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Forena Busan Deokcheon Phase 3, Completion Approval Announcement for Deokcheon District 3 Reconstruction Project
- Buk-gu Deokcheon-dong 361
'Forena Busan Deokcheon Phase 3', located at 361 Deokcheon-dong, Buk-gu, Busan, received completion approval on May 28 and is nearing completion. The Deokcheon District 3 reconstruction project covers a total area of 16,070.5㎡ and consists of four buildings from two basement floors to 27 floors above ground, totaling 429 households.
This project has a building coverage ratio of 23.02% and a floor area ratio of 280.57%, with a maximum height reaching 79.4 meters. It is expected to greatly contribute to the improvement of the residential environment in Deokcheon-dong.
Hanwha Construction has undertaken the construction under the Forena brand. This company has also secured contracts for Districts 1 and 2 of Deokcheon, aiming to create a total of 1,860 households in the Forena brand town. The expected completion date is May 20, and based on the approval announcement, the association and construction company have begun the occupancy process. Therefore, if everything proceeds smoothly, occupancy may be possible by June 2025.
Information about Forena Busan Deokcheon Phase 3 will also gradually be disclosed.
| Number of Households | 429 Households (Total of 4 Buildings) | Lowest/Highest Floor | 16th Floor / 27th Floor |
| Usage Approval Date | June 2025 | Total Parking Spaces | - |
| Floor Area Ratio | - | Building Coverage Ratio | - |
| Construction Company | Hanwha Construction Co., Ltd. | ||
| Heating | Individual Heating, City Gas | ||
| Management Office | - | ||
| Address | 361 Deokcheon-dong, Buk-gu, Busan, 127 Mandeok-daero, Buk-gu, Busan | ||
| Area | 78A㎡, 78B㎡, 97A㎡, 98B㎡, 99C㎡, 110A㎡, 111B㎡ | ||
The location conditions are very excellent. It is a 3-minute walk from the complex to Sukdeung Station of Busan Metro Line 3, and Deokcheon Station, where transfers between Lines 2 and 3 are possible, is also just one station away. Furthermore, it is convenient to use KTX from Gupo Station.
Additionally, the opening of the Mandeok-Centum tunnel expressway and the third Mandeok tunnel is expected to further improve the regional accessibility.
The expected effects are clear. By supplying new apartments located on flat land in a triple station area, the image of the aging residential site can be improved. Additionally, as a medium-sized complex with 400 households, it is expected to contribute to enhanced management efficiency.
Moreover, the synergy of the brand town connected with Phases 1 and 2 will help improve both price stability and living convenience. After the sale, there is a high possibility that the premium may rise by more than 100 million KRW.
Busan Metropolitan City Buk-gu Notice No. 2025-38
Announcement of Completion Approval for Deokcheon District 3 Reconstruction Project
The Deokcheon District 3 reconstruction project was designated for management and planning via Busan Metropolitan City Notice No. 2019-69 (March 20, 2019), and the management plan and area designation changes were announced via Busan Metropolitan City Notice No. 2020-86 (March 18, 2020) and Busan Metropolitan City Notice No. 2024-464 (December 18, 2024). The project implementation plan was approved under Busan Metropolitan City Notice No. 2020-66 (July 22, 2020), and the construction has been completed according to the plan. Thus, we announce the completion approval in accordance with Article 83 of the Urban and Residential Environment Maintenance Act and Article 74 of the Enforcement Decree of the same Act.
May 28, 2025
Mayor of Buk-gu, Busan
1. Type and Name of the Maintenance Project: Deokcheon District 3 Reconstruction Project
2. Location and Name of the Maintenance Area: Area of 361 Deokcheon-dong, Buk-gu, Busan (Area: 16,070.5㎡)
3. Name and Address of the Project Implementer
a. Name: Deokcheon District 3 Reconstruction Maintenance Association (Chairman: Kwon Dong-gu)
b. Address: 169 Mandeok-daero, 3rd Floor, Buk-gu, Busan (Deokcheon-dong, Boseong Building)
4. Details of Completion Approval
a. Building Facility (Multi-family Housing)
| Classification | Details | Classification | Details |
| Area of Project | 16,070.5㎡ | Site Area | 14,322.2㎡ |
| Building Coverage Ratio | 23.02% | Building Area | 3,297.0825㎡ |
| Floor Area Ratio | 280.57% | Total Area | 61,220.8615㎡ |
| Maximum Height | 79.4m | Number of Buildings/Floors | 4 Buildings/Basement 2 Floors to 27 Floors Above |
| Main Usage | Multi-family Housing (Apartments) and Auxiliary Facilities | Number of Households | 429 Households |
b. Urban Planning Facilities and Maintenance Infrastructure
| Classification | Location (Starting Point, Ending Point) | Area |
| Urban Planning Facilities | Jongno 3-421 Deokcheon-dong 376-13, 371 | B=12~14.5m, L=98m |
| Maintenance Infrastructure (Road) | Road-1 Area of 361 Deokcheon-dong | L=208m, A=731.8㎡ |
| Maintenance Infrastructure (Road) | Road-2 Area of 374-2 Deokcheon-dong | L=102m, A=733.4㎡ |
| Maintenance Infrastructure (Road) | Road-3 Area of 362 Deokcheon-dong | L=12m, A=64.8㎡ |
5. Date of Completion Approval: May 20, 2025. End.
Classification
Announcement
Agency Classification
District
Organization
Buk-gu
Announcement/Notice Number
No. 2025-38
Title
Completion Approval Announcement for Deokcheon District 3 Reconstruction Project
Date
2025-05-28
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