Announcement of Maintenance Plan Decision and Designation of Maintenance Area for Suan 1 District Redevelopment Project
- Area of 32-43 Suan-dong, Dongnae-gu
The Suan 1 redevelopment project officially begins in the vicinity of 32-43 Suan-dong, Dongnae-gu, Busan. This project is being promoted through the announcement of the maintenance plan decision and the designation of the maintenance area.
This project covers a total area of 44,935.3㎡ and is planned to be developed into second and third type general residential areas. As a new living space is expected, future changes are being closely watched.
According to the recently announced architectural plans, the apartment complex will consist of 6 buildings with a total of 966 units. These housing units are limited to a coverage ratio of less than 30%, a floor area ratio of less than 274%, and a maximum height of 105m. Religious facilities are also planned, with a coverage ratio set below 60% and a floor area ratio of below 200%.
Approximately 430 landowners are included in this plan, indicating a strong stakeholder presence in the area's development.
This announcement is expected to be finalized in August 2024 after the public viewing and public notice of the maintenance plan decision and designation (draft), which will serve as a significant basis for the project's progress. This development is anticipated to have a positive impact on the local community.
The Saedongnae 3rd Apartment is currently being promoted as the Suan 3 District reconstruction project, with the decision on the maintenance plan and the designation of the maintenance area expected to be completed by December 2024.
Additionally, the construction of Dongnae Lotte Castle Signature is ongoing, indicating that redevelopment and reconstruction activities are actively taking place in the Suan-dong area.
These changes are expected to improve the local residential environment and lead to an increase in property values.
Suan 1 district is close to Gyo-dae Station and Dongnae Station, on Busan Line 1 and Donghae Line, as well as Suan Station on Line 4, boasting excellent transportation accessibility. In particular, Dongnae Station is a transfer station for Lines 1 and 4, which makes it easy to access major areas in Busan.
Furthermore, there are excellent educational zones surrounding the area, including Suan Elementary, Nakmin Elementary, Naeseong Middle, Dongnae Middle, Busan Central Girls' High School, and Dongnae High School, making it very advantageous from an educational perspective. These elements combine to provide a desirable living environment in Suan 1 district.
Through this redevelopment, Suan-dong in Dongnae-gu is expected to transform into a new residential center. Once the construction company is selected and the project begins in earnest, a positive ripple effect is anticipated in the local real estate market.
Busan Metropolitan City Announcement No. 2025-91
Announcement of Maintenance Plan Decision and Designation of Maintenance Area for Suan 1 Redevelopment Project
1. Regarding the maintenance area of the Suan 1 redevelopment project located in the vicinity of 32-43 Suan-dong, Dongnae-gu, Busan, this announcement is made in accordance with Article 16 of the Urban and Residential Environment Maintenance Act regarding the decision of the maintenance plan and the designation of the maintenance area, and a topographical map is announced in accordance with Article 8 of the Land Use Regulation Basic Act and Article 7 of the Enforcement Decree of the same Act.
2. Related documents (available for viewing at "http://www.eum.go.kr") are kept at the Busan Metropolitan City Urban Maintenance Division (☎051-888-4232) and Dongnae-gu Building Division (☎051-550-4604) for public viewing.
March 12, 2025
Mayor of Busan Metropolitan City
I. Designation of Maintenance Area and Decision of Maintenance Plan
1. Designation of redevelopment project maintenance area report
| Designation Type | Type of Project | Name of Area | Location | Area (㎡) | Notes |
| New | Redevelopment Project | Maintenance Area for Suan 1 Redevelopment Project | Area of 32-43 Suan-dong, Dongnae-gu, Busan | 44,935.3 | - |
2. Redevelopment project maintenance plan
○ Plan for land use
| Classification | Name | Area (㎡) | Ratio (%) | Notes | |
| Urban Management Plan Land District | Total | 44,935.3 | 100.0 | ||
| Second Type General Residential Area | 464.7 | 1.0 | |||
| Third Type General Residential Area | 44,470.6 | 99.0 | Second Type → Third Type | ||
| Urban Management Plan Land District | - | - | - | ||
| Site and Maintenance Infrastructure (Urban Planning Facilities) | Total | 44,935.3 | 100.0 | ||
| [Site] | 36,716.3 | 81.7 | |||
| Residential Land (1-1) | 25,462.6 | 56.7 | |||
| Residential Land (2-1) | 10,789.0 | 24.0 | |||
| Religious Land | 464.7 | 1.0 | Retention | ||
| [Maintenance Infrastructure] (Urban Planning Facilities) | 8,219.0 | 18.3 | |||
| Park | 2,250.0 | 5.0 | |||
| Road | 5,969.0 | 13.3 | |||
○ Plan for Changing Land Use Districts
| Classification | Area (㎡) | Ratio (%) | Notes | ||
| Existing | Change | After Change | |||
| Total | 44,935.3 | - | 44,935.3 | 100.0 | - |
| Second Type General Residential Area | 44,935.3 | Decrease) 44,470.6 | 464.7 | 1.0 | - |
| Third Type General Residential Area | - | Increase) 44,470.6 | 44,470.6 | 99.0 | - |
■ Reasons for Changing Land Use District
| Map Display Number | Location | Land Use District | Area (㎡) | Floor Area Ratio | Reason for Change | |
| Existing | Change | |||||
| - | Area of 32-43 Suan-dong, Dongnae-gu | Second Type General Residential Area | Third Type General Residential Area | 44,470.6 | Below 300% | ⦁The site has a concentration of old and poor buildings, necessitating the improvement of the residential environment and maintenance of infrastructure, therefore it has been decided to change from Second Type General Residential Area to Third Type General Residential Area for efficient land use. |
○ Estimated Amount of Shared Costs by Land Ownership and Calculation Basis
| Estimated Shared Costs | Total Estimated Income | Total Estimated Project Cost | Total Estimated Assets | Estimated Proportional Rate |
| 569,195,279,000 KRW | 398,304,112,000 KRW | 162,759,944,000 KRW | 105% | |
| Calculation Basis | ∙ Total Estimated Assets = Sum of Estimated Assets by Land Ownership ∙ Estimated Proportional Rate = (Total Estimated Income – Total Estimated Project Cost)/Total Estimated Assets ∙ Estimated Shared Costs by Land Ownership = Member Sale Price - Right Amount | |||
※ The estimated total assets and individual shared cost calculations may be subject to change according to future management plans, etc.
(Estimates of shared costs per land ownership and calculation basis are omitted)
○ Plans regarding the main purpose, coverage ratio, floor area ratio, and height of buildings
| Classification | Area Classification | Household or Lot Classification | Location | Main Purpose | Coverage Ratio | Floor Area Ratio | Height | Notes | ||
| Name | Area (㎡) | Name | Area (㎡) | |||||||
| New | Maintenance Area for Suan 1 Redevelopment Project | 44,935.3 | 1-1 | 25,462.6 | Area of 35-7 Suan-dong, Dongnae-gu | Residential and subsidiary welfare facilities | Less than 30% | Less than 274% | Less than 105m | - |
| 2-1 | 10,789.0 | Area of 34-7 Suan-dong, Dongnae-gu | Residential and subsidiary welfare facilities | Less than 30% | Less than 274% | Less than 105m | - | |||
| 2-2 | 464.7 | No.34-2 Suan-dong | Religious Facilities | Less than 60% | Less than 220% | Less than 30m | Retention | |||
| Scale of Houses and Construction Ratio | ⦁At least 40% of the total number of housing units constructed must be under 85㎡ | |||||||||
| Matters Regarding the Construction of Rental Housing | ⦁At least 10% of the total number of housing units constructed must be rental housing ⦁At least 30% of the total number of rental housing units or at least 5% of the total number of housing units constructed → Must construct rental housing units with a residential exclusive area of up to 40㎡ | |||||||||
| Application of Floor Area Ratio Relaxation Standards | ⦁Applicable standards for floor area ratio evaluation and relaxation on the basis of "2030 Busan Metropolitan City Basic Plan for Urban and Residential Environment Maintenance" ⦁Standard Floor Area Ratio Calculation: 240% (Residential Maintenance Area) ⦁Relaxation of Floor Area Ratio Application▸ Incentive Calculation When Providing Public Facility Land - 1.5 × (Provided Area ÷ Area After Provision) × α% (200% when Second Type General Residential) - 1.5 × (2,132.8㎡ ÷ 36,251.6㎡) × 200% = 17.7%▸ Local Economic Vitalization Incentive: 5% (Designer)▸ Sustainable Multi-Family Residential: 5%▸ Green Building Certification and Energy Efficiency Rating Certification: 9% [Excellent Grade for Green Building (3%), Energy Efficiency Grade 1++ (6%)]⇨ Relaxed Floor Area Ratio: 17.7% + 5% + 5% + 9%= 36.7%⦁ Permitted Floor Area Ratio: 240% + 36.7% = 276.7%⦁ Planned Floor Area Ratio: Less than 274% | |||||||||
Classification
Announcement
Agency Classification
City
Agency
Busan Metropolitan City
Announcement No.
No. 2025-91
Title
Announcement of Maintenance Plan Decision and Designation of Maintenance Area for Suan 1 Redevelopment Project
Date
March 12, 2025
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