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 won the construction contract for the 'Gaepo Woosung 4th Apartment Complex' reconstruction project in Gangnam-gu, Seoul.

On June 21, Samsung C&T Corporation announced that it had been selected as the contractor at the general assembly of the Gaepo Woosung 4th reconstruction association in Dogok-dong, held on June 20. The project involves rebuilding the 459-unit, 9-building complex, originally completed in 1985, to construct 1,045 apartment units and community 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 Apartment Complex is located near Maebong Station on Subway Line 3, and the area is close to Yangjaecheon Stream and the Daechi-dong private education district. With Guryong Elementary School, Daechi Middle School, and Sookmyung Girls' Middle and High Schools nearby, it is regarded as one of the most competitively located reconstruction sites in the Gangnam area.

Samsung C&T Corporation has proposed the new complex name 'Raemian Dogok Palace.' The name emphasizes that Samsung C&T Corporation, which previously built the luxury Tower Palace complex in Dogok-dong, is once again developing a high-end residential complex in the same neighborhood. The company, in collaboration with the global design firm UNStudio, will specialize the exterior design and landscaping, and has also proposed a skywalk connecting to Yangjaecheon Stream.

Samsung C&T Corporation plans to reduce the number of residential buildings from the original 10 to 6 and to adjust the site layout so that 865 out of the 1,045 units will have views of Yangjaecheon Stream, Daemosan Mountain, or Guryongsan Mountain. In addition, community facilities of approximately 15.2 square meters per unit and a ceiling height of 2.8 meters will be provided.

Following the contracts for Gaepo Woosung 7th Apartment Complex last year and Daechi Ssangyong 1st Apartment Complex recently, Samsung C&T Corporation has continued to secure Raemian brand projects in the Gaepo and Dogok area with this latest win for Gaepo Woosung 4th Apartment Complex.

Chuljin Lim, Head of the Housing Sales Division at Samsung C&T Corporation, stated, "Because this project continues the residential history and pride of Dogok that began with Tower Palace, we have mobilized all of our design, technical, and quality capabilities. We will faithfully fulfill the differentiated products and business conditions proposed to the association, and complete a new landmark that represents not only Dogok but also Gangnam."

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