Table of Contents
Hillstate Iconic / Bamseon 1-1 District Urban Environment Maintenance Project Implementation Plan (Modification) Notification
- Bamseon-dong 850-1
The 'Bamseon 1-1 District Urban Environment Maintenance Project' taking place in the vicinity of Bamseon-dong 850-1 has received approval for the modification of its project implementation plan as of June 30, 2025. The project is led by the Bamseon 1-1 District Urban Environment Maintenance Project Association, and the project duration is set for 108 months from the date of the initial approval.
The modification proposal includes revisions to the unit layouts and community facility layouts, a change in the foundation method (from PRD to PHC), and adjustments to the facade design. Notably, changes in unit configuration, exterior design, and community spaces have been made with consideration for improving the living environment for actual residents.
According to the business plan, the project will consist of a total of 8 buildings rising from 7 underground floors to 49 above-ground floors. A total of 1,509 housing units will be supplied, of which 188 units will be officetels. The plan is to sell 1,321 units of apartments.
The exclusive area will vary from 59㎡ to 101㎡, with a floor area ratio of 881.66%, and the maximum building height is expected to be 168.05m.
The construction will be undertaken by Hyundai Construction, and the complex will be named 'Hillstate Iconic.'
Currently, the Bamseon 1-1 District has completed demolition work; however, construction has been delayed for several years due to issues with construction costs with the contractor. In February 2025, an incident of false information dissemination by brokers surrounding this area occurred. Some agents and YouTubers distorted the sale schedule and construction company information, causing confusion among assembly members and investors. In response, the assembly emphasized that “only trust information from official channels,” urging caution.
This situation serves as a reminder of the importance of providing reliable information to investors.
With the recent announcement of the project implementation plan modification approval, there are opinions that there is a high possibility of sales and construction starting in November. The November sale schedule for Hillstate Iconic was confirmed through Hyundai Construction's official website, but the possibility of schedule delays cannot be ruled out.
Notification No. 2025-111 of Busanjin-gu, Busan Metropolitan City
Notification of Approval for Modification of Project Implementation Plan for Bamseon 1-1 District Urban Environment Maintenance Project
Designated as a maintenance zone and determined maintenance plan through Notification No. 2005-98 of Busan Metropolitan City (March 30, 2005), modified maintenance area and plan through Notification No. 2017-345 of Busan Metropolitan City (November 8, 2017), publicized project implementation plan approval through Notification No. 2018-82 of Busanjin-gu (June 27, 2018), modified project implementation plan approved through Notification No. 2022-169 of Busanjin-gu (November 30, 2022), and modified project implementation plan approved through Notification No. 2023-139 of Busanjin-gu (October 11, 2023), the project implementation plan for the Bamseon 1-1 district urban environment maintenance project in the vicinity of Bamseon-dong 850-1 is approved in accordance with Article 50, Paragraph 1 of the Urban and Residential Environment Maintenance Act, and this is publicized according to Article 50, Paragraph 9 of the same law and Article 10, Paragraph 3 of the Enforcement Regulations of the same law.
July 9, 2025
Mayor of Busanjin-gu, Busan Metropolitan City
1. Project Type and Name
a. Type: Urban Environment Maintenance Project
b. Name: Bamseon 1-1 District Urban Environment Maintenance Project
2. Location and Area of the Maintenance Zone
a. Location: Bamseon-dong 850-1, Busanjin-gu, Busan Metropolitan City
b. Area: 20,766.4㎡
3. Name and Address of the Project Implementer
a. Name: Bamseon 1-1 District Urban Environment Maintenance Project Association (Chairman: Lee Kyung-ik)
b. Address: 52 Gold Theme Street, 3rd Floor, Busanjin-gu, Busan Metropolitan City
4. Duration of the Maintenance Project: 108 months from the date of initial project implementation approval
5. Date of approval for project implementation (modification): June 30, 2025
6. Details related to construction plans, including site area, building coverage, floor area ratio, height, and purpose
| Category | Details | Category | Details |
| Site Area | 20,766.4㎡ | Floor Area Ratio | 881.66% |
| Building Area | 10,755.4519㎡ | Building Coverage | 56.64% |
| Total Floor Area | 262,336.8648㎡ | Total Count | 7 basement floors/49 above-ground floors |
| Maximum Height | 168.05m | Number of Buildings | 8 buildings |
| Purpose | Apartment (shared housing) and ancillary facilities, office facilities (officetel), retail facilities | Number of Units | 1,509 units (including 188 officetels) |
7. Housing scale and construction plan
| Supply Type | Housing Type | Number of Buildings | Number of Units | 59A (㎡) | 59B (㎡) | 59C (㎡) | 59D (㎡) | 84A (㎡) | 84B (㎡) | 84C (㎡) | 84D (㎡) | 101 (㎡) |
| Sale | Shared Housing | 7 | 1,321 | 184 units | 182 units | 138 units | 91 units | 180 units | 184 units | 136 units | 46 units | 101 units |
| Lease | Shared Housing | - | - | - | - | - | - | - | - | - | - | - |
8. Other legal approvals and equivalent matters
a. Approval of project plan under Article 16 of the Housing Act
b. Building permit under Article 11 of the Building Act
c. Equivalent matters under Article 57 of the Urban and Residential Environment Maintenance Act
9. Reasons for Modification
a. Changes in layout of unit types and community facilities (improvements)
b. Change in foundation method (PRD to PHC)
c. Changes in facade design
Category
Notification
Agency Category
District
Agency
Busanjin-gu
Notification Number
No. 2025-111
Title
Notification of Approval for Modification of Project Implementation Plan for Bamseon 1-1 District Urban Environment Maintenance Project
Date
July 9, 2025
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Frequently Asked Questions (FAQ)
Q. What is the location and scale of the Bamseon 1-1 District Urban Environment Maintenance Project?
It is being carried out at Bamseon-dong 850-1 over an area of 20,766.4㎡.
The Bamseon 1-1 District Urban Environment Maintenance Project targets the area of Bamseon-dong 850-1 in Busanjin-gu, Busan Metropolitan City. The project area covers approximately 20,766.4㎡ and is designated as a maintenance zone to improve urban environments. This area will be systematically developed according to the maintenance plan officially publicized by the Busanjin-gu Office.
Q. What are the major changes in the modification of the project implementation plan?
Changes have been made to unit layouts, community facilities, foundation methods, and facade designs.
The modification of the project implementation plan includes revisions and improvements to the existing unit layouts and community facilities. Additionally, the foundation method has been changed from PRD to PHC, and adjustments have been made to the building's facade design to enhance aesthetics and comfort. These measures are crucial changes aimed at improving the housing environment for actual residents.
Q. What is the scale and configuration of housing in the Bamseon 1-1 District project?
The project consists of 8 buildings with a total of 1,509 units (1,321 shared housing units and 188 officetels).
The project will consist of 8 buildings ranging from 7 underground floors to 49 above-ground floors, with a total of 1,509 housing units expected to be supplied. Among these, 1,321 are apartments, while 188 are officetels, providing diversity. The exclusive areas will vary from 59㎡ to 101㎡ to accommodate the varying housing demands of residents.
Q. What is the current status of the project's progress, and when is the commencement schedule?
Demolition is complete; however, commencement has been delayed due to construction cost issues, with a possibility of sales in November.
In the Bamseon 1-1 District, demolition work has been completed, but construction commencement has been delayed due to cost issues with the contractor. In February 2025, an incident of false information dissemination by brokers occurred, prompting the assembly to urge reliance on official information only. Recently, the approval of the modified project implementation plan was announced, leading Hyundai Construction to anticipate sales in November; however, the schedule may still be subject to change.
Q. Who is the construction company, and what is the name of the project complex?
The construction company is Hyundai Construction, and the complex is named 'Hillstate Iconic.'
Hyundai Construction has been selected as the construction company for the Bamseon 1-1 District Urban Environment Maintenance Project, and this complex is being marketed and developed under the name 'Hillstate Iconic.' Hyundai Construction is one of the leading construction firms in Korea, known for high quality and reliability.
