Table of Contents
- Notice of the decision on the maintenance plan for the redevelopment project in Manjeong 2 District and the designation of the maintenance area (draft), and announcement of the public consultation and briefing session for residents
- Notice No. 2025-935 of Buk-gu, Busan
- Frequently Asked Questions (FAQ)
Notice of the decision on the maintenance plan for the redevelopment project in Manjeong 2 District and the designation of the maintenance area (draft), and announcement of the public consultation and briefing session for residents
- Area of 858 Manjeong-dong, Buk-gu
The maintenance plan for the redevelopment project in the vicinity of 858 Manjeong-dong, Buk-gu, Busan has been decided, and designated as a maintenance area.
The public consultation will be held from August 27 to September 26, and a briefing session for residents is scheduled to take place on September 5 at Manjeong Library. Resident participation is encouraged.
Manjeong 2 District has a total area of 49,398㎡ and is divided into multi-family housing, facilities for the elderly, and a neighborhood center. According to the construction plan, the building coverage ratio is set to be below 30%, the floor area ratio below 231%, and the maximum height below 75m.
In particular, more than 40% of the total units are planned to have a dedicated area of 85㎡ or less, and more than 10% will be supplied as rental housing. Additionally, for the convenience of residents, a public parking with an area of 3,070㎡ is included under the park.
Currently, specific information about the area has not been confirmed, but the anticipated scope is as above. The exact area can only be confirmed after the designation of the maintenance area is officially announced.
In particular, the location of Manjeong 2 District has similar characteristics to that of the Baegyangsan Bestium Eco Forest Apartments and the Baegyang DI East complex. A natural environment that allows views of Baegyangsan is a common feature of these complexes. Although it is not included in the Manjeong Station area, proximity to the Manjeong Cho-eup Tunnel and the soon-to-be-opened Centum-Manjeong Tunnel is expected to improve future transportation conditions.
One limitation of this redevelopment project is that it has relatively low visibility due to its location on Gobaewi Hill. This has resulted in a lack of information and neglect from potential investors. However, once the maintenance plan is finalized, the viability of the project may be reassessed in connection with the surrounding living zones. This opportunity is expected to shed new light on Manjeong 2 District and create a chance for development.
When analyzing the viability of the project, the total revenue is estimated to be around 384.2 billion won, with the total project cost estimated at about 62.9 billion won. The total of the original assets is about 447.3 billion won, and the proportion rate is calculated at 100.37%. This suggests that stable project progress can be achieved during the allocation of member rights and pricing.
The redevelopment of Manjeong 2 District is expected to have a positive impact on the improvement of the residential environment and an increase in real estate value in the Deokcheon and Manjeong areas, thanks to transportation improvements and a nature-friendly location.
Moreover, active redevelopment is being promoted in the Manjeong and Deokcheon areas, which is anticipated to contribute significantly to regional development.
Notice No. 2025-935 of Buk-gu, Busan
Decision on the maintenance plan for the redevelopment project in Manjeong 2 District and designation of maintenance area (draft)
Announcement of public consultation and briefing session for residents
For the redevelopment project in Manjeong 2 District, located in the vicinity of 858 Manjeong-dong, Buk-gu, Busan, the maintenance plan has been decided and designated as a maintenance area according to Article 15 of the "Urban and Residential Environment Maintenance Act" and Article 13 of its enforcement ordinance. A public consultation will be conducted as follows to listen to resident opinions, so those who have opinions are urged to submit their written opinions to the Buk-gu Architecture Division during the consultation period.
August 27, 2025
Mayor of Busan Buk-gu
1. Overview of the briefing session
a. Date: September 5, 2025 (Friday) 5:00 PM
b. Location: Multi-purpose room, 3rd floor, Manjeong Library (26 Eungaenamu-ro, Buk-gu, Busan)
c. Attendees: Landowners and stakeholders
d. Content: Explanation of the maintenance plan decision and designation of the maintenance area (draft)
2. Overview of the public consultation
a. Consultation period: August 27, 2025 - September 26, 2025
b. Consultation location: Redevelopment team, Buk-gu Architecture Division (☎309-4614)
[587 Sasaeng-ro, Buk-gu, 3rd floor Architecture Division (Gupo-dong)]
(Tentative) Office of the Manjeong 2 District Redevelopment Project Preparatory Committee
[3 Eunhaengnamuro, Buk-gu, 4th floor (Manjeong-dong)]
c. Public consultation contents
1) Maintenance area designation document
| Designation Type | Project Classification | Area Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Manjeong 2 Redevelopment Project Maintenance Area | Area of 858 Manjeong-dong, Buk-gu | 49,398 | - |
2) Decision on the maintenance plan
a) Land use plan
| Category | Name | Area (㎡) | Ratio (%) | Remarks |
| Total | 49,398 | 100.0 | - | |
| Maintenance Facilities etc. | Subtotal | 13,246 | 26.8 | - |
| Road | 7,579 | 15.3 | - | |
| Park | 4,017 | 8.2 | - | |
| Parking Lot | (4,017) | (8.2) | Overlapping Decision under Park | |
| Neighborhood Center | 1,150 | 2.3 | Public Use Facility | |
| Facilities for the Elderly | 500 | 1.0 | Public Use Facility | |
| Plots | Subtotal | 36,152 | 73.2 | - |
| Multi-family Housing Site (1-1) | 36,152 | 73.2 | - | |
A plan for a public walking path within the multi-family housing site has been established.
The path width is set at 6m, with a length of 78m.
This plan is carried out in accordance with the land use zoning.
| Category | Area (㎡) | Ratio (%) | Remarks | |||
| Currently | Change | After Change | ||||
| Total | 49,398 | - | 49,398 | 100.0 | - | |
| Residential Area | Subtotal | 49,398 | - | 49,398 | 100.0 | - |
| Second Class General Residential Area | 49,398 | -49,398 | - | - | - | |
| Third Class General Residential Area | - | +49,398 | 49,398 | 100.0 | - | |
d) Estimated contribution amount and basis for each landowner
| Estimated Contribution Amount | Estimated Total Revenue | Estimated Total Cost | Estimated Total Original Assets | Estimated Proportion Rate |
| 447,373,644,000 won | 384,272,020,000 won | 62,870,345,000 won | 100.37% | |
| Basis for Calculation | ◦Estimated total assets = Sum of estimated total assets for each landowner ◦Estimated proportion rate = (Estimated total revenue - Estimated total cost) / Estimated total assets ◦Contribution for each landowner = Attribution price - Contribution price | |||
※ The above estimates of total assets and individual contributions may change based on future management plans.
d) Plans regarding the primary use, building coverage ratio, floor area ratio, and height of buildings
| Category | Area Category | Household or Plot Classification | Location | Primary Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||
| New | Manjeong 2 Redevelopment Project Maintenance Area | 49,398 | 1-1 | 36,152 | Area of 858 Manjeong-dong, Buk-gu | Multi-family Housing and Auxiliary Welfare Facilities | Below 30% | Below 231% | Below 75m | - | ||||||||||||||||
| 2-1 | 500 | Area of 851 Manjeong-dong, Buk-gu | Facilities for the Elderly | Below 50% | Below 230% | Below 30m | - | |||||||||||||||||||
| 2-2 | 1,150 | Area of 866-2 Manjeong-dong, Buk-gu | Neighborhood Center | Below 50% | Below 230% | Below 30m | Manjeong Neighborhood Center | |||||||||||||||||||
| Scale and Construction Ratio of Housing | ◦At least 40% of the total number of housing units will be constructed below 85㎡ | |||||||||||||||||||||||||
| About Rental Housing Construction | ◦At least 10% of the total number of housing units will be constructed as rental housing ◦30% or more of the total number of rental housing units or more than 5% of the total number of housing units will be constructed as rental housing with an area of 40㎡ or less | |||||||||||||||||||||||||
| Application of Relaxation Criteria for Floor Area Ratio | ◦Application of standard floor area ratio assessment criteria and relaxation criteria according to the "2030 Basic Urban and Residential Environmental Maintenance Plan of Busan (Revised)" ◦Standard floor area ratio calculation: 200% (redevelopment project in scenic management area) | |||||||||||||||||||||||||
| Classification | Assessment Criteria Score | ⇨ | Assessment Criteria Points | Land Use | Standard Floor Area Ratio | |||||||||||||||||||||
| Manjeong 2 District | 30 points | Below 30 points | Scenic Management | 200% | ||||||||||||||||||||||
| ◦Relaxation of the floor area ratio applies ◸ Calculation of public interest factors incentive: 20% application - If a public facility site is provided, the floor area ratio incentive: 20.01% = 1.5 × (offered area ÷ area after offering) × 200% = 1.5 × (2,412㎡ ÷ 36,152㎡) × 200% = 20.01% ※ Apply 3,070㎡ for public parking installation under the park ◸ Regional economic activation incentive: 11% (subcontracting 6%, designer 5%) ◦Permitted floor area ratio: 200% + 31% = 231% ◦Planned floor area ratio: below 231% | ||||||||||||||||||||||||||
e) Other matters: Refer to the consultation document
f) Consultation document: omitted from publication (kept at the consultation location)
g) Method of submission of opinions: Submit a written opinion to the Buk-gu Architecture Division during the consultation period [Refer to attached documents]
Classification
Notice
Agency Classification
District
Agency
Buk-gu
Announcement No.
2025-935
Title
Notice of the decision on the maintenance plan for the redevelopment project in Manjeong 2 District and announcement of the public consultation and briefing session for residents
Date
August 27, 2025
#Manjeong2Redevelopment, #ManjeongRedevelopment, #BukguRedevelopment, #BusanRedevelopment, #Manjeong2District, #RedevelopmentMaintenancePlan, #ResidentBriefingSession, #PublicConsultation, #ManjeongRealEstate, #BusanBukgu, #BaegyangsanBestium, #BaegyangDIeast, #ManjeongChoEupTunnel, #CentumManjeongTunnel, #ManjeongStationArea, #BusanReconstructionRedevelopment, #UrbanMaintenanceProject, #ImprovementOfLivingEnvironment, #BusanRealEstate, #RedevelopmentInvestment, #NewApartmentsInBusan, #ManjeongRealEstateInvestment, #RentalHousing, #PublicParking, #LivingEnvironmentMaintenance, #BusanUrbanPlanning, #BukguManjeong, #RedevelopmentViability, #BusanApartments, #RedevelopmentNews
Frequently Asked Questions (FAQ)
Q. What is the period for the designation of the maintenance area for the Manjeong 2 District redevelopment project and public consultation?
The designation of the maintenance area for Manjeong 2 District will take place from August 27 to September 26, 2025, during the public consultation.
The maintenance plan for the redevelopment project in the vicinity of 858 Manjeong-dong, Buk-gu, Busan has been decided and designated as a maintenance area. Accordingly, a public consultation will be conducted from August 27 to September 26, 2025, allowing residents to check the project plan and submit their opinions. Consultation locations are prepared at the Buk-gu Architecture Division and the office of the Manjeong 2 District Redevelopment Project Preparatory Committee.
Q. When and where will the briefing session for the Manjeong 2 District redevelopment project be held?
The briefing session will be held on September 5, 2025, in the multi-purpose room on the 3rd floor of Manjeong Library.
The briefing session related to the Manjeong 2 District redevelopment project will take place on September 5, 2025 (Friday) at 5 PM in the multi-purpose room on the 3rd floor of Manjeong Library, located in Buk-gu, Busan. Details about the decision on the maintenance plan and the designation of the maintenance area (draft) will be explained, and opinions from landowners and stakeholders will be collected. Participation from interested residents is anticipated.
Q. What are the main contents of the architectural plan for the Manjeong 2 District redevelopment project?
Building coverage ratio below 30%, floor area ratio below 231%, maximum height 75m, and securing housing area and rental housing are key points.
Manjeong 2 District is planned to cover a total area of 49,398㎡, divided into multi-family housing, facilities for the elderly, and neighborhood centers. According to the architectural plan, the building coverage ratio is set below 30%, the floor area ratio below 231%, and the maximum height below 75m. Over 40% of the total units are planned to have a dedicated area of 85㎡ or less, and more than 10% will be supplied as rental housing. Additionally, a public parking lot of 3,070㎡ will be built for resident convenience.
Q. What are the location and transportation conditions for the Manjeong 2 District redevelopment project?
It offers views of Baegyangsan, and improvements in transportation are expected near the Manjeong Cho-eup Tunnel and the Centum-Manjeong Tunnel.
Manjeong 2 District has a nature-friendly location similar to that of the Baegyangsan Bestium Eco Forest Apartments and the Baegyang DI East complex. It offers views of Baegyangsan, and while it is not part of the Manjeong Station area, proximity to the Manjeong Cho-eup Tunnel and the soon-to-open Centum-Manjeong Tunnel is expected to improve future traffic conditions. However, its location on a steep hill has limited visibility, resulting in a lack of attention until now. However, once the maintenance plan is finalized, the project's viability may be reassessed in connection with surrounding areas.
Q. How is the viability and economic impact of the Manjeong 2 District redevelopment project assessed?
Total revenue is estimated at about 384.2 billion won, total cost about 62.9 billion won, positively affecting real estate value.
According to analysis, the total revenue of the Manjeong 2 District redevelopment project is estimated to be around 384.2 billion won, while the total cost is estimated at approximately 62.9 billion won. The total estimated original assets amount to about 447.3 billion won, with a proportion rate of 100.37%, indicating stable project progress. The transportation improvements and pleasant environment are expected to positively influence the residential environment and increase real estate value in the area, contributing significantly to the revitalization of the redevelopment in the Manjeong and Deokcheon areas.
