Hyundai Engineering & Construction Consortium wins reconstruction project in Yeonsan District 5 in Busan
Mar 24, 2025
The Hyundai E&C and Lotte E&C consortium (hereinafter referred to as the Hyundai E&C consortium) was selected as the contractor at the Busan Yeonsan District 5 Reconstruction Project General Assembly held on the 23rd.
The reconstruction project of Yeonsan District 5 in Busan is being promoted for 208,936.60㎡ in 2220 Yeonsan-dong, Yeonje-gu, Busan. Through the redevelopment, a total of 2,803 apartments and auxiliary welfare facilities will be built, with 4 basement floors to 45 floors above ground, and 14 buildings. The total construction cost is KRW 1.4447 trillion, with Hyundai Engineering & Construction accounting for 53 percent and Lotte Engineering & Construction 47 percent.
The Hyundai E&C consortium proposed the reconstruction project of Yeonsan District 5 in Busan as the name of the complex 'Hillstate Lotte Castle Centum Sky'. It contains the will to provide a new skyline in Busan by completing the highest natural view complex that exceeds the value of Centum, a symbol of a high-tech future city. To this end, he joined hands with SMDP, a world-renowned architect, to propose a landmark design.
The complex drastically improved the view of Suyeonggang, Jangsan, and Baesan through a tower-oriented layout plan, and allowed all members to view the sea, river, and mountain. In addition, it plans to provide an optimal viewing premium for all generations by applying various view-specific planes such as three-sided open specialization, pocket terrace, and penthouse.
The Sky Community, which will be built on the highest floor of the 45th floor, will be a landmark representing an area where the open beautiful scenery and the iconic scenery of the complex are combined. In particular, Sky Bridge plans to provide a differentiated lifestyle to residents as a high-end community using Sky Bridge, such as creating a sky lounge and a rooftop lounge.
Meanwhile, Hyundai Engineering & Construction won 6.61 trillion won in urban renovation projects in 2024, ranking first in orders for the sixth consecutive year. This year, it plans to continue its position as a leading company in the housing market, focusing on key business areas such as Gaepo Jugong Complex 6 and 7, Apgujeong District 2, and Seongsu District 1.
In particular, Hyundai Engineering & Construction is a construction company that constructed 'Apgujeong Hyundai Apartment' in 1975, 50 years ago, and applied for the trademark of 'Apgujeong Hyundai' for the reconstruction of Apgujeong. Following the formation of the TF team in December 2023, it has recently expanded and reorganized it into 'Apgujeong Reconstruction Sales Team' and continues to take active steps to gain an edge in the order competition based on brand awareness.
In addition, Seongsu District 1 is also strengthening customized strategies for each business site, such as forming a separate dedicated organization.
The reconstruction project of Yeonsan District 5 in Busan is being promoted for 208,936.60㎡ in 2220 Yeonsan-dong, Yeonje-gu, Busan. Through the redevelopment, a total of 2,803 apartments and auxiliary welfare facilities will be built, with 4 basement floors to 45 floors above ground, and 14 buildings. The total construction cost is KRW 1.4447 trillion, with Hyundai Engineering & Construction accounting for 53 percent and Lotte Engineering & Construction 47 percent.
The Hyundai E&C consortium proposed the reconstruction project of Yeonsan District 5 in Busan as the name of the complex 'Hillstate Lotte Castle Centum Sky'. It contains the will to provide a new skyline in Busan by completing the highest natural view complex that exceeds the value of Centum, a symbol of a high-tech future city. To this end, he joined hands with SMDP, a world-renowned architect, to propose a landmark design.
The complex drastically improved the view of Suyeonggang, Jangsan, and Baesan through a tower-oriented layout plan, and allowed all members to view the sea, river, and mountain. In addition, it plans to provide an optimal viewing premium for all generations by applying various view-specific planes such as three-sided open specialization, pocket terrace, and penthouse.
The Sky Community, which will be built on the highest floor of the 45th floor, will be a landmark representing an area where the open beautiful scenery and the iconic scenery of the complex are combined. In particular, Sky Bridge plans to provide a differentiated lifestyle to residents as a high-end community using Sky Bridge, such as creating a sky lounge and a rooftop lounge.
Meanwhile, Hyundai Engineering & Construction won 6.61 trillion won in urban renovation projects in 2024, ranking first in orders for the sixth consecutive year. This year, it plans to continue its position as a leading company in the housing market, focusing on key business areas such as Gaepo Jugong Complex 6 and 7, Apgujeong District 2, and Seongsu District 1.
In particular, Hyundai Engineering & Construction is a construction company that constructed 'Apgujeong Hyundai Apartment' in 1975, 50 years ago, and applied for the trademark of 'Apgujeong Hyundai' for the reconstruction of Apgujeong. Following the formation of the TF team in December 2023, it has recently expanded and reorganized it into 'Apgujeong Reconstruction Sales Team' and continues to take active steps to gain an edge in the order competition based on brand awareness.
In addition, Seongsu District 1 is also strengthening customized strategies for each business site, such as forming a separate dedicated organization.
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This article was translated by Naver AI translator.
