[Themed Stocks] Dayu Construction signs the official contract for the redevelopment of Chengnan New District Area 3… 1.27 trillion yuan in orders drive the stock price to trade strongly sideways

Daewoo Construction ends trading in a strong sideways move after news that it has signed the official contract for the Urban Regeneration Project in Seongnam’s New Emerging District 3.

According to the Korea Exchange, Daewoo Construction closed at 28,600 won per share, up 100 won (0.35%) from the previous day.

Daewoo Construction’s filing states that it has signed an exclusive sales and supply contract for the “New Emerging 3 District Public Participation Redevelopment Project” with the Korea Land & Housing Corporation. The contract amount is 1.2686 trillion won (excluding VAT).

The project is to build an apartment complex and related living facilities in the area around Lot 2890, Sinheung-dong, Sujeong-gu, Seongnam, Gyeonggi-do, consisting of 5 underground floors and 35 above-ground floors, 24 buildings in total, with a scale of 3,584 units. The contract period is 54 months from the start of demolition work, and payments will be made based on the progress of the work within sales revenue using completion payments.

The scale of this contract is equivalent to 15.75% of Daewoo Construction’s consolidated sales benchmark for the end of 2025. The market views the signing of this large-scale urban renewal project as a reflection of its order backlog and expectations regarding future sales.

Previously, Daewoo Construction was selected in November 2025 as the construction company for the New Emerging 3 District Public Participation Redevelopment and Improvement Project. Subsequently, at the all landowners meeting in December of the same year, the selected proposal for the construction company was approved, and the signing of this contract further advances the project.

New Emerging 3 District is located near Sinheung Station on Subway Line 8 and is considered a prime location with convenient transportation access to Gangnam, Banqiao, and Uijeongbu. The Korea Land & Housing Corporation was designated as the project implementer in February 2024; after two rounds of bids for the construction company failed, Daewoo Construction was ultimately selected.

With the signing of this contract, Daewoo Construction’s cumulative order amount for its 2025 urban renewal projects reaches 3.7727 trillion won.

Source: Korea Exchange, Financial Supervisory Service Electronic Disclosure System