DL E&C named preferred bidder for first e-Pyeonhansesang project in Godeok International New Town

DL E&C announced Monday that it has been named the preferred bidder for the Pyeongtaek Godeok A-70BL public housing development project with private participation.

The project, commissioned by Korea Land and Housing Corporation (LH), is being developed at a total cost of 411.9 billion won ($273 million). DL E&C is participating as lead company of a consortium holding a 51 percent stake, alongside Gyeryong Construction, Namkwang Engineering & Construction, Jeil Construction, Godeok General Construction and ESI. The development will rise on a 60,662-square-meter site comprising 10 buildings of up to 27 above-ground floors with two below-ground levels, for a total of 1,225 units — all with an exclusive use area of 84 square meters.

Groundbreaking is scheduled for December, with completion targeted for the second half of 2029.

The win marks DL E&C's second consecutive year securing an LH public-private housing contract as consortium lead, following the Gwangmyeong Siheung S2-4BL and S2-6BL projects in 2025. Including its consortium participation in the Busan Urban Corporation's Eco Delta City 1BL and the Incheon Urban Corporation's Geomam S-2BL projects this year, the Pyeongtaek Godeok award is the company's fourth public-private housing contract win.

The Pyeongtaek Godeok A-70BL complex will carry the e-Pyeonhansesang brand — the first time the brand has been applied in Godeok International New Town — and will be supplied through a public pre-sale scheme. Centered on an approximately 24,255-square-meter central park, the development is built around a "park-connected living" concept that integrates green space into everyday life. Every unit will have a park view, and the buildings will be spaced 120 meters apart.

"Being named preferred bidder for Pyeongtaek Godeok A-70BL again demonstrates our project execution capabilities, which have been recognized in the public-private housing sector, as well as the technological strength backed by the e-Pyeonhansesang brand premium," a DL E&C official said. "We will continue to actively pursue public-private projects to reinforce our brand value and market position, and expand our stable order base."

Meanwhile, DL E&C recently received a corporate credit rating of A- (stable) for its unsecured bonds from Korea Ratings, maintaining the A- rating for six consecutive years.