Dogok's 'Gaepo Woosung 4th Complex' Reconstruction Secured by Samsung C&T [Real Estate AtoZ]

The Existing 459-Unit Complex to Be Rebuilt into 1,045 Units
Construction Cost of KRW 814.5 Billion... Proposal for 'Raemian Dogok Palace'

Samsung C&T Corporation has secured the construction contract for the reconstruction project of 'Gaepo Woosung 4th Complex' in Gangnam-gu, Seoul.

On June 21, Samsung C&T Corporation announced that it had been selected as the contractor at the general meeting of the Gaepo Woosung 4th Reconstruction Association held in Dogok-dong on June 20. The project involves reconstructing the nine-building complex with 459 households, built in 1985, into 1,045 apartment units and auxiliary welfare facilities. The total construction cost amounts to KRW 814.5 billion.

Aerial view of 'Raemian Dogok Palace' in Gangnam-gu, Seoul. Samsung C&T Corporation

Gaepo Woosung 4th Complex is located near Maebong Station on Subway Line 3, and is close to Yangjaecheon Stream and the Daechi-dong private education district. Schools such as Guryong Elementary School, Daechi Middle School, and Sookmyung Girls' Middle and High Schools are also nearby, making it one of the most competitive sites among reconstruction complexes in the Gangnam area.

Samsung C&T Corporation has proposed 'Raemian Dogok Palace' as the new complex name, highlighting that Samsung C&T Corporation, which built the premium Tower Palace complex in Dogok-dong, is once again developing a luxury residential project in the same area. The company plans to collaborate with global design firm UNStudio to specialize in exterior design and landscaping, and has also proposed an elevated pedestrian walkway connecting to Yangjaecheon Stream.

Samsung C&T Corporation plans to reduce the original 10 residential buildings in the association's plan to six, and to adjust the layout so that 865 out of 1,045 units will have views of Yangjaecheon Stream, Daemosan Mountain, and Guryongsan Mountain. Community facilities of approximately 15.2 square meters per household and 2.8-meter-high ceilings will also be applied.

By winning contracts for Gaepo Woosung 7th Complex last year, Daechi Ssangyong 1st Complex recently, and now Gaepo Woosung 4th Complex, Samsung C&T Corporation has continued to secure Raemian-branded projects in the Gaepo and Dogok areas' reconstruction market.

Cheoljin Lim, Head of Residential Business at Samsung C&T Corporation, stated, "This project continues the residential history and pride of Dogok, which began with Tower Palace, so we have mobilized all of Samsung C&T Corporation's design, engineering, and quality capabilities. We will faithfully implement the differentiated products and business conditions proposed to the association to create a new landmark that represents not just Dogok but all of Gangnam."

This content was produced with the assistance of AI translation services.