iPark Hyundai Development Named Preferred Bidder for Banghwa 2 Redevelopment Project
Bitget2026/10/21 05:12- iPark Hyundai Development selected as preferred bidder for the Banghwa 2 redevelopment project on Oct. 21, 2026.
- Estimated construction value totals KRW 293.8 billion, excluding VAT.
- Plans call for 740 apartments across 10 buildings, rising up to 16 stories with three basement levels, plus ancillary facilities.
- Final contractor selection remains subject to a vote at the association’s general meeting; preferred-bidder status does not secure the construction contract.
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