Samsung C&T won the construction rights for the Hannam 4 District, confirming the construction companies for three zones of the Hannam New Town. High-end brands such as 'Raemian', 'The H', and 'Summit' will adorn the Hannam area. The market's focus now shifts to the last remaining maintenance zone, 'Hannam 5 District', where attention is on whether DL E&C will be awarded the project.
According to the construction industry on the 20th, the Hannam 5 Reorganization Promotion District housing redevelopment project association plans to finalize the selection of a construction company within the first half of this year. After holding a general meeting on February 15 to elect a new association chairperson and executive members, they will proceed as quickly as possible with the construction company selection process. Currently, DL E&C is likely to be selected as the construction company, as both the first and second rounds of bidding last year ended in a single bid by DL E&C.
However, within the association, there are concerns about the certainty of negotiating a contract with DL E&C. Among the candidates for the next chairperson, there are voices advocating for competitive bidding. In the recent selection process for the construction company of Hannam 4 District, Samsung C&T and Hyundai E&C competed, which provided significant benefits to the members, thus urging the need for competitive bidding. On the other hand, there are also numerous opinions suggesting that negotiating a contract with DL E&C would be better for advancing the project quickly.
A representative from the Hannam 5 District redevelopment association said, "The selection of the construction company will depend on who becomes the chairperson, and among the more than 1,500 members, some want competition while others prioritize the speed of the project."
In the construction industry, the Hannam 5 District association is viewed as more likely to enter into a contract with DL E&C. Samsung C&T, which secured the construction rights for Hannam 4 District (Raemian Glow Hills Hannam), has decided not to participate in the Hannam 5 District redevelopment project. Daewoo E&C, the construction company for Hannam 2 District (Hannam Summit), holds the same position. Although Hyundai E&C failed to obtain the construction rights for Hannam 4 District, it is withholding comments since it will be building Hannam 3 District (The H Hannam).
A representative from DL E&C noted, "We always have an interest in major business sites, and Hannam 5 District is one we have been diligent about, thus it is also among our key interests."
A representative from a large construction company mentioned, "Currently, all the large construction companies capable of undertaking major maintenance projects have set their flags in Hannam New Town," and added, "Given the poor economic conditions, there is a high likelihood that they will avoid cutthroat competition in Hannam 5 District."
The Hannam 5 District redevelopment involves constructing a building with six underground floors and 23 above-ground floors, consisting of 2,592 units and one sales and business facility. The total construction cost is 1.7583 trillion won, which is larger than that of Hannam 4 District. The Hannam 5 District can be regarded as the flagship zone of Hannam New Town, as it has the largest area adjacent to the Han River and is mostly flat, unlike other districts. Nearby are Seobinggo Elementary School, Han River Middle School, Osan Middle School, and Osan High School.