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FINWIRES

Xi S&D Wins KRW132.7 Billion Residential Project from Changhae Construction

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Xi S&D (KRX:317400) has secured a construction order from Changhae Construction to build new apartment buildings in Block A18 of Yeongjong Sky City, Incheon, valued at 132.7 billion won.

The project involves constructing apartment buildings with two basement levels and up to 20 above-ground floors, along with neighborhood living facilities, according to a bourse filing on Tuesday.

The contract period is 30 months from the actual start of construction, with payments made from apartment pre-sales and no upfront deposit required.

The construction period and contract amount may be adjusted during the building permit approval and construction process.

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