Hoban Construction said April 26 it has won the contract for the “Myeonmok Station 6-5 district street housing redevelopment project” in the area around 113-1 Myeonmok-dong, Jungnang-gu, Seoul.
The project calls for six apartment buildings, from three basement levels to 29 stories above ground, with 449 units and related community and welfare facilities. Total construction costs are estimated at about 150 billion won.
The site is within walking distance of Myeonmok Station and Sagajeong Station on Seoul Subway Line 7, and is near green spaces including Yongmasan, Sagajeong Park and Kkachi Children’s Park.
Within a 1-kilometer radius are schools including Myeondong Elementary School, Junghwa Middle School, and Myeonmok Middle and High School.
Hoban Construction said it plans to actively review additional bids linked to nearby areas around the Myeonmok Station 6-5 district to advance a “Moa Town” project. Moa Town is a Seoul city small-scale redevelopment program that groups multiple zones of aging low-rise residential neighborhoods for development.
The company has said it is expanding orders for urban redevelopment projects in Seoul and other major cities in the greater capital area since opening its Seoul office at the Korea Press Center in Jung-gu, Seoul, in October last year.
* This article has been translated by AI.
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