IPARK Hyundai Development Company Selected as Contractor for 900 Billion Won Jangam 2 District Redevelopment in Uijeongbu [Real Estate AtoZ]

Up to 40 Stories, 13 Buildings, 2,344 Units
Secured 1.4854 Trillion Won in Redevelopment Projects
"We Will Continue With Gwangmyeong, Mok-dong, Goyang, and Beyond"

IPARK Hyundai Development Company announced on the 31st that it has been selected as the contractor for the redevelopment and maintenance project in Jangam 2 District, Uijeongbu-si, Gyeonggi Province.

On the 29th, at the contractor selection meeting for the Jangam 2 District redevelopment and maintenance project, held at the Island Castle Hotel in Uijeongbu-si, IPARK Hyundai Development Company received 451 approval votes (84%) from among 538 cooperative members present.

The Jangam 2 District redevelopment and maintenance project aims to build thirteen apartment buildings ranging from three basement levels to a maximum of 40 above-ground floors in the Singok-dong area, Uijeongbu-si. The project will offer a total of 2,344 apartment units with exclusive areas from 39 to 140 square meters, as well as various amenity and welfare facilities. The construction cost amounts to 900.2 billion won, with a site area of 96,937 square meters and a total floor area of 414,468 square meters.

Perspective rendering of the redevelopment and maintenance project in Jangam2 District, Uijeongbu-si, Gyeonggi Province. IPARK Hyundai Engineering & Construction

IPARK Hyundai Development Company proposed a large-scale skybridge, specialized entrance structures and landscaping, and residential solutions incorporating artificial intelligence (AI) in order to build a new area landmark. Additionally, the plan includes a sky community that offers views of Suraksan Mountain and Jungnangcheon Stream; a four-lane swimming pool; one elevator per household; and in-unit food waste transfer systems, all designed to meet high-end residential standards.

Nearby the development are Balkok Station on the Uijeongbu Light Rail and Uijeongbu Station on Subway Line 1, for which the GTX-C (Great Train Express) line is planned. Educational institutions in the vicinity include Gyeongui Elementary School, Cheongryong Elementary School, Uijeongbu Elementary School, Sindong Elementary School, Balkok Middle School, Singok Middle School, and Balkok High School. Jungnangcheon Stream flows in front of the complex, which is also close to Balkok Neighborhood Park and Chudong Neighborhood Park. Residents will have access to the main commercial area, including Uijeongbu Shinsegae Department Store and Rodeo Street.

A representative from IPARK Hyundai Development Company said, "We will make this a landmark for the Uijeongbu area and repay the cooperative members' trust," adding, "By selectively winning projects where IPARK Hyundai Development Company can truly demonstrate a competitive edge, we aim to further strengthen our urban redevelopment business capabilities."

Meanwhile, starting last month with a 585.2 billion won order for the Seongnam Taepyeong 3 District public redevelopment and maintenance project, IPARK Hyundai Development Company has won a total of 1.4854 trillion won in urban redevelopment projects.

IPARK Hyundai Development Company plans to continue its winning streak by pursuing further projects such as the reconstruction of Gwangmyeong Haan Jugong Complexes 6 and 7, reconstruction of Mokdong Complex 11, redevelopment of Goyang Neunggok District 3, redevelopment of Banghwa District 2, and long-term lease urban redevelopment at the Sookdaeipgu Station area. The company will also focus on key sites in major Seoul districts such as Nowon and Yongsan.

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