Shindongah Construction has acquired land for a multi-family housing project in Jinjeop, Namyangju, Gyeonggi Province.
On October 7, Shindongah Construction announced that it has purchased approximately 28,043 square meters of land in Yeonpyeong-ri, Jinjeop-eup, and plans to develop a multi-family housing project.
The project will feature a building with two underground floors and 29 above-ground floors, comprising 590 housing units along with community facilities. Construction and sales are targeted to begin in October next year, with projected revenue of about 350 billion won if the project proceeds as planned.
This initiative marks Shindongah Construction's first self-initiated project since completing its rehabilitation process. The company plans to gradually expand its self-initiated projects, starting with the Jinjeop development, focusing on areas in the metropolitan region with high business potential.
A company representative stated, "We are concentrating our efforts on redevelopment and self-initiated projects in regions with strong business viability, particularly in Seoul and the metropolitan area. Given the favorable development conditions and competitive location of Jinjeop, we are committed to advancing this project steadily."
* This article has been translated by AI.
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