Table of Contents
Sasang Deokpo-dong Yuwon Apartment Reconstruction / Decision on Maintenance Plan and Designation of Maintenance District (Draft) Resident Explanation Meeting and Public Display Announcement
- Sasang-gu, Deokpo-dong, 198
The maintenance plan decision and designation (draft) for the Deokpo District 1 reconstruction project centered around the reconstruction of Yuwon Apartment located at 198 Deokpo-dong, Sasang-gu have been disclosed. This procedure is conducted based on Article 15 of the "Urban and Residential Environment Maintenance Act" and Article 13 of the relevant enforcement decree.
The public display will be held from June 11 to July 11 for 31 days, and on June 26, a resident explanation meeting will be held in the Hanmadang Hall of the Sasang District Office. Given the importance of resident participation and opinion collection, it requires considerable attention.
According to the plan, the target area of the project includes Yuwon Apartment and nearby Geumjandi and Daehwa Apartment, designated as the 3rd type general residential area. The total area is 35,636㎡, of which 27,917㎡ will be allocated for housing, and the remaining 7,719㎡ will be used for maintenance infrastructure such as roads and parks. The exact boundaries of the maintenance district will be confirmed after the designation notification.
Building regulations include a coverage ratio of 50% or less, a floor area ratio of 275% or less, and a maximum height of 111m or less. The construction of rental housing is not included in this plan, and according to initial designs, it is planned to build about 800 housing units.
According to the Urban Residential Environment Maintenance Basic Plan of Busan Metropolitan City, criteria for floor area ratio relaxation are applied. Thus, a maximum floor area ratio of 275% is allowed through the provision of public facility sites, regional cooperation, and design bonuses.
The total expected revenue for this project is approximately 40.2 billion won, with total project costs estimated at 29.5 billion won, and the total sum of existing assets estimated at 10.4 billion won. The related ratio is about 101.91%.
Interested residents can view documents at the Building Department on the 6th floor of the Sasang District Office, and if they have any comments, they must submit them in writing.
The location of Deokpo District 1 Reconstruction is within walking distance of Deokpo Station on Busan Subway Line 2. There are educational institutions nearby, such as Deokpo Elementary, Sasang Elementary, Deokpo Middle School, and Sasang High School, providing a good learning environment. Additionally, the nearby Hanil Cement Busan Plant is scheduled for development, which is expected to have a positive impact on local development.
The newly built apartment complex, Sasang Chungheung S-Class Grand Central, recently has an average sales price of about 550 million won for a dedicated area of 84㎡, with a market price of about 20 million won per 3.3㎡. This trend in market prices is expected to be an important reference when the Deokpo District 1 reconstruction project is underway.
Public Announcement No. 2025-768 of Sasang District, Busan Metropolitan City
Holding of Resident Explanation Meeting and Public Display Announcement for the Maintenance Plan Decision and Designation (Draft) of the Deokpo District 1 Reconstruction Project
The maintenance plan decision and the designation (draft) for the Deokpo District 1 Reconstruction Project at 198 Deokpo-dong, Sasang-gu, Busan Metropolitan City will be publicly displayed according to Article 15 of the "Urban and Residential Environment Maintenance Act" and Article 13 of the enforcement decree of the same law as described below. A resident explanation meeting will be held to listen to residents' opinions, and residents are requested to submit written opinions to the Building Department of Sasang District Office during the public display period.
June 11, 2025
Mayor of Sasang District, Busan Metropolitan City
1. Overview of the Resident Explanation Meeting
a. Date: June 26, 2025 (Thursday) 18:30
b. Location: Hanmadang Hall, Basement 1, Sasang District Office, 242 Hakgam-daero, Sasang-gu, Busan Metropolitan City
c. Participants: Landowners and stakeholders
d. Content: Explanation of the Maintenance Plan Decision and Designation (Draft)
2. Overview of the Public Display
a. Period: June 11, 2025 (Wednesday) ~ July 11, 2025 (Friday) (31 days)
b. Location: Building Department, 6th Floor, Sasang District Office, Busan Metropolitan City (☎051-310-4494)
c. Public Display Contents
1) Designation of Maintenance District Document
| Classification | Type of Maintenance Project | Maintenance Project Name | Location | Area (㎡) |
| New | Reconstruction Project | Deokpo District 1 Reconstruction Project Maintenance District | 198 Deokpo-dong, Sasang-gu, Busan Metropolitan City | 35,636 |
2. Maintenance Plan (Draft)
a) Planning for Land Use Zones and Districts (No Change)
| Classification | Area (㎡) | Ratio (%) |
| Total | 35,636 | 100.0 |
| 3rd Type General Residential Area | 35,636 | 100.0 |
b) Estimated Contribution Amount and Calculation Basis by Landowners
(Unit: Thousands of Won)
Estimated total income: 402,583,698
Estimated total project cost: 295,622,505
Estimated total of existing assets: 104,957,488
Estimated Ratio: 101.91%
* Calculation Basis:
- Estimated total of existing assets = Sum of estimated existing assets by landowners
- Estimated Ratio = (Estimated total income - Estimated total project cost) / Estimated total of existing assets
- Estimated contribution amount by landowners = Member Contribution Amount - Rights Value
※ The estimated total of existing assets and individual contribution calculations may change according to future management disposal plans, etc.
c) Planning for Land Use
| Classification | Name | Area (㎡) | Ratio (%) | Remarks |
| Urban Management Plan Land Use Area | 3rd Type General Residential Area | 35,636 | 100.0 | - |
| Urban Management Plan Land Use District | - | - | - | - |
| Residential Land and Maintenance Infrastructure (Urban Planning Facilities) | Total | 35,636 | 100.0 | - |
| | Residential Land | 27,917 | 78.3 | - |
| | Multiplex Housing Land | 27,917 | 78.3 | - |
| | Maintenance Infrastructure | 7,719 | 21.7 | - |
| | Green Space | 1,800 | 5.1 | Buffer Greenery |
| | Road | 5,919 | 16.6 | Urban Planning Facilities |
d) Plans Regarding the Main Use, Coverage Ratio, Floor Area Ratio, and Height of Buildings
| Classification | District Division | Area (㎡) | Location | Main Use | Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) |
| Newly Established | Deokpo District 1 Reconstruction Project Maintenance District | 35,636 | 198 Deokpo-dong, Sasang-gu, Busan Metropolitan City | Multifamily Housing and Community Facilities | 50% or less | 275% or less | 111m or less |
* Scale and construction ratio of housing: Not applicable
* Regarding the construction of rental housing: Not applicable
○ The relaxation criteria for floor area ratio are applied as per the "2030 Busan Metropolitan City Urban Residential Environment Maintenance Basic Plan (Revised)"
* Special maintenance districts: 10% (Sasang District)
* Standard floor area ratio: 250% (Development Induction Zone + Special Maintenance Area)
| Classification | Score for Evaluation Criteria | Conditions for Each Evaluation Criterion | Standard Floor Area Ratio |
| Deokpo District 1 | 82 points | If providing public facility sites, Center Type Calculation: 20% Regional Cooperation: 5% Design Bonus: 5% Relaxed Floor Area Ratio = 20% + 5% = 25% | 240% |
○ Applicable floor area ratio: 250% + 25% = 275%
○ The planned floor area ratio is determined as planned to remain below 275% as per land use planning
e) Other maintenance plans: See Display Materials
3. Display Materials: Omitted (available at display location)
4. Method of Submitting Opinions: Submit written opinions to the Building Department of Sasang District Office on the 6th floor during the public display period [Attached] Opinion Form for Public Display
Classification
Announcement
Agency Type
District
Agency
Sasang District
Notification Number
No. 2025-768
Title
Decision on Maintenance Plan and Designation (Draft) for Deokpo District 1 Reconstruction Project Resident Explanation Meeting and Public Display Announcement
Date
June 11, 2025
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Frequently Asked Questions (FAQ)
Q. When and where will the resident explanation meeting for the decision on the maintenance plan and designation (draft) of the Deokpo District 1 reconstruction project be held?
The resident explanation meeting will be held on June 26, 2025, at 6:30 PM at Hanmadang Hall, Sasang District Office.
The resident explanation meeting related to the decision on the maintenance plan and designation (draft) of the Deokpo District 1 reconstruction project will be held on June 26, 2025, at 6:30 PM in Hanmadang Hall, Basement 1, Sasang District Office, located at 242 Hakgam-daero, Busan Metropolitan City. This meeting is aimed at landowners and stakeholders to explain the project plan and collect opinions from residents. Any interested residents can attend to directly check the progress of the project and the content of the plans.
Q. What are the main land use and building regulation contents of the maintenance plan for the Deokpo District 1 reconstruction project?
It is divided into a total area of 35,636㎡, with 27,917㎡ for multifamily housing land and 7,719㎡ for road and park land, with a coverage ratio of 50%, a floor area ratio of 275%, and a maximum height of 111m.
The maintenance plan for the Deokpo District 1 reconstruction project indicates that the project area totals 35,636㎡, located in Deokpo-dong, Sasang District, Busan. Out of this, 27,917㎡ is allocated for multifamily housing, while the remaining 7,719㎡ will be used for maintenance infrastructure such as roads and parks. Building regulations limit the coverage ratio to 50% or less, the floor area ratio to 275% or less, and the maximum height of buildings to 111m or less. The construction of rental housing is not included in this plan, and about 800 housing units are expected to be built.
Q. What are the public display period and the method for viewing materials related to the Deokpo District 1 reconstruction project?
The public display will occur from June 11 to July 11, 2025, at the Building Department on the 6th floor of the Sasang District Office for material viewing and opinion submission.
The public display for the decision on the maintenance plan and designation (draft) of Deokpo District 1 will take place for 31 days from June 11 to July 11, 2025. Interested residents can check the project-related documents at the Building Department on the 6th floor of the Sasang District Office. During the display period, residents may submit written opinions to officially convey their views, and phone inquiries (051-310-4494) are also possible. This procedure is a statutory process established to involve resident participation in incorporating feedback into the project plan.
Q. What are the location and characteristics of the surrounding environment for the Deokpo District 1 reconstruction project?
It is located at Deokpo-dong 198, near Deokpo Station on Subway Line 2, with schools and development sites in the vicinity, providing an excellent living environment.
The target area for the Deokpo reconstruction project is located at 198 Deokpo-dong in Sasang District, Busan, conveniently close to Deokpo Station on Subway Line 2, making it easily accessible by foot. Surrounding educational institutions include Deokpo Elementary, Sasang Elementary, Deokpo Middle School, and Sasang High School, promoting a favorable learning environment. In addition, the nearby Hanil Cement Busan Factory is planned for development, expected to positively impact local development. The high sales price and market value of the newly built S-Class Grand Central in Sasang are important references for projected prices during the redevelopment.
Q. What are the estimated project costs and financial figures for the Deokpo District 1 reconstruction project, and how are they calculated?
The estimated total income is 40.2 billion won, total project cost is 29.5 billion won, and the total of existing assets is 10.4 billion won with an estimated ratio of about 101.91%.
Financial figures relating to the Deokpo District 1 reconstruction project show an estimated total income of approximately 40.2583698 billion won, an estimated total project cost of about 29.5622505 billion won, and a total of existing assets estimated at about 10.4957488 billion won. The estimated ratio is calculated as (Total Income - Total Project Cost) ÷ Total of Existing Assets, resulting in an approximate ratio of 101.91%. This ratio and calculated values may change according to developments in management disposal plans in the future, reflecting the calculation basis for individual contributions from landowners.
