Hyundai E&C Gets Ready to Take Care of Its Dream Project
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Hyundai E&C Gets Ready to Take Care of Its Dream Project
The construction company is ready to go ahead with its long-awaited project to build rows of deluxe apartment complexes, Hill state Liberty, in Gimpo, Gyeonggi Province, now that it has all the approvals and licenses finally for the “Dream Project.”

27(Tue), Mar, 2018




A bird’s eye view of the Hillstate Liberty, rows of apartment complexes to be built in Gimpo, Gyeonggi Province, on land the company secured decades ago.(Photo: Hyundai E&C)



Hyundai E&C is about to reveal a bird’s eye view of its new apartment complex, the Hill State Liberty, in the Hanshin District in Gimpo, Gyeonggi Province to potential buyers.

The apartment construction project in the Hanshin District in Gimpo City is one of the projects that the company has been pushing for a long time.

Early in the 2000s, the construction company began buying land in Hanshin-ri, Gochon in Gimpo City, including land to build residences for its employees.

But the plan did not go well and faced a number of setbacks that cropped up. The land turned out to be where seasonal birds spent a season. Also, nearby land was left out of the Gimpo City 2020 City. The economic slump that visited the area following the 2008 global financial crisis suspended the purchase of land for a number of years.

The company picked up the land purchase project again only toward the end of last year. The company set out to buy the rest of the land in the area in Hanshin District, Gimpo City.

Now the builder plans to erect 52 residential buildings, each with 21 floors and two basement floors, for a total of 3,510 apartment units. They will be divided into two complexes; 1,568 apartment units in the first complex and 1,942 apartment units in the second complex.

The sizes of the apartments will range from 68 square meters to 121 sq. meters, with those below 85 sq. meters in sizes taking up 85 percent of the new apartments.

The company will design, finance and allocate the project. A unique feature of the apartment complexes is that the parking lots will be built underground. No cars will be parked above ground in the complex in order to promote safety.

The residential structures will be reinforced with special H-core steel produced by Hyundai Steel, to make them earthquake proof. The apartments will be equipped with the H-oT, an LoT service so that the residents can use their handphones to control lights, air conditioners and heaters.

Constructed by Hyundai E&C, a corporation that pioneered residential culture in South Korea with the world’s top technical skills and know-how, Hyundai Hillstate is a high-end apartment and villa complex which got off the ground in 2009. 

The complex comprises of 928 high-end apartments in five buildings. With the concept of “residences for people”, the Developer offers clients different options of apartment size and convenient facilities.

The complex also provides people with utilities such as walkways, children’s playground, outdoor exercise area, barbecue area, etc. The combination between villa area and condominium complex and Hillstate luxury commercial center at the golden location in the Ha Dong district, which Hyundai RNC expects to create a high-class and exquisite living environment for Vietnamese in the future.

Hyundai Engineering and Construction (HDEC) is a major construction company in South Korea. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of the Hyundai Group. 

Hyundai Construction and Hyundai Engineering merged in 1999.

Hyundai E&C played a major role in the importation of Korean laborers to the Middle East to work on construction projects in the 1970s and 1980s. In the decade following 1975, Hyundai signed their first contract in the region for construction of a shipyard for the Iranian Navy near Bandar-e Abbas. Nearly 1 million Koreans went to work in Saudi Arabia and another 25,000 went to Iran; Hyundai was their largest employer. 

   
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