Shindonga Construction Wins Daejeon Jayang District 2 Redevelopment Project Worth "320 Billion Won"
New orders surpass 1 trillion won this year
Shindonga Construction has surpassed 1 trillion won in new orders this year after securing the construction contract for the Jayang District 2 redevelopment project in Daejeon.
Rendering of the Jayang 2 District redevelopment project near 209 Jayang-dong, Dong-gu, Daejeon. Shindonga Construction.
View original imageShindonga Construction said on October 19 that it had been selected as the contractor at a general meeting of members of the Jayang District 2 Redevelopment Project association. The project involves building 1,004 apartment units in 10 buildings, along with ancillary and community facilities, on a site at 209 Jayang-dong, Dong-gu, Daejeon. The total construction cost is approximately 320 billion won.
Shindonga Construction is moving to expand its orders this year, focusing on small-scale redevelopment projects and urban redevelopment and reconstruction projects. Starting with a street housing redevelopment project in Bisan-dong, Anyang, Gyeonggi Province, in June, valued at 50.3 billion won, it went on to win a street housing redevelopment project in Pungnap-dong, Songpa-gu, Seoul, valued at 54 billion won. It recently secured a 250 billion won street housing redevelopment project in Beomcheon District 1 in Busan, and with the Jayang District 2 redevelopment project, it has won orders worth approximately 670 billion won in the redevelopment and maintenance sector this year.
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In particular, including its purchase this month of a site for an apartment project in Jinjeop, Namyangju, the company is strengthening its business portfolio around two pillars: redevelopment and maintenance projects, and its own development projects. A company representative said, "We will repay the trust and support of the association members through our accumulated construction experience and rigorous quality control," adding, "We will selectively participate in promising projects in Seoul and the greater metropolitan area, as well as major cities across the country, to expand our stable order base."
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