 trillion won. The company has secured several projects this year, starting with the reconstruction of the Gojan 6 District in Ansan, followed by the street housing regeneration projects in Myeonmok 6-3, 4, and 5 Districts in Jungnang-gu, and the redevelopment project in Geumjeong 3 District in Gunpo.
The Changdong Sang-a 1st Apartment Reconstruction Project involves the construction of eight residential buildings with 962 units and community facilities, spanning four underground floors and 45 above-ground floors. The total floor area is 147,044 square meters, with a total contract amount of approximately 308.3 billion won.
This reconstruction project is the largest single regeneration area contract Hoban Construction has secured in Seoul. It marks the first introduction of the 'Hoban Summit' brand in the northeastern region of Seoul, including Nowon, Dobong, and Gangbuk districts. It is also the second project won using the trust executor method, following the Geumjeong 3 District redevelopment project.
The Jungwha Station 2-6 District Street Housing Regeneration Project will create five residential buildings with 259 units and community facilities, spanning three underground floors and 27 above-ground floors. The total floor area is 39,772 square meters, with a total contract amount of approximately 92.6 billion won.
This latest contract is a follow-up to the project Hoban Construction secured in November of last year for the Jungwha Station 2-4 District. The company plans to expand the two street housing regeneration project areas to create a 'Hoban Summit' brand town with a total floor area of 156,473 square meters and 990 units.
This achievement reflects Hoban Construction's strengthened expertise through the establishment of an organization dedicated to urban regeneration projects in Seoul and the metropolitan area. In August 2025, the company set up a dedicated organization, including the Southern Seoul Business Office, and officially opened it on October 15 of that year at the Korea Press Center in Jung-gu, Seoul, establishing a system for securing regeneration project contracts.
A representative from Hoban Construction stated, “As a result of continuously enhancing our capabilities in discovering and executing urban regeneration projects centered on Seoul and the metropolitan area, we have exceeded 1 trillion won in contract amounts this year. We will continue to enhance our competitiveness by type of project and expand our presence in urban regeneration projects in the metropolitan area based on the differentiated product quality of Hoban Summit.”
* This article has been translated by AI.
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