Community facility of 3,746 square meters and landscaped space of 2,640 square meters planned

A rendering of Raemian Y'nity. [Provided by Samsung C&T]
A rendering of Raemian Y'nity. [Provided by Samsung C&T]

Samsung C&T's construction division has won the contract to rebuild the Mokhwa apartment complex in Yeouido, Yeongdeungpo-gu, Seoul, in a project valued at about 512.2 billion won ($383 million).

Samsung C&T announced Sunday that it had been selected as the contractor for the Yeouido Mokhwa apartment reconstruction project. The reconstruction association held a general meeting Saturday and passed a resolution naming Samsung C&T as the contractor.

The project will redevelop a site at 30 Yeouido-dong, Yeongdeungpo-gu, Seoul, into a complex of three buildings with 49 above-ground floors and seven below-ground floors, comprising 420 units and ancillary facilities. The construction cost stands at about 512.2 billion won.

Samsung C&T has proposed naming the new complex "Raemian Y'nity," combining "Y" for Yeouido, "Dignity" to evoke prestige, and "Infinity" to suggest limitless value.

All 420 units are designed to offer Han River views. Individual units will feature two- or three-sided open floor plans as well as panoramic layouts.

The community facility will span 3,746 square meters and include a lounge and a riverside terrace overlooking the Han River. A residents-only landscaped area of about 2,640 square meters, connected to Han River Park, will also be created using the podium rooftop and pilotis spaces on each building.

"The Yeouido Mokhwa site is a rare development that captures the value of both the Han River and Yeouido," a Samsung C&T official said. "We will bring together our differentiated design capabilities and supertall-building technology to create a residential masterpiece that grows more brilliant with time."

Meanwhile, Samsung C&T first entered Yeouido's redevelopment market last year when it won the contract for the Daegyo apartment reconstruction project. Securing the Mokhwa contract further expands the Raemian brand's footprint in the area. The company is also pursuing the Shibum apartment project — Yeouido's largest reconstruction site — having been the sole bidder in last month's contractor selection tender.


quq@heraldcorp.com