Samsung C&T Wins 2.2 Trillion Won Contract to Rebuild Yeouido Sibeom Apartments

Artist's rendering of Raemian Sonelli. (Source: Samsung C&T)

Samsung C&T has been finally selected as the construction contractor for the reconstruction of the Sibeom Apartment Complex in Yeouido-dong, Yeongdeungpo-gu, Seoul, with construction costs of 2.2 trillion won.

According to Samsung C&T on October 19, Korea Asset In Trust, the project operator, passed a motion on October 16 at a general meeting of all landowners to finally select Samsung C&T as the construction contractor.

The project will create 2,480 apartment units and auxiliary facilities on a site around 50 Yeouido-dong, with six basement levels and up to 59 floors above ground. Construction costs are estimated at approximately 2.2685 trillion won.

Yeouido Sibeom Apartment Complex was completed in 1971. It is considered to have set a new standard for high-rise apartment buildings in Korea by introducing innovative residential features for its time, including elevators, central heating, and sit-down kitchens.

Samsung C&T proposed "RAEMIAN SonelY" as the name for the new complex, combining "Standard," meaning a benchmark, with "One&Only," meaning unparalleled and unique.

Dutch global architecture firm OMA, which designed the Seattle Central Library in the United States, the China Central Television (CCTV) headquarters in Beijing, China, and the Leeum Museum of Art in Korea, will take part in designing the exterior and skyline.

To enhance the value of its location along the Han River, the plan reduces the existing 21 buildings in a simple grid layout to 18 and repositions them to face the river directly, increasing the number of units with Han River views from 1,616 in the original plan to 2,032.

A sky bridge and community facilities where residents can relax while looking out over the Han River are planned for the 41st floor of the landmark tower.

Im Cheoljin, head of Samsung C&T's Housing Sales Division, said, "Yeouido Sibeom Apartment Complex is a landmark complex that heralded the beginning of apartment living culture in Korea. We will bring together all of Samsung C&T's capabilities to create a new standard for future housing and an iconic residential masterpiece representing Yeouido."

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