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Eomgung Kolon Sky House Demolition in Progress, What is the Schedule for General Sales? / Announcement of the Change in Management and Disposal Plan for Eomgung 1st District Redevelopment Project
- Area of 412 Eomgung-dong, Sasang-gu
The redevelopment project of Eomgung 1st District in Sasang-gu, Busan is becoming more vibrant with the approval of the change in the management and disposal plan. The approval was granted on June 24, and the announcement was made on July 2.
The Eomgung 1st District is set to proceed with the announcement for the maintenance plan and change of maintenance district designation in June 2025, and the results from the Busan City Building Specialist Committee were released on July 1. As a result, preparations for general sales are now underway.
According to the management and disposal plan, the complex will consist of a total of 13 buildings from 5 floors underground to 36 floors above ground, with a total of 1,670 households planned. Among these, 1,061 households will be for general sales, 492 units for cooperative members, 100 units for rental, and 17 units will be reserved.
Additionally, exclusive areas will vary from 29㎡ to 155㎡ to meet diverse demand.
The contractor has been decided as Kolon Global, and the brand name 'Sky House' will be applied. This company has expressed a strong willingness to promote the project by announcing an increase in construction costs to 506.7 billion won.
Currently, demolition is scheduled to begin in February 2025, and the demolition work is nearly complete. After the approval of the change in the management and disposal plan, a project period of 72 months has been set, and the construction and sales processes are becoming clearer. Therefore, it is highly likely that Eomgung Kolon Sky House will be available for sale in the second half of 2025 or the first half of 2026.
Comparable complexes for market price comparison include 'Eomgung The Shop RioMont' located in the nearby Eomgung 3rd District. In the subscription in July 2024, the prices were set at 457 million won for exclusive 59㎡ and 599 million won for 84㎡. These prices exceed the average sales price in Sasang-gu over the past two years and are being used as important reference materials for setting the sales price of Eomgung 1st District.
The location conditions are very excellent. It is close to Nakdong-daero and Sasang IC, making it easy to access the Gimhae Airport Expressway, and it is expected that public transport will be more convenient with the news of the construction of Eomgung Bridge and the establishment of Eomgung Station on Busan Metro Line 5 (planned).
Furthermore, there will be a community facility of about 3,900㎡ and a Eomgung Park of 3,406㎡ within the complex, which will further enhance living convenience. These various factors will contribute to improving the quality of life.
The total project cost is expected to reach approximately 748.4 billion won. Once this project is completed, a landmark 'Sky House' with more than 1,600 households will be built in the West Busan area, leading to improvements in the residential environment and the activation of local commercial areas. Additionally, it is expected that the value of the housing market in West Busan will also increase.
Announcement No. 2025-69 of Sasang-gu, Busan Metropolitan City
Announcement of the Change in the Management and Disposal Plan for Eomgung 1st District Redevelopment Project
Regarding the Eomgung 1st District Redevelopment Project located at 412 Eomgung-dong, Sasang-gu, Busan, which was approved by Announcement No. 2022-6 of Sasang-gu, Busan Metropolitan City (February 9, 2022), the change in the management and disposal plan is approved in accordance with Article 74 of the Urban and Residential Environment Maintenance Act and is announced as follows in accordance with Article 78 (4) of the same law.
July 2, 2025
Mayor of Sasang-gu, Busan Metropolitan City
1. Type and Name of Maintenance Project: Eomgung 1st District Redevelopment Project
2. Location and Area of Maintenance District: Area of 412 Eomgung-dong, Sasang-gu, Busan Metropolitan City (Area of the district: 78,085㎡)
3. Name and Address of the Implementing Entity
a. Name: Eomgung 1st District Housing Redevelopment Maintenance Project Association
b. Address: 35 Nakdongdaero 776beon-gil, 4th Floor, Sasang-gu, Busan
4. Date of Approval of the Change in the Management and Disposal Plan: June 24, 2025
5. Project Period: From the date of approval of the project implementation (change) to 72 months
6. Summary of the Change in the Management and Disposal Plan
a. Land Use Plan (㎡)
| Total Area (㎡) | Sales Land (Subtotal) | Sales | Rental | Commercial | Maintenance Infrastructure (Subtotal) | Road | Park |
| 78,085 | 67,186 | 64,707.8154 | 1,571.1600 | 907.0246 | 10,899 | 5,335 | 5,564 |
b. Scale of Land and Buildings and Construction Plan
| Construction Category | Usage | Land Area (㎡) | Number of Buildings | Number of Floors | Number of Households | Total Built Area (㎡) |
| Residential | Subtotal | 66,278.9754 | 13 Buildings | 5 Floors Underground, 36 Floors Above Ground | 1,670 | 285,948.2359 |
| Sales | | 64,707.8154 | 13 Buildings | 5 Floors Underground, 36 Floors Above Ground | 1,570 | 279,200.3659 |
| Rental | | 1,571.1600 | 1 Building | 5 Floors Underground, 17 Floors Above Ground | 100 | 6,747.8700 |
| Commercial | | 907.0246 | 1 Building | Underground 1st to 2nd Floor within Sales Apartments | 31 | 3,907.8993 |
c. Sales Plan for Sales or Reserved Units
| Target Supply | Total (Units) | Neighborhood Living Facility (㎡) | 29 | 59A1 | 59A2 | 59B | 74A | 74B | 84A | 84B | 84C | 101A | 101B | 133 | 155 | Remarks |
| Total | 1,670 | 100 | 296 | 109 | 29 | 22 | 23 | 608 | 277 | 50 | 76 | 78 | 1 | 1 | 3,907.8993 | |
| Landowners | 492 | - | 88 | 16 | 2 | 16 | 1 | 216 | 2 | 14 | 76 | 61 | - | - | Undetermined | |
| Reserved Facilities | 17 | - | 2 | - | - | - | - | 11 | 4 | - | - | - | - | - | - | |
| General Sales | 1,061 | - | 206 | 93 | 27 | 6 | 22 | 381 | 271 | 36 | - | 17 | 1 | 1 | Undetermined | |
| Rental | 100 | 100 | - | - | - | - | - | - | - | - | - | - | - | - | |
d. There are details of new maintenance infrastructure and parts to be eliminated.
e. The demolition of existing buildings is planned to begin in February 2025.
Classification
Announcement
Agency Division
District
Agency
Sasang-gu
Announcement Number
No. 2025-69
Title
Announcement of the Change in the Management and Disposal Plan for Eomgung 1st District Redevelopment Project
Date
July 2, 2025
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Frequently Asked Questions (FAQ)
Q. When was the change approval of the management and disposal plan for the Eomgung 1st District redevelopment project granted?
The change approval of the management and disposal plan was granted on June 24, 2025.
The change approval of the management and disposal plan for the Eomgung 1st District redevelopment project was officially granted on June 24, 2025. Subsequently, the announcement was made on July 2, completing the legal procedures for the project promotion. Based on this approval, the process for project progression and general sales preparation is being actively carried out.
Q. How many households are there in the Eomgung Kolon Sky House apartment and how many units are for general sale?
It is planned to have a total of 1,670 households, of which 1,061 units will be for general sales.
The Kolon Sky House apartment, being constructed as part of the Eomgung 1st District redevelopment, will consist of 13 buildings from 5 floors underground to 36 floors above ground, with a total of 1,670 units planned. Among these, 1,061 units will be for general sale, with 492 units allocated for cooperative members, 100 units for rental, and 17 units reserved.
Q. When is the sales schedule for the Eomgung Kolon Sky House?
Sales are expected in the second half of 2025 or the first half of 2026.
The demolition work is expected to start in February 2025 and is nearing completion, with construction and sales processes planned to occur within 72 months following the change approval. Thus, it is highly likely that sales for Eomgung Kolon Sky House will take place in the second half of 2025 or the first half of 2026.
Q. Who is the contractor for the Eomgung 1st District redevelopment project and what is the brand name?
The contractor is Kolon Global and the brand name is 'Sky House'.
Kolon Global has been confirmed as the contractor for the Eomgung 1st District redevelopment project, and the apartment brand name has been chosen as 'Sky House'. Kolon Global has publicly announced an increase in construction costs to 506.7 billion won, clarifying their commitment to promoting the project.
Q. What are the location and transportation conditions of the Eomgung Kolon Sky House like?
It is near Nakdongdaero and Sasang IC, and has abundant transportation benefits.
The complex is close to Nakdongdaero and Sasang IC, providing convenient access to the Gimhae Airport Expressway, and with the planned establishment of Eomgung Station on Busan Metro Line 5 and the construction of Eomgung Bridge, public transport accessibility is expected to significantly improve. Furthermore, the surrounding living infrastructure is excellent, leading to high resident convenience.
Q. What is the total project cost of the Eomgung 1st District redevelopment project and what regional effects are anticipated?
The total project cost is approximately 748.4 billion won, and regional commercial activation and residential environment improvement are expected.
The Eomgung 1st District redevelopment project has a total project cost of about 748.4 billion won, and once completed, it will establish a landmark 'Sky House' with more than 1,600 households in the West Busan area. This is expected to lead to improvements in the residential environment, activation of the local commercial area, and enhancement of the housing market value in West Busan.
Q. What criteria are used for determining the sales price of Eomgung 1st District?
Prices are referenced from 'Eomgung The Shop RioMont' in the nearby Eomgung 3rd District.
For the pricing of Eomgung 1st District, the comparative target is 'Eomgung The Shop RioMont' located in the nearby Eomgung 3rd District, where in the subscription of July 2024, prices were set at 457 million won for 59㎡ and 599 million won for 84㎡. These prices surpass the average sales price in Sasang-gu over the past two years and serve as important reference data for the pricing of Eomgung 1st District.
