Samsung C&T's construction division (hereafter Samsung C&T) said on the 31st that it was selected as the preferred negotiating party for the remodeling project of Banpo Prugio in Seocho District, Seoul. Completed in 2000, the complex sits in the area around Sinbanpo Station on the Seoul subway and consists of three buildings with 237 households. Samsung C&T proposed its Next Remodeling method for the complex in Aug. last year, and with the preferred negotiating party designation, the site is likely to become the first application.
Next Remodeling is a method that leaves the existing underground and aboveground structures as they are while upgrading finishes inside and outside the units and common areas, as well as systems and other facilities. A smart home environment, including Samsung C&T's residential platform "Homeniq," and Next Home technology will also be applied.
Compared with reconstruction, redevelopment, and extension-type remodeling, this method offers the advantage of a shorter project period, including permits and construction time, and greater project stability. It also allows the application of customized products to realize the premium residences desired by association members. When the project is completed, there is also the advantage that the completion date is newly updated.
For the complex's remodeling, Samsung C&T plans to propose floor plans that enhance space utilization, interiors with high-end details, advanced security systems, and a parking environment incorporating future technologies.
Kim Sang-guk, head of residential development at Samsung C&T (vice president), said, "With our participation in this project, we have confirmed market interest in Next Remodeling and its commercialization potential," adding, "We will work to ensure that Next Remodeling expands the options for regenerating aging urban residences and contributes as one pillar of new dwellings supply."