Table of Contents
Announcement of Residents' Review and Residents' Explanation Meeting for the Maintenance Plan Decision and Designation of Maintenance District (Draft) for the Deokcheon 1 District Redevelopment Project
- Area of 342-2 Deokcheon-dong, Buk-gu
The 'Deokcheon 1 District Redevelopment Project', located at 342-2 Deokcheon-dong in Buk-gu, Busan, has commenced the maintenance plan decision and residents' review procedure on May 21. The Buk-gu Office plans to hold a residents' explanation meeting on June 12 to share an overview of the project and the upcoming schedule, with residents' opinions expected to be collected until June 20.
According to the review materials, the area of the maintenance district is 28,310㎡, with 74.5% allocated for multi-unit housing. The remaining area will be designated for infrastructure purposes such as roads and children's parks. Additionally, the zoning classification will be elevated to Type 3 General Residential Area, allowing a maximum floor area ratio of 264%. Based on this plan, it is expected that approximately 600 to 700 new apartments will be supplied.
This project is anticipated to significantly contribute to regional development and the improvement of the residential environment.
The construction company has not yet been determined as the project is currently at the maintenance plan stage. However, brand apartments such as Forena Deokcheon 1, 2, and 3 are emerging in the Buk-gu area, suggesting that competition for the selection of the construction company for Deokcheon 1 District will become fiercer.
When examining the current market prices, the exclusive 84㎡ in Forena Busan Deokcheon 1, expected to move in by January 2025, is trading between 480 million won and 680 million won, while the exclusive 59㎡ in Deokcheon Jugong Complex 1, built in the 1990s, is priced in the early to mid-100 million won range.
As the supply of new apartments becomes active, it is expected that the reconstruction of aging complexes in the old downtown will be vigorously pursued, which is likely to exert upward pressure on house prices in Buk-gu. Considering this situation, it is essential to pay attention to the changes in the Buk-gu real estate market in the future.
This area boasts significant competitive advantages in terms of location. It is situated near Sukdung Station and has excellent access to Deokcheon Station and Gupo Station (KTX), making transportation very convenient. The roads Manduk-daero and Gupo-daero facilitate easy travel to downtown Busan and Gimhae, and the vicinity to Deokcheon Middle School enhances the quality of the educational environment. Nearby, various living amenities such as NC Department Store, Mega Mart, and Nonghyup Hanaro Mart make residents' lives more convenient.
If the planned project proceeds smoothly, several positive effects are anticipated. The environment of the aging residential areas will improve, and more than 10% of public rental housing will be secured. Additionally, the expansion of children's parks and roads will greatly enhance the living infrastructure. Notably, the mandatory construction of small rental housing (40㎡ or less) is expected to allow for the provision of tailored housing for young generations and the elderly.
After the completion of the residents' review of Deokcheon 1 District, the maintenance plan will be finalized, and a promotion committee will be established. Subsequently, procedures such as the founding of the cooperative general meeting and the selection of the construction company will take place. This series of processes is expected to have a positive impact on regional development.
Public Notice No. 2025-581 of Buk-gu, Busan Metropolitan City
Announcement of Residents' Review and Residents' Explanation Meeting for the Maintenance Plan Decision and Designation of Maintenance District (Draft) for the Deokcheon 1 District Redevelopment Project
Regarding the maintenance plan decision and designation of the maintenance district (Draft) for the Deokcheon 1 District Redevelopment Project in the area of 342-2 Deokcheon-dong, Buk-gu, Busan, a residents' review will be conducted and a residents' explanation meeting will be held to gather public opinion according to Article 15 of the Urban and Residential Environment Maintenance Act and Article 13 of its Enforcement Decree. If you have any comments, please submit them in writing to the Buk-gu Architectural Division during the review period.
May 21, 2025
Mayor of Buk-gu, Busan Metropolitan City
1. Overview of the Residents' Explanation Meeting
a. Date: Thursday, June 12, 2025, 14:00
b. Venue: 3rd Floor Meeting Room, Deokcheon 1-dong Administrative Welfare Center (11 Manduk-daero 102beon-gil, Buk-gu)
c. Participants: Landowners and stakeholders
d. Content: Explanation of the Maintenance Plan Decision and Designation of Maintenance District (Draft)
2. Overview of the Residents' Review
a. Review Period: May 21, 2025 - June 20, 2025
b. Review Venue: Redevelopment Team, Architectural Division of Buk-gu Office (☎ 051-309-4612)
[3rd Floor Architectural Division, 587 Sasang-ro, Buk-gu (Gupo-dong)]
c. Review Contents:
1. Designation of the Maintenance District Record
| Designation Type | Project Type | District Name | Location | Area (㎡) |
| New | Redevelopment Project | Deokcheon 1 Redevelopment Maintenance District | Area of 342-2 Deokcheon-dong, Buk-gu | 28,310 |
2. Maintenance Plan Decision
a) Plan for Zoning
| Type | Area (㎡) | After Change | Rate (%) |
| Total | 28,310 | - | 100.0 |
| Type 2 General Residential Area | 28,310 | Decrease 28,310 | - |
| Type 3 General Residential Area | - | Increase 28,310 | 100.0 |
b) Estimate of Contribution per Landowner and Calculation Basis
| Estimated Total Revenue | Estimated Total Project Cost | Estimated Total Asset Value | Estimated Proportion |
| 356,423,973,000 | 278,438,738,000 | 77,985,234,000 | 100.00% |
Calculation Basis
· Estimated Total Asset Value = Sum of Estimated Total Assets by Landowner
· Estimated Proportion = (Estimated Total Revenue - Estimated Total Project Cost) / Estimated Total Asset Value
· Contribution per Landowner = Member Sale Price - Rights Value
※ The above estimated total asset values and calculated contributions may change according to future management and dispositional plans.
c) Land Use Plan
| Type | Name | Area (㎡) | Rate (%) |
| Residential and Maintenance Infrastructure (Urban Planning Facility) | Total | 28,310 | 100.0 |
| Residential Land | Subtotal | 21,101 | 74.5 |
| | Multifamily Housing | 20,746 | 73.3 |
| | Religious Facility | 355 | 1.2 |
| Maintenance Infrastructure, etc. | Subtotal | 7,209 | 25.5 |
| | Children's Park | 2,090 | 7.4 |
| | Road | 5,119 | 18.1 |
d) Plan Regarding the Main Purpose of Buildings, Building Coverage Ratio, Floor Area Ratio, Height, etc.
| Decision Type | District Classification | Area (㎡) | Parcel Classification | Area (㎡) | Location | Main Purpose | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) |
| New | Deokcheon 1 Redevelopment Maintenance District | 28,310 | 1-1 | 20,746 | Area of 339-20 Deokcheon-dong | Multifamily Housing | 30 or less | 264 or less | 108 or less |
| | | | 1-2 | 355 | Area of 340-14 Deokcheon-dong | Religious Facility | 50 or less | 264 or less | 25 or less |
Scale and Construction Rate of Housing
· More than 40% of the total number of housing units constructed must be 85㎡ or less.
Matters Regarding the Construction of Rental Housing
· More than 10% of the total number of housing units constructed must be rental housing.
· Rental housing of more than 30% or 5% of the total construction housing units must be constructed as rental housing of 40㎡ or less.
Application of Floor Area Ratio Relaxation Standards
· The relaxation standards for the floor area ratio according to the Basic Plan for Urban and Residential Environment Maintenance in Busan Metropolitan City will be applied.
* Standard Floor Area Ratio: 240%
* Local Economic Revitalization Incentive: 8%
* Sustainable Type Multifamily Housing Incentive: 5%
* Green Building and Energy Efficiency Rating Certification: 11%
[Zero Energy Building Level 5]
* Permitted Floor Area Ratio: 240% + 8% + 5% + 11% = 264%
* Planned Floor Area Ratio: 264% or less
Plan Regarding Building Lines of Buildings
· According to Article 39-2 of the Busan City Building Ordinance
e) Other Matters: Refer to the Review Documents
4. Review Documents: Omitted from publication (available at the review location)
5. Method of Submitting Opinions: Submission of written opinions to the Buk-gu Architectural Division during the review period\[attachment] Review Opinion Form
Type
Announcement
Agency Classification
District
Agency
Buk-gu
Notification No.
2025-581
Title
Announcement of Residents' Review and Residents' Explanation Meeting for the Maintenance Plan Decision and Designation of Maintenance District (Draft) for the Deokcheon 1 District Redevelopment Project
Date
2025-05-21
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