Designation of the Redevelopment Project Maintenance Area and Announcement of Maintenance Plan for Ujeong Area 1 in Jung-gu, Ulsan
- Area of 407, Ujeong-dong, Jung-gu, Ulsan
In March 2024, the area of 407, Ujeong-dong, Jung-gu, Ulsan was officially designated as a redevelopment maintenance zone. This area covers a total of 95,600㎡ and plans to construct a total of 1,634 apartment units in 13 buildings. Among them, rental housing will be supplied in excess of 7% of the total units.
This redevelopment project is significant as it is the first in Ulsan to adopt a resident proposal method. The project began when residents themselves planned and requested the designation of the area. Such resident participation will be an important case for future redevelopment projects.
Ujeong Area 1 is located between the Northern Circular Road and Myungnyun Road, making it exceptionally accessible by transportation. This area is rich in educational facilities, including Ujeong Elementary School, Taehwa Elementary School, Yugo Middle School, Ulsan Middle School, and Seongshin High School.
Furthermore, living conveniences such as Newcore Outlet and the bustling streets of Seongnam-dong enhance daily life. The area also boasts abundant natural environments, such as Taehwagang National Garden and Ulsan Citizens Park, making it a pleasant place to live.
Currently, examining the apartment market price near Ujeong-dong, Ujeong I-Park was traded at 578 million won for a 106㎡ exclusive area as of February 2025. Additionally, the recent average sale price for Ujeong Epith has been reported at 1,784,000 won per 3.3㎡ over the last two years.
However, due to rising construction costs among other factors, there is a possibility that the sale price could be higher than initially expected. In such circumstances, there might be price differences with surrounding market prices at the time of sale, but since the project schedule has relative flexibility, it is important to approach it from a long-term perspective.
Therefore, when investing in the Ujeong-dong apartment market, it is necessary to plan carefully considering market fluctuation and potential price increases.
The redevelopment project for Ujeong Area 1 is expected to strengthen its role as a residential area in the back of the old downtown. This project is anticipated to contribute to the improvement of the local living environment and the increase of real estate values. In the future, the project will proceed through the establishment of an organization, project approval, and approval of management plan, among other procedures.
Announcement No. 2024 - 52 of Ulsan Metropolitan City
Designation of the maintenance area and decision of the maintenance plan for the Ujeong Area 1 redevelopment project
Terrain drawing announcement
Regarding the maintenance area for the Ujeong Area 1 redevelopment project in Ujeong-dong, Jung-gu, Ulsan, pursuant to Article 16 of the "Urban and Residential Environment Management Act", the designation of the maintenance area and decision of the maintenance plan are as follows, and in accordance with Article 8 of the "Basic Land Use Regulation Act", the terrain drawing is announced.
March 14, 2024
The Mayor of Ulsan Metropolitan City
1. Decision record of the maintenance area
| Classification | Type of maintenance project | Maintenance area name | Location | Area (㎡) | Remarks |
| New | Redevelopment project | Maintenance area for Ujeong Area 1 redevelopment project | 407, Ujeong-dong, Jung-gu, Ulsan | 95,600 | - |
2. Decision record of the maintenance plan: See attached
3. Relevant documents
: Omitted (available at the Urban Policy Division and Jung-gu Policy Project Team of Ulsan Metropolitan City)
※ Related documents are made available for public viewing on the website.
- Ulsan Metropolitan City website: http://www.ulsan.go.kr
Decision record for the designation of the maintenance area and decision of the maintenance plan for Ujeong Area 1 redevelopment project
1. Name of the maintenance project: Ujeong Area 1 redevelopment project
2. Maintenance plan
a. Maintenance area and area
■ Maintenance area designation record
| Classification | Type of maintenance project | Maintenance area name | Location | Area (㎡) | Remarks |
| New | Redevelopment project | Maintenance area for Ujeong Area 1 redevelopment project | 407, Ujeong-dong, Jung-gu, Ulsan | 95,600 | - |
b. Land use plan
| Classification | Area (㎡) | Composition ratio (%) | Remarks | |
| Total | 95,600 | 100.0 | - | |
| Housing site | Subtotal | 73,504 | 76.9 | - |
| Plot | 73,504 | 76.9 | Multi-family housing site | |
| Public facilities | Subtotal | 22,096 | 23.1 | - |
| Road | 11,396 | 11.9 | ||
| Parking lot | 1,840 | 1.9 | ||
| Park | 1,808 | 1.9 | ||
| Green area | 6,045 | 6.3 | Two buffer green areas | |
| Social welfare facilities | 1,007 | 1.1 |
c. No change in the zoning plan
| Classification | Area (㎡) | Composition ratio (%) | Remarks | |||
| Previously set | Changed | After change | ||||
| Total | 95,600 | - | 95,600 | 100.0 | - | |
| Residential area | Subtotal | 95,600 | - | 95,600 | 100.0 | - |
| General residential area Type 2 | 95,600 | - | 95,600 | 100.0 | - |
d. Plan for the maintenance and improvement of existing buildings and architectural facility plans
1) Plan for maintenance and improvement of existing buildings
| Decision classification | District classification | Location | Planned number of buildings | Remarks | |||||
| New | Area for Ujeong 1 Redevelopment Project | 95,600 | Area of 407, Ujeong-dong, Jung-gu, Ulsan | 285 | - | - | 285 | - |
2) Matters regarding the main purpose, coverage rate, floor area ratio, height, number of floors, and total floor area of the buildings
| Decision classification | Household or plot classification | Location | Building plan | |||||
| New | Ⅰ-1 | 73,504 | Ujeong-dong 430 | Multi-family housing | Below 60% | Below 250% | 105m 35 floors | Below 183,760㎡ |
| New | Ⅰ-3 | 1,840 | Ujeong-dong 409-8 | Parking lot | Below 60% | Below 200% | Below 5 floors | Below 3,680㎡ |
| New | Ⅱ-1 | 1,007 | Ujeong-dong 425-1 | Social welfare facilities | Below 60% | Below 200% | - | Below 2,014㎡ |
| Housing scale and construction ratios by scale | ◦ Maximum size for sale housing: 101㎡◦ Construction ratio for size exceeding 85㎡: 9.5%◦ Construction ratio for size below 85㎡: 90.5%◦ Construction ratio for rental housing: exceeding 7% of total units | |||||||
| Application of floor area ratio incentives | ◦ Application of floor area ratio incentives under the 2030 Ulsan metropolitan city's basic urban and housing environment management plan◦ Upon future project approval, according to Article 78 of the National Planning Act and Article 85 of the Enforcement Ordinance, floor area ratio incentives will be applied based on the provision rates for securing public facilities, etc.◦ Standard floor area ratio: 210.0%◦ Incentives for providing public facilities: 19.0%◦ Total for other incentives: 10.5% + 12.6% + 5% = 28.1%◦ Maximum allowable floor area ratio = Standard floor area ratio + Public facility site provision incentive + Other incentives = 210% + 19.0% + 28.1%=257.1% Therefore, the planned floor area ratio will be applied at 250%, which is below the maximum allowable floor area ratio of 257.1%. |
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