Yongin Suji Samsung 2nd Reconstruction: SK ecoplant Wins KRW 200 Billion Project
SK ecoplant has secured the construction rights for the Suji Samsung 2nd Apartment reconstruction project in Yongin, Gyeonggi Province. The site is located at 692-1 Pungdeokcheon-dong, Suji-gu, and the contract is valued at about KRW 200 billion. The deal reflects steady demand for aging apartment renewal in preferred southern Seoul metropolitan residential
SK ecoplant has won the reconstruction contract for Suji Samsung 2nd Apartment in Pungdeokcheon-dong, Suji-gu, Yongin, Gyeonggi Province. The project is valued at about KRW 200 billion, making it a notable mid-sized urban renewal deal in the southern Seoul metropolitan housing market.
Aging Housing in Suji
The project site is at 692-1 Pungdeokcheon-dong, Suji-gu. Suji is a mature residential district with access to Bundang, Pangyo and Gwanggyo employment hubs. As older apartments face growing pressure over parking, utilities, insulation and community facilities, reconstruction has become a way to reset residential quality rather than simply replace buildings.
Market Signal
The KRW 200 billion contract comes as Korean reconstruction projects face higher material costs, labor costs and financing burdens. Builders are increasingly selective, weighing location, permit risk, sales prospects and cost recovery. For residents and nearby complexes, the Suji Samsung 2nd project may strengthen expectations for additional renewal in the area. Key variables ahead include construction cost negotiations, approvals, relocation schedules and the future presale market.
Key points
- SK ecoplant has secured the construction rights for the Suji Samsung 2nd Apartment reconstruction project in Yongin, Gyeonggi Province. The site is located at 692-1 Pungdeokcheon-dong, Suji-gu, and the contract is valued at about KRW 200 billion. The deal reflects steady demand for aging apartment renewal in preferred southern Seoul metropolitan residential
- Use the body and FAQ context before acting on this update.
- Compare with related issues inside the category hub.
FAQ
Where is the Suji Samsung 2nd reconstruction project located?
It is located around 692-1 Pungdeokcheon-dong, Suji-gu, Yongin, Gyeonggi Province.
How large is the SK ecoplant contract?
The reconstruction contract is valued at about KRW 200 billion.
Why does this project matter?
It signals continued reconstruction demand in Suji, a preferred residential area in the southern Seoul metropolitan region.
Latest stories
Gangnam Reconstruction Enters Era of 1 Billion Won Contributions
Gangnam reconstruction is no longer a guaranteed wealth engine. Rising construction and financing costs can push additional member contributions toward 1 billion won. Investors must examine project feasibility, payment capacity and presale revenue before relying on location alone.
Ultra-Luxury Rent-to-Own Apartments Face a Regulatory Test in Gangnam and Yeouido
Luxury private rental apartments in Gangnam and Yeouido are moving into the sales conversion phase. Tenants who planned to buy after renting must now calculate loan limits, acquisition taxes, holding taxes and conversion prices together. The outcome may affect nearby new-build prices and demand for premium rental products in Seoul.
Public-Supported Private Rental Deposit Hike Sparks Backlash After Just One Year
A public-supported private rental apartment is facing controversy after a deposit increase emerged just one year after occupancy. Residents say the move conflicts with the promise of up to 10 years of stable residence. Daebang Construction’s handling of rental terms has become a key issue. The case is expected to renew scrutiny of tenant protection and trans
Seoul Station Apartments Gain Value as a Base for Nationwide Commuting
Apartments near Seoul Station are being revalued as homes that support commuting beyond the Seoul metro area. A pharmacist in his 40s travels daily from Seoul to Iksan while keeping his family’s life base in the capital. The case shows how rail access, transfer efficiency and predictable travel time now shape housing demand.
Prism Investment Advisory and Wolcheon Jaetech Sign Integrated Finance-Real Estate Consulting MOU
Prism Investment Advisory and Wolcheon Jaetech have agreed to strengthen integrated finance-real estate consulting. The partnership combines Prism’s long-term asset allocation approach with Wolcheon Jaetech’s real estate and wealth-content capabilities. Demand is rising for advice that reviews financial assets, housing, debt, taxes and cash flow together.
Eunma Apartment rebuild nears approval for 49-floor Daechi landmark
The Eunma Apartment reconstruction in Daechi-dong, Gangnam, is gaining speed as it nears project implementation approval. The plan for towers up to 49 floors could reshape the area’s skyline and new-home supply expectations. Education demand, reconstruction rules, costs and member contributions remain key variables.
Seoul Prepares Rent, Lending and Tax Data for Presidential Talks as Lease Costs Surge
Seoul is preparing to put rising jeonse, monthly rent and lending limits on the presidential agenda before next month’s tax reform. The package covers lease contracts by district, lending effects, possible tax pass-through and supply schedules. The core issue is whether tax, finance and supply policy can be coordinated before tenant costs rise further.
Seoul Starts The Dream House+ With 905 Public Homes for Youth and Students
The Dream House+, Seoul’s integrated youth housing policy brand, is moving into its first supply phase. A total of 905 public rental homes will be offered to young people and university students. The program turns the youth housing agenda announced in March into actual tenant recruitment. It is expected to help reduce rent pressure in Seoul’s high-cost renta