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LEADING DEVELOPER Global Developer, Establishing a Prosperous Future Through Challenge and Innovation

Hyundai Development Company Sets the Standards
for Eco-friendly Urban Development. 

Suwon IPARK CITY, contributing to improving the regional value in the undeveloped district in Suwon with its unique design and vast scale

Hyundai Development Company is fully involved in all processes of the Suwon IPARK CITY project, from planning to construction, by investing all of its capabilities to create a perfect environmentally friendly city for the first time among other private-sector led projects. Suwon IPARK CITY is built on a scale of about 1,000,000 square meters. As various lifestyles are reflected in the project, Suwon IPARK CITY embraces not only residential facilities such as townhouses, multi-purpose buildings, and apartment buildings, but also themed shopping malls, complex commercial facilities, public facilities, religious facilities, and two streams and ecological park with an area of 60,000 square meters to develop a luxury urban space that can only be achieved by IPARK.

In particular, the success of Suwon IPARK CITY, contributing to improving the regional value in the undeveloped district in Suwon, with its unique design and vast scale, serves as a model for new town development projects and urban regeneration. In addition, this will play an important role in developing the national economy and revitalizing the local economy by promoting urban regeneration projects in the entire region of Suwon and increasing the asset value and income level of the whole region in the future.

Suwon IPARK CITY Project Overview

Project period : August 2009 to December 2020Designed by: Ben van Berkel (UN Studio)

ClassificationArea (㎡)Scale of Household and FacilityRatio (%)
Residential facility485,1426,594 Households48.8
Seven apartment buildings382,1006,071 Households-
Townhouse89,018271 Households-
Multi-purpose building14,024252 Households-
Commercial facility39,258-4
Complex Commercial facility12,123--
Shopping mall27,135Two neighboring themed
shopping malls
Two neighborhood living facilities
-
Urban infrastructure473,207-47.2
Park/stream/green space228,282Neighborhood Park, two streams,
children's park, small park, square,
etc.
-
School/public facility45,071Elementary school, high school,
etc.
-
Roads, etc.199,854--
Total1,995,214100
Premium Marine Resort City, Harmonizing Residential Areas
with Recreational Spaces

The Premium Marine Resort Complex brings a new-concept lifestyle as it is situated in the area adjacent to Haeundae Beach and the Yachting Center.

This multi-purpose development creates a new premium marine resort city by combining the innovative spirit of IPARK and the nature-inspired design of the international architect Daniel Libeskind under excellent conditions for the natural environment in which the Pacific can be seen at a glance. The city allows people to benefit from various facilities and attractions such as a 72-story residential building with stores, advanced IT offices, premium shopping centers, a Marina Resort Center, and a luxury hotel with 250 rooms. In addition, it creates a new-concept lifestyle that enables people to enjoy city life along with rest thanks to its proximity to Haeundae Beach and the Yachting Center.

Haeundae IPARK Project Overview

Project period: January 2008 to March 2013Design: Daniel Libeskind

Purpose of buildingArea (㎡,%)Total Floor Area (㎡,%)ScaleNotes
Multi-purpose building36,918(80.0)511,806(100)Floor area ratio 899%Completion of construction: November 2011
(Apartment building)-456,819(89.2)Tower with three buildings (66F, 72F, 46F)-
(Commercial facility)-54,987(9.8)Two buildings (B6-9F, B1-3F)-
City park4,893(20.0)--
Total46,111(100)561,024(100)
The First Private-sector Paradigm of Urban Development by HDC

A symbolic meaning, the best brand, and the epitome of Korean apartment-building brands

The Apgujeong Hyundai Apartment Complex development project is the first private sector-led project and is regarded as a milestone in the residential culture in South Korea. It consists of 7,000 households, with commercial facilities and schools around the complex. Thanks to the beneficial location and environment, this is still considered a premium residential complex in Korea, along with having a symbolic meaning, being the best brand, and being the epitome of Korean apartment-building brands. Hyundai Development Company has been achieving great performance and improving its expertise by pushing ahead with a considerable number of urban development projects since successfully completing the Apgujeong Hyundai Apartment Complex, including the Bupyeong Hyundai Apartment Complex, with 5,000 households, and Suwon IPARK CITY.

Apgujeong Hyundai Apartment Project Overview

ClassificationArea (㎡,%)Ratio (%)
Ground for apartment building257,81158.0
Department store24,4415.5
Commercial facility10,6672.4
School46,28710.4
Road10,6672.4
Park and green space66,27714.9
Others28,1846.3
Total444,334100