InPark Vista Dongwon, Private Park Development Special Project Non-Park Facility Apartment Construction
A housing construction project plan change (third) approval notice - in the area of 1-9, Gamjeon-dong, Sasang-gu
The 'Sasang Park Private Park Development Special Project Non-Park Facility Apartment Construction' underway in Gamjeon-dong, Sasang-gu, Busan, has officially begun. This project is led by Daehan Land Trust, with Dongwon Development undertaking the construction to supply an apartment called 'InPark Vista Dongwon' (tentative name).
According to the approved change notice for the housing construction project plan (third), this project is set to cover an area of 47,839㎡ and has a total floor area of 139,161.4243㎡, consisting of 10 buildings with 840 residential units from 5 underground floors to 25 above-ground floors. There have been slight adjustments to the original plan, however, the construction schedule has changed, and work has already commenced and is proceeding normally.
This project is expected to significantly contribute to improving the local residential environment.
Comfortable Living Environment Linked to Sasang Park and Comprehensive Transportation Network
This project is being carried out as a private park development special project, and its main feature is the establishment of a large green space linked to Sasang Park.
Sasang Neighborhood Park already has an adventure playground, Sasang Garden, and a forest adventure playground, allowing residents to conveniently use these facilities as if they were in their own backyard.
Gamjeon Station on Line 2 of the urban subway is located 730m away on foot, providing excellent transportation accessibility. In addition, both Sasang Station on the Gyeongbu Line and Sasang Station on the Busan-Gimhae Light Rail are within 700m, making mobility convenient.
In particular, Sasang Station on the Gyeongbu Line was recently newly constructed and is expected to develop into an important transit area where four railway lines intersect, along with the Busan-Masan Line set to open by the end of 2025. The expansion of this transportation infrastructure is anticipated to significantly contribute to local development.
Dongwon Development's Major Contract for Secured Project Stability
Dongwon Development signed a contract for the 'Sasang Park Private Park Development Special Project Apartment and Auxiliary Welfare Facility Construction' in February 2024.
The total amount of this contract is 249.21 billion won, which corresponds to about 41.40% of Dongwon Development's annual revenue.
The scheduled construction period is from August 1, 2024, to April 30, 2028. This project is expected to be significant for Dongwon Development.
This project is subject to an environmental impact assessment conducted by Busan Metropolitan City and Sasang Park Holdings Co., Ltd.
Construction for the non-park facility portion of the Sasang Park Private Park Development Special Project commenced on August 1, 2023.
The housing construction project is expected to play an important role in expanding housing supply and improving residential environments in Sasang-gu.
Notice No. 2025-20, Sasang-gu, Busan Metropolitan City
Housing construction project plan change (third) approval notice
1. Approval is granted for the change of the housing construction project plan in the area of 1-9, Gamjeon-dong, Sasang-gu, Busan, in accordance with Article 15 of the Housing Act, and is hereby announced as follows in accordance with Article 15, paragraph 6 of the same Act and Article 30, paragraph 5 of the Enforcement Decree of the same Act.
2. Related documents are kept at the Sasang-gu Office (Building Division) in Busan Metropolitan City, available for viewing by the general public and interested parties, and related maps are omitted in this announcement.
February 19, 2025
Mayor of Sasang-gu, Busan Metropolitan City
1. Project Name: Sasang Park Private Park Development Special Project Non-Park Facility Apartment Construction
Construction project for apartments in Gamjeon-dong, Sasang-gu (area of 1-9)
2. Name and Address of the Project Proponent
○ Name: Daehan Land Trust Co., Ltd. (Representative: Park Jong-cheol)
○ Address: 517, Yeongdong-daero, Gangnam-gu, Seoul (Asem Tower, Samsung-dong) 26th floor
3. Location, Area, and Scale of the Project
○ Location: Area of 1-9, Gamjeon-dong, Sasang-gu, Busan
○ Site Area: 47,839.00㎡
○ Building Area: 7,982.7787㎡
○ Total Floor Area: 139,160.3331㎡
○ Building Scale: 5 basement floors/25 above-ground floors, 852 units
○ Purpose: Apartment and auxiliary/welfare facilities
4. Scheduled Project Duration: Commencement on March 27, 2023 – Use Inspection on October 30, 2028 (Change)
5. Designation of the operator for urban planning facility project under Article 86 of the National Land Planning and Utilization Act and approval of implementation plan for urban planning facility project under Article 88 of the same Act
○ Project Site Location: Area of 297-3, Gamjeon-dong, Sasang-gu, Busan
○ Type of Project: Urban planning facility (road)
○ Project Title: Urban planning facility road construction project (Jungno 2-101)
○ Scope of Work (No Change)
- Construction of urban planning road
- Jungno 2-101: B=18.0~20.0m, L=90.0m
○ Name and Address of the Implementer (Change)
- (Initial) Daehan Land Trust Co., Ltd. CEO Lee Hoon-bok
- (Change) Daehan Land Trust Co., Ltd. CEO Park Jong-cheol
- Address: 517, Yeongdong-daero, Gangnam-gu, Seoul (Asem Tower, Samsung-dong) 26th floor
○ Scheduled Project Start Date and Completion Date (Change)
- Scheduled Start Date: (Initial) within 6 months from the change approval date
(Change) within 6 months from the change approval date
- Scheduled Completion Date: (Initial) May 31, 2027
(Change) October 30, 2028
Category
Notice
Agency Division
District and County
Agency
Sasang-gu
Notice/Announcement Number
No. 2025-20
Title
Approval notice for housing construction project plan change (3rd)
Date
February 19, 2025
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