Samsung C&T, POSCO E&C Selected as Contractors for Banpo, Isu Apartment Remodeling Projects

Banpo Prugio remodeling project worth 125 billion won... Samsung C&T to apply "Next Remodeling" for the first time
POSCO E&C wins Isu Sindonga Complex 4 project... Expanding from 912 to 1,048 units

Samsung C&T’s Construction Group has secured the contract to remodel Banpo Prugio Apartments in Seocho-gu, Seoul. POSCO E&C also won the remodeling project for Isu Sindonga Complex 4 in Dongjak-gu, Seoul, marking a series of remodeling project wins in major parts of the city.

Perspective rendering of the remodeling of Isu Sindonga Complex 4 in Dongjak-gu, Seoul. POSCO E&C

According to the construction industry on October 24, Samsung C&T was selected as the contractor at a general meeting of Banpo Prugio remodeling association members held that day, winning the support of 159 of the 168 members who voted (94.6%). The project proceeded as a negotiated contract after Samsung C&T submitted the sole bid, with construction costs estimated at about 125 billion won.

Completed in 2000, Banpo Prugio consists of three buildings and 237 residential units. Samsung C&T plans to apply its new remodeling approach, “Next Remodeling,” to the complex for the first time. The approach will retain the existing building’s underground and aboveground structures while updating interior and exterior finishes in individual units and shared areas and replacing facilities such as the complex’s equipment.

POSCO E&C received 504 votes in favor at the association members’ general meeting that day and was selected as the contractor for the remodeling of Isu Sindonga Complex 4. Of the 544 votes cast, 92.6% were in favor. This project, too, was awarded through a negotiated contract after POSCO E&C submitted the sole bid, with a project cost of 526.4 billion won.

Located in the area around Dongjak-daero 29-gil in Dongjak-gu, Isu Sindonga Complex 4 currently consists of eight buildings and 912 residential units. After remodeling, it is expected to expand to eight buildings with 1,048 units, rising six basement levels and 21 floors above ground. POSCO E&C proposed “The Sharp Isu Station Elplatz” as the complex’s name.

The plans include a fitness club, library, private study rooms, golf practice range, botanical garden cafe, and kids’ cafe. Drawing on its experience carrying out remodeling projects, POSCO E&C plans to improve the residential environment.

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