Table of Contents
Business Implementation Plan Approval Announcement for the Small-scale Reconstruction Project of Bando Boraman Mansion in Suan-dong
- 106-1, Suan-dong, Dongnae-gu
The small-scale reconstruction project of the Bando Boraman Mansion in Suan-dong received a business implementation plan approval on July 23. This marks the smooth progress of administrative procedures two months after the public review and announcement started on May 25.
According to the approval details, the project site is located at 106-1, Suan-dong, Dongnae-gu, with an area of 9,278㎡. It will be reconstructed into two buildings with 2 basement levels and 36 above-ground levels, totaling 284 units. The housing types will range from an exclusive area of 59㎡ to 155㎡, providing a wide range of choices from small to large units.
DL Construction has been selected as the contractor and is expected to apply the ‘e-Comfortable World’ brand. The association aims to promptly proceed with the integrated review and approval procedures following the contractor selection, targeting to commence construction and complete it within 60 months from the date of approval. Currently, the association is focusing on preparing the management plan and relocation measures.
The previous Bando Boraman Mansion is an aged apartment complex of 180 units constructed in 1984, and according to current market prices, its sale price ranges between 260 million and 310 million won. Once this complex undergoes reconstruction, it is highly likely that the market value will rise significantly due to the large-scale new construction premium and brand value.
The actual transaction price of the exclusive 84㎡ unit in the nearby new apartment ‘Dongnae Raemian iPark’ is around 800 million won, indicating a substantial price difference between the two complexes. This disparity further highlights expectations for the reconstruction of the old Bando Boraman Mansion.
The location condition is very good. The complex is situated in a 'triple station area' within walking distance to Suan Station and Nakmin Station of Busan Metro Line 4, as well as Dongnae Station on the Donghae Line. Accessibility to the city center is also good through Chungnyeol-daero and Jungang-daero.
Within a 5-minute walk are schools such as Nakmin Elementary, Suan Elementary, Naeseong Middle School, and Dongnae High School, providing a competitive education environment. In addition, green spaces like Oncheoncheon Waterfront Park and Green Rail Park are nearby. After reconstruction, this area is expected to transform from an old residential site into a residential town where high-rise skylines blend with commercial amenities.
This is expected to improve the residential environment and enhance the local value.
Announcement No. 2025-72 of Dongnae-gu, Busan
Business implementation plan approval announcement for the small-scale reconstruction project of Bando Boraman Mansion in Suan-dong
For the small-scale reconstruction project of the Bando Boraman Mansion located at 106-1, Suan-dong, Dongnae-gu, Busan, the business implementation plan approval (including management plan) is hereby announced in accordance with Article 29 of the Special Act on the Maintenance of Vacant Houses and Small-Scale Housing.
July 23, 2025
Mayor of Dongnae-gu, Busan
1. Type and name of the project
a. Type: Small-scale reconstruction project
b. Project name: Small-scale reconstruction project of Bando Boraman Mansion in Suan-dong
2. Location and area of the project implementation site
a. Location: 106-1, Suan-dong, Dongnae-gu, Busan
b. Area: 9,278㎡
3. Name and address of the project implementer
a. Implementer: Suan-dong Bando Boraman Mansion Small-scale Reconstruction Maintenance Association
b. Address: 51, Chungnyeol-daero 238beon-gil, Dongnae-gu, Busan, 2nd floor
4. Project implementation period: Within 60 months from the date of business implementation plan approval
5. Date of business implementation plan approval: July 14, 2025
6. Details of the land or building to be acquired or used and details of rights other than ownership: Not applicable
7. Matters regarding the construction plan such as land area, building coverage ratio, floor area ratio, height, and purpose
| Category | Details | Category | Details |
| Land Area | 9,253㎡ | Building Area | 2,210.2292㎡ |
| Building Coverage Ratio | 23.89% | Total Floor Area | 47,453.4914㎡ |
| Floor Area Ratio | 353.22% | Maximum Height | 101.8m |
| Purpose | Residential and neighborhood living facilities | Total | 2 basement levels / 36 floors above |
| Number of Buildings | 2 buildings | Number of Units | 284 units |
8. Scale of housing and housing construction plan
| Supply Category | Number of Buildings | Number of Units | 59.8740㎡ | 84.9058㎡ | 84.9066㎡ | 84.9258㎡ | 102.9242㎡ | 133.5752㎡ | 141.2086㎡ | 155.6122㎡ |
| Total | 2 | 284 | 47 | 58 | 22 | 122 | 32 | 1 | 1 | 1 |
| Sales | 2 | 284 | 47 | 58 | 22 | 122 | 32 | 1 | 1 | 1 |
| Rental | - | - | - | - | - | - | - | - | - | - |
9. Size and supply plan of sales or withheld land
| Supply Category | 59.8740㎡ | 84.9058㎡ | 84.9066㎡ | 84.9258㎡ | 102.9242㎡ | 133.5752㎡ | 141.2086㎡ | 155.6122㎡ | Commercial (㎡) |
| Total | 47 | 58 | 22 | 122 | 32 | 1 | 1 | 1 | 268.32 |
| Land Use Owners | 43 | 55 | 20 | 14 | 24 | 0 | 1 | 1 | 116.38 |
| Withheld Land | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General Supply | 4 | 3 | 2 | 108 | 8 | 1 | 0 | 0 | 151.94 |
10. Matters related to the assignment of maintenance-related facilities: Not applicable
11. Matters related to administrative approvals under other laws
a. Building permits under Article 11 of the Building Act
b. Administrative approval matters under Article 55 of the Special Act on the Maintenance of Vacant Houses and Small-Scale Housing
12. Designation of the urban planning facility project implementer and approval of the implementation plan: Not applicable
Classification
Announcement
Agency Classification
District
Agency
Dongnae-gu
Announcement Number
No. 2025-72
Title
Business implementation plan approval announcement for the small-scale reconstruction project of Bando Boraman Mansion in Suan-dong
Date
2025-07-23
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Frequently Asked Questions (FAQ)
Q. What are the main details of the small-scale reconstruction project of Bando Boraman Mansion in Suan-dong?
The reconstruction plan for two buildings, with 284 units and 2 basement levels and 36 above-ground levels, has been approved at 106-1, Suan-dong, Dongnae-gu.
The small-scale reconstruction project of Bando Boraman Mansion in Suan-dong is located at 106-1, Suan-dong, Dongnae-gu, and will consist of two buildings with a total area of 9,278㎡. It will contain a total of 284 units, with housing types ranging from 59㎡ to 155㎡, offering choices from small to large sizes. The business implementation plan received approval on July 14, 2025, aiming for construction to commence and complete within 60 months.
Q. Who is the construction company for this reconstruction project and what brand will be applied?
DL Construction has been selected as the contractor, and it is likely to apply the ‘e-Comfortable World’ brand.
DL Construction has been chosen as the contractor for this reconstruction project. It is highly likely that they will apply the 'e-Comfortable World' brand, as the association is moving forward with integrated reviews and approval processes quickly, intending to enhance the project’s brand value. After selecting the contractor, they are focused on establishing the management plan and relocation measures to expedite the project.
Q. How will the market price and expected value of the apartments change after reconstruction?
It is expected that the market price will rise significantly due to the new construction premium and brand value increase, compared to the current sale price.
The existing Bando Boraman Mansion is a 180-unit aged complex built in 1984, with current sale prices ranging from approximately 260 million to 310 million won. Once reconstructed and transformed into a 284-unit large complex branded as premium apartments, it is expected that the market price will rise significantly, reflecting both new construction and brand premiums. The actual transaction price of the exclusive 84㎡ unit in the nearby new apartment ‘Dongnae Raemian iPark’ is around 800 million won, which also raises expectations for price increases.
Q. What is the location environment of the project site and what living infrastructure is available?
It is situated in a triple station area, with excellent living infrastructure such as schools and parks nearby.
The Bando Boraman Mansion in Suan-dong is located in a 'triple station area' within walking distance to Suan Station and Nakmin Station of Busan Metro Line 4 and Dongnae Station of the Donghae Line. Accessibility to the city center is also good, and there are excellent schools in the vicinity such as Nakmin Elementary, Suan Elementary, Naeseong Middle School, and Dongnae High School. Additionally, nearby green spaces like Oncheoncheon Waterfront Park and Green Rail Park will create a pleasant living environment.
Q. How was the administrative process regarding the business implementation plan approval conducted?
The business implementation plan was approved on July 14, 2025, and the related announcement was completed on July 23.
The small-scale reconstruction project of Bando Boraman Mansion received the business implementation plan approval on July 14, 2025, and the related announcement was made on July 23 by the mayor of Dongnae-gu. The public review and announcement procedures started on May 25 and were smoothly completed in about two months, laying the groundwork for project advancement.
