Table of Contents
Announcement of Project Implementation Approval for Daeyon Housing Redevelopment Project
- In the area of 1492-11, Daeyon-dong, Construction Company: Kolon Global, Daeyon Urban Fore
The Daeyon Housing Redevelopment Project (Kolon Urban Fore) located at 1492-11 Daeyon-dong, Nam-gu, Busan, received project implementation approval on June 20. This project covers a site area of 9,997.7㎡ and will consist of three buildings ranging from underground 3 floors to 29 floors, providing a total of 225 units.
The unit composition is planned to include 57 units with an exclusive area of 59㎡ and 168 units with an exclusive area of 84㎡. The project is expected to progress for about 48 months from the date of approval, and it is anticipated to contribute to the improvement of the residential environment in Busan.
The construction company is Kolon Global, which has also secured projects in the areas of Daeyon-dong 371-13 and 1492-47. This will lead to the construction of a total of 656 units under the Urban Fore brand town.
Recently in the Daeyon area, comparable complexes in terms of market price include Daeyon SK View Hills and Hillstate Daeyon Central. Recently, the exclusive 84㎡ of Daeyon SK View Hills was traded for 755 million won, and actual transactions for Hillstate Daeyon Central ranged between 660 million won and 690 million won, forming a price range for new apartments in a similar living area.
Due to the brand recognition and the scarcity of new supply, Urban Fore seems likely to secure a premium for new constructions. These factors will contribute to enhancing its value in the future market.
The project is approximately 800 to 900 meters away from Daeyon Station on Busan Subway Line 2, which is outside the station area. Additionally, it is quite distant from Gwangalli Beach. However, its proximity to the slopes of Mount Hwangnyeong indicates a high likelihood of a quiet residential area. The road will be expanded by 6m, and a new 101m section will be allocated to the Nam-gu Office free of charge, which is expected to improve traffic flow.
With this approval, the allocation of units and adjustment of project costs have been completed, finalizing the administrative process.
The aging low-rise residential areas will be transformed into brand high-rise complexes, and as the three areas are sequentially completed, the urban landscape and residential environment of Daeyon-dong are expected to improve significantly.
Announcement No. 2025-90 from Nam-gu, Busan Metropolitan City
Announcement of Project Implementation Approval for Daeyon Housing Redevelopment Project
With respect to the Daeyon Housing Redevelopment Project at 1492-11 Daeyon-dong, Nam-gu, Busan Metropolitan City, the project implementation plan has been approved according to Article 29 of the “Special Act on the Maintenance of Vacant Houses and Small-Scale Residential Areas”, and this is announced in accordance with the provisions of Article 10(2) of the enforcement rules of the same law.
June 25, 2025
Mayor of Nam-gu, Busan Metropolitan City
1. Type and Name of the Project
a. Type: Housing Redevelopment Project
b. Name: Daeyon Housing Redevelopment Project
2. Location and Area of the Project Implementation Region
a. Location: 1492-11 Daeyon-dong, Nam-gu, Busan Metropolitan City
b. Area: 9,997.7㎡ (Area of the project implementation region 9,712.60㎡, road area 285.10㎡)
3. Name and Address of the Project Implementer
a. Name: Daeyon Housing Redevelopment Project Association
b. Address: 69, Motgolbyeongno, 2nd Floor, Nam-gu, Busan Metropolitan City
4. Duration of the Project: 48 months from the date of project implementation plan approval
5. Date of Project Implementation Plan Approval: June 20, 2025
6. Details of the land or buildings required for acquisition and rights other than ownership: Not applicable
7. Matters related to the site area, building coverage ratio, floor area ratio, height, and purpose of the building in the building plan
| Classification | Content | Classification | Content |
| Site Area | 9,712.60㎡ | Building Area | 1,297.7821㎡ |
| Coverage Ratio | 13.36% | Total Floor Area | 39,396.9772㎡ |
| Floor Area Ratio | 248.75% | Maximum Height | 85.68m |
| Purpose | Apartment and Neighborhood Living Facility | Total | 3 Basements, 29 Floors |
| Number of Buildings | 3 Buildings | Number of Units | 225 Units |
8. Scale of Housing Construction Plan
| Supply Type | Number of Buildings | Number of Units | 59㎡ | 84A㎡ | 84B㎡ |
| Total | 3 | 225 | 57 | 111 | 57 |
| Sales | 3 | 225 | 57 | 111 | 57 |
| Rental | - | - | - | - | - |
9. Scale of Sale or Reserved Lots
| Classification | Number of Units | 59㎡ | 84A㎡ | 84B㎡ | Neighborhood Living Facility (Exclusive Area/Number of Units) |
| Total | 225 | 57 | 111 | 57 | 507.0250㎡ / 12 Units |
| Cooperative Members | 57 | 19 | 29 | 9 | - |
| Reserved Lots | 2 | 2 | - | - | - |
| General Sales | 166 | 38 | 80 | 48 | 507.0250㎡ / 12 Units |
10. Details on the Attribution of Maintenance Infrastructure
| Type of Facility | Location | Width (m) | Length (m) | Area (Included Area) (㎡) | Remarks |
| Road | In the area of 1492-3 Daeyon-dong | 6.0 | 71.0 | 454.0 (284.2) | Transferred to the Management Office (Nam-gu Office) for free |
| Road | At 1491-8 Daeyon-dong | 6.0 | 30.0 | 32.0 (0.9) | Transferred to the Management Office (Nam-gu Office) for free |
※ Existing public facilities will be expanded and attributed free of charge.
11. Matters related to approvals and permits under other laws
a. Approval of the project plan according to Article 15 of the “Housing Act”
b. Building permit according to Article 11 of the “Building Act”
c. Matters regarding approval and permits under Article 55 of the “Special Act on the Maintenance of Vacant Houses and Small-Scale Residential Areas”
Classification
Announcement
Agency Classification
Gu/Gun
Agency
Nam-gu
Announcement Number
No. 2025-90
Title
Announcement of Project Implementation Approval for Daeyon Housing Redevelopment Project
Date
2025-06-25
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Frequently Asked Questions (FAQ)
Q. What are the main details of the Daeyon Housing Redevelopment Project?
It is a 225-unit apartment project being constructed by Kolon Global at 1492-11 Daeyon-dong, Nam-gu, Busan.
The Daeyon Housing Redevelopment Project is being carried out in the area of 1492-11 Daeyon-dong, Nam-gu, Busan. It is being constructed by Kolon Global, consisting of 3 buildings from underground 3 floors to above ground 29 floors, with a total of 225 units planned. The units are made up of 57 units with an exclusive area of 59㎡ and 168 units with an exclusive area of 84㎡. The duration of the project is expected to be about 48 months from the date of approval. This project is expected to transform the aging low-rise residential area into a brand high-rise complex, significantly improving the local residential environment.
Q. What is the location and site area of the Daeyon Housing Redevelopment Project?
It is located at 1492-11 Daeyon-dong, and the site area is approximately 9,997.7㎡.
The project implementation area is located at 1492-11 Daeyon-dong, Nam-gu, Busan Metropolitan City. The total site area is 9,997.7㎡, including a project implementation area of 9,712.60㎡ and a road area of 285.10㎡. Nearby, Daeyon Station on Busan Subway Line 2 is about 800 to 900 meters away, and it is expected to be developed into a quiet residential area.
Q. When was the project implementation plan approved, and how long is the project duration?
It was approved on June 20, 2025, and the project duration is approximately 48 months.
The project implementation plan for the Daeyon Housing Redevelopment Project was approved on June 20, 2025, and the mayor of Nam-gu, Busan, announced it on June 25. This project is expected to be carried out over approximately 48 months from the date of approval. During this period, the construction of 3 buildings with 225 units and improvements to surrounding infrastructure are planned.
Q. Who is the construction company for the Daeyon Housing Redevelopment Project?
Kolon Global is participating as the construction company.
The construction company for the Daeyon Housing Redevelopment Project is Kolon Global. Kolon Global has also secured projects in the areas of 371-13 and 1492-47 Daeyon-dong, and is currently constructing a total of 656 units under the Urban Fore brand town. This is expected to contribute to the formation of a brand town in the Daeyon area and the improvement of the residential environment.
Q. What is the unit composition and floor type of the Daeyon Housing Redevelopment Project?
It consists of a total of 225 units, with 57 units of 59㎡ and 168 units of 84㎡.
The total number of units to be supplied is 225, with 57 units of 59㎡ type and 168 units of 84㎡ type planned. This composition is centered on small to medium-sized floor plans that meet diverse housing demands, providing suitable living spaces for actual users. As a brand apartment, new construction premiums can also be anticipated.
Q. What are the market prices for the Daeyon Housing Redevelopment Project and nearby apartment complexes?
The exclusive 84㎡ at Daeyon SK View Hills is approximately 755 million won, while Hillstate Daeyon Central is in the range of 660 million to 690 million won.
Nearby complexes worth comparing prices in the Daeyon area include Daeyon SK View Hills and Hillstate Daeyon Central. The exclusive 84㎡ at Daeyon SK View Hills was recently traded for 755 million won, and actual transactions for Hillstate Daeyon Central range between 660 million won and 690 million won. The Urban Fore complex is expected to secure a premium for new constructions due to brand recognition and the scarcity of new supply, thereby increasing market value.
Q. What are the transportation environment and surrounding living conditions for the Daeyon Housing Redevelopment Project?
It is about 800 to 900 meters away from Daeyon Station and is not in a station area, but it is a quiet residential area near Mount Hwangnyeong, with traffic improvements planned due to road expansions.
The project area is located approximately 800 to 900 meters from Daeyon Station on Busan Subway Line 2, so it is not in a station area, but it is located near the foothills of Mount Hwangnyeong, where a quiet residential environment can be expected. Additionally, the road will be widened by 6m and a newly established section of 101m will be allocated to the Nam-gu Office free of charge, which is expected to improve traffic flow. The area is also distanced from Gwangalli Beach and is focused on creating a pleasant living environment.
Q. What changes are expected in the Daeyon area as a result of this project?
The aging low-rise residential area will be transformed into brand high-rise apartments, improving the residential environment and urban landscape.
This project will transform the aging low-rise residential area into a high-rise complex under the Urban Fore brand. With the sequential completion of the three areas, it is expected that the residential environment will greatly improve and the urban landscape in Daeyon will be enhanced. Furthermore, the expansion of existing roads and public facilities, along with their free attribution, will strengthen infrastructure and contribute to the creation of a pleasant residential environment.
