A major redevelopment of an aging apartment complex in western Seoul has taken a decisive step forward, with a contractor now confirmed for the Mokdong Complex 10 project in Yangcheon-gu.
The scheme carries a construction cost of ₩2.6 trillion (US$1.95 billion) and is designed to nearly double the number of households at the site.
The decision was finalised at a general meeting held on 18 October, and the selection was announced the following day.
Hyundai Engineering and Construction (Hyundai E&C), based in South Korea, was confirmed as the builder, marking its first redevelopment project in Mokdong New Town.
Of the 1,624 people who took part in the contractor selection process, 95.9 per cent voted in favour of appointing the company.
Six firms attended an initial site briefing, including POSCO E&C and Daewoo Engineering & Construction, but only Hyundai E&C submitted a bid.
After two unsuccessful bidding rounds, the company secured preferred negotiator status before being formally chosen at the plenary meeting.
The redevelopment will replace the existing 2,160-unit apartment complex at 311 Sinjeong-dong with new residential buildings rising up to 40 storeys.
In total, the new development will provide 4,248 homes alongside additional welfare facilities and community spaces.
Korea Land Trust has been appointed as the project implementer and will oversee delivery of the scheme. Once complete, the number of households at the site is set to nearly double.
The development will bring a new residential identity to the district.
It will introduce THE H, Hyundai E&C’s high-end residential brand, to Mokdong for the first time.
The proposed name for the community is THE H Mokdong Eser.
The word Eser represents the number ten in Hebrew, a nod to the complex’s numeric designation and to Mokdong’s reputation as an area focused on education.
Education sits at the centre of the design concept, which has been titled All Life Campus.
According to the company, the concept emphasises integrating educational spaces into the daily lives of residents of all ages, rather than limiting learning environments to traditional school settings.
The approach is intended to shape how shared areas, pathways and community facilities are arranged across the site.
Two internationally recognised design firms have been brought on board to deliver that vision.
Morphosis will oversee the architectural design of the residential buildings.
Sasaki, known for its work on global university campuses, will handle landscaping and community spaces, drawing on its experience creating environments built around learning and social interaction.
The award also carries commercial significance for the contractor.
With this contract, Hyundai E&C’s cumulative urban renewal orders for the year have reached ₩12.73 trillion, surpassing its annual target of ₩12 trillion.
The result reflects a strong run in the redevelopment sector, where the company has secured several large commissions.
Among the other notable projects it has won is the redevelopment of Apgujeong District 3, awarded in May 2026 for ₩5.561 trillion.
Beyond the domestic housing market, the firm was also awarded a ₩4.39 trillion (US$3.16 billion) contract in September 2025 to build a seawater treatment facility in Iraq, underlining its presence in large-scale infrastructure overseas.
For Mokdong, the next phase will involve moving the project from contractor selection into detailed planning and design development.
With the builder, implementer and design teams now in place, attention turns to translating the All Life Campus concept into a working plan for a neighbourhood that is expected to see a significant increase in housing supply once construction is complete.
