Wooam Construction Wins Seongrak Town Apartment Small-Scale Reconstruction Contract: Selected as Contractor

Wooam Construction Chosen as Contractor for Seongrak Town Apartment Small-Scale Reconstruction

Secures 82.4% Member Support, Recognized for Competitive Business Terms and Product Plans

Seongrak Town Apartment Small-Scale Reconstruction Rendering

Wooam Construction has recently secured the construction contract for the small-scale reconstruction project of Seongrak Town Apartment in Eunpyeong-gu, Seoul, further strengthening its position in the maintenance project market.

The company announced that, at the general meeting held on September 12 in Sinsa-dong, Eunpyeong-gu, Seoul, to select a contractor for the Seongrak Town Apartment small-scale reconstruction project, Wooam Construction was finally chosen as the contractor after receiving strong support from the cooperative members.

The Seongrak Town Apartment small-scale reconstruction project involves developing a residential complex on a 4,733 square meter site at 261-20 Sinsa-dong, Eunpyeong-gu, Seoul. The plan calls for three buildings ranging from four basement levels to 16 above-ground floors, comprising a total of 127 households.

Wooam Construction and Hwaseong Development both participated in this contractor selection process, competing based on business terms, specialized plans, and construction capabilities. In the final vote, Wooam Construction secured the contract with an 82.4% share of the votes.

It is interpreted that Wooam Construction was selected because it proposed business terms that reduce the financial burden on cooperative members, along with product plans aimed at enhancing residential quality.

The company's "practical premium" proposal, which focuses on significantly lowering the actual financial burden on cooperative members while maximizing the quality of residential products, appears to have been particularly appealing.

This contract award is also significant as it demonstrates Wooam Construction's rapid expansion in the maintenance project sector, following the launch of its own residential brand, "CIELSTONE."

In April of this year, Wooam Construction was chosen as the contractor for the street housing maintenance project in 817 and 826 Hwagok-dong, Gangseo-gu, Seoul. Now, approximately five months later, the company has secured its second maintenance project contract of the year with the Seongrak Town Apartment small-scale reconstruction. As the company expands maintenance project orders following the launch of the CIELSTONE brand, industry observers are recognizing Wooam Construction as an emerging powerhouse in the maintenance project market.

Wooam Construction's position in the construction capability assessment is also on the rise. In the 2026 Construction Capability Assessment, the company recorded an evaluation amount of 329.7 billion won, ranking 77th nationwide. After entering the top 100 for the first time last year at 97th place, Wooam Construction improved its position by 20 ranks again this year. The construction capability assessment is a comprehensive metric that evaluates construction performance, management status, technical skills, and reputation, serving as a key standard for assessing a construction company's project execution ability.

Alongside its growing portfolio of maintenance projects, Wooam Construction is also accelerating efforts to strengthen the brand competitiveness of CIELSTONE. Recently, the company introduced a CIELSTONE TV commercial to raise brand awareness and announced plans to continue expanding its maintenance and residential business portfolio, especially in the Seoul metropolitan area.

A Wooam Construction representative stated, "We deeply appreciate the trust and support from the cooperative members of Seongrak Town Apartment, and we will carry out the project stably to meet their expectations. Our goal is to build the best apartment complex by lowering members' contributions while enhancing residential quality."

The representative added, "We will apply differentiated designs and products to maximize the locational and future value of Seongrak Town, so that cooperative members can take pride in their residential complex. We are committed to creating a landmark apartment that will represent the region."

With this selection of the contractor, the Seongrak Town Apartment small-scale reconstruction project is expected to move into full-scale implementation. Having secured consecutive construction contracts for both the Hwagok-dong 817 and 826 street housing maintenance project and now the Seongrak Town Apartment small-scale reconstruction, Wooam Construction plans to continue expanding its maintenance project order base, led by its premium residential brand CIELSTONE.

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