IPARK Hyundai E&C Wins Busan Yeonsan 13 District Project Worth 281.2 Billion Won

Achieving a Total of 1.77 Trillion Won in Project Wins This Year

Busan Yeonsan 13 District Residential Redevelopment Project Rendering (Photo by IPARK Hyundai Development Company)

IPARK Hyundai Engineering & Construction has secured the contract for the Busan Yeonsan 13 District residential redevelopment project, valued at 281.2 billion won.

The company announced on October 6 that it obtained the construction contract after receiving 208 out of a total of 249 votes from association members at the contractor selection general meeting held on October 3.

This project involves the development of a residential complex in the Yeonsan-dong area of Yeonje-gu, Busan, featuring apartment buildings with three basement floors and up to 34 floors above ground, as well as ancillary welfare facilities and neighborhood living facilities.

The project site boasts excellent transportation access, being within walking distance of City Hall Station on Busan Metro Line 1 and Mulmangol Station on Line 3. In addition, it is situated near Yeonsan Elementary School, Yeonje Middle School, and Yeonje High School, providing strong educational infrastructure, along with commercial amenities such as E-Mart.

IPARK Hyundai E&C plans to develop a large central plaza spanning approximately 5,001 square meters, with six themed gardens and a circular walking path linked to the plaza. At the top floor—the 34th floor—the company plans to create a sky community that offers panoramic views of Hwangnyeongsan Mountain, Baesan Mountain, and the cityscape.

All units will be arranged to face south and will feature a specialized 4-bay plate-shaped design to maximize natural lighting and ventilation.

A representative of IPARK Hyundai E&C stated, "We aim to secure the adjacent Yeonsan 16 District project as well, creating a premium complex with over 1,200 households. Through our expertise and high product value, we will establish Yeonsan 13 District as a landmark representative of Yeonje-gu."

With this contract, IPARK Hyundai E&C’s total project wins in redevelopment this year have reached 1.7666 trillion won.

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