Table of Contents
Redevelopment of Hyeopjin Taeyang Mansion, Bugok-dong / Business Plan Approval Announcement for the Small-scale Redevelopment Project at 812-1 Bugok-dong
- Area of 812-1 Bugok-dong, Geumjeong-gu
The implementation plan for the small-scale redevelopment project in the area of 812-1 Bugok-dong has been officially announced. This redevelopment will take place in the Hyeopjin Taeyang Mansion area of Geumjeong-gu, Busan, covering a project area of 7,118㎡. Plans are in place to construct apartments ranging from 4 underground to 20 above ground floors.
The small-scale redevelopment maintenance project association for the area of 812-1 Bugok-dong has been designated as the business operator. The business plan approval date is scheduled for August 11, 2025, and the implementation period is set to within 120 months from the approval date.
Upon reviewing the construction plan, it has been determined that the applicable floor area ratio is 233.86%, and the building coverage ratio is 20.17%. The total floor area is set to approximately 29,528㎡. The maximum height is designed to be 61.45m, including a total of 181 units. These units will consist of various exclusive areas such as 59㎡, 74㎡, and 84㎡. It is noteworthy that the total of 181 units offered for sale will not include rental housing.
According to the sales plan, 88 units are allocated to cooperative members, and 91 units will be sold to the general public. Specifically, 33 units will be type 84㎡, 97 units will be type 74㎡, and 51 units will be type 59㎡. Additionally, approximately 513㎡ of commercial space will be included.
This project gained reliability when HJ Construction was selected as the constructor in July 2022. The Hyeopjin Taeyang Mansion is an old apartment completed in the late 1980s; it is anticipated that this redevelopment will improve living infrastructure and significantly enhance the residential environment of Bugok-dong in Geumjeong-gu.
The area features Jangjeon Station and Bugok Station on Busan Metro Line 1, providing excellent transportation convenience. Furthermore, prestigious educational institutions such as Busan Catholic University and Pusan National University are nearby, offering a strong learning environment. It is expected that after construction, it will become a landmark complex that leads the market price in the area.
Announcement No. 2025-122 by Busan Metropolitan City Geumjeong-gu
Small-scale redevelopment project at 812-1 Bugok-dong
Business Plan Approval Announcement
Regarding the small-scale redevelopment project at 812-1 Bugok-dong, Geumjeong-gu, Busan Metropolitan City, in accordance with Article 29(1) of the Special Act on the Management of Vacant Houses and Small-scale Housing, the business plan has been approved, and it is hereby announced as follows in accordance with Article 29(5) of the same law and Article 6(2) of the enforcement regulations of the same law.
August 20, 2025
Mayor of Geumjeong-gu, Busan Metropolitan City
1. Type and Name of Business
a. Type: Small-scale Redevelopment Project
b. Name: Small-scale Redevelopment Project at 812-1 Bugok-dong
2. Location and Area of the Implementation Zone
a. Location: Area of 812-1 Bugok-dong, Geumjeong-gu, Busan
b. Area: 7,118㎡
3. Name and Address of the Business Operator
a. Business Operator: Small-scale Redevelopment Maintenance Project Association of 812-1 Bugok-dong (Chairperson Kim Gyu-chang)
b. Address: 2nd Floor, 33 Seodong-ro, Geumjeong-gu, Busan
4. Implementation Period: Within 120 months from the date of business plan approval
5. Business Plan Approval Date: August 11, 2025
6. Matters Related to the Building Plan, Such as Site Area, Building Coverage Ratio, Floor Area Ratio, Height, Use, etc.
| Category | Details | Category | Details |
| Site Area | 7,118㎡ | Floor Area Ratio | 233.86% |
| Building Area | 1,435.66㎡ | Building Coverage Ratio | 20.17% |
| Total Floor Area | 29,528.72㎡ | Maximum Height | 61.45m |
| Scale | 4 underground floors, 20 above ground floors | Number of Units | Total 181 residential units / 5 commercial facilities |
| Use | Residential and ancillary facilities, community living facilities | | |
7. Housing Construction Plan including the Scale of Housing
| Supply Type | Number of Buildings | Number of Units | 59A (59.9591㎡) | 59B (59.9663㎡) | 74A (74.8515㎡) | 74B (74.95㎡) | 84A (84.7843㎡) | 84B (84.9944㎡) |
| Total | 3 | 181 | 51 | 59 | 38 | - | 19 | 14 |
| Sales | 3 | 181 | 51 | 59 | 38 | - | 19 | 14 |
| Rental | - | - | - | - | - | - | - | - |
8. Sales Plan regarding the Scale of Sales or Reserved Lots
| Target Supply | Total (Number of Units) | 59 (59.76㎡) | 74A (74.95㎡) | 74B (74.95㎡) | 84A (84.85㎡) | 84B (84.98㎡) | Commercial Area (㎡) |
| Total | 181 | 51 | 59 | 38 | 19 | 14 | 513.29 |
| Landowners | 88 | 39 | 12 | 22 | 13 | 2 | 513.29 |
| General Sale | 91 | 10 | 47 | 16 | 6 | 12 | - |
| Reserved Facilities | 2 | 2 | - | - | - | - | - |
| Rental | - | - | - | - | - | - | - |
9. Matters related to the management infrastructure and ownership of land etc: Not applicable
10. Other related documents: Planning omitted (available at the Architecture Division of Geumjeong-gu, Busan Metropolitan City)
※ The topographical map according to Article 8 of the Basic Land Use Control Act can be viewed at the Land Use website [http://www.eum.go.kr).
Category
Announced
Agency Classification
District
Agency
Geumjeong-gu
Announcement Number
No. 2025-122
Title
Business Plan Approval Announcement for the Small-scale Redevelopment Project at 812-1 Bugok-dong
Date
August 20, 2025
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Frequently Asked Questions (FAQ)
Q. What is the location and area of the Bugok-dong Hyeopjin Taeyang Mansion small-scale redevelopment project?
It will be carried out in the area of 812-1 Bugok-dong, Geumjeong-gu, Busan, covering 7,118㎡.
The small-scale redevelopment project will be implemented in the area of 812-1 Bugok-dong, Geumjeong-gu, Busan, spanning approximately 7,118㎡. This area is considered well-equipped with transportation and educational infrastructure for convenience.
Q. How many floors and units does the Redevelopment Apartment of Hyeopjin Taeyang Mansion have?
It will consist of 4 underground floors and 20 above ground floors, totaling 181 units.
The redevelopment apartment is set to be built from 4 underground floors to 20 above ground floors, incorporating a total of 181 units. Each unit will vary in exclusive area, including 59㎡, 74㎡, and 84㎡, allowing options to suit residential demands. The complex is designed to reach a maximum height of 61.45m.
Q. What are the sales plan and allocated units for cooperative members?
88 units for cooperative members and 91 units for general sale, totaling 181 units in sales.
Out of 181 total units, 88 units will be assigned to cooperative members, and 91 units will be offered for public sale. The exclusive 84㎡ type will include 33 units, 74㎡ type will offer 97 units, and 59㎡ type 51 units are also provided separately. No rental housing units will be included.
Q. Who is the appointed business operator, and what is the duration of the project?
The Bugok-dong 812-1 small-scale redevelopment maintenance project association is designated as the operator, with a duration of 120 months.
The business operator has been designated as the Small-scale Redevelopment Maintenance Project Association of 812-1 Bugok-dong (Chairperson Kim Gyu-chang). The approval date for the business plan is August 11, 2025, and the project must be completed within a maximum of 120 months (10 years) from that date.
Q. What is the construction company for this redevelopment project, and how reliable is it?
HJ Construction has been selected as the construction company, ensuring the reliability of the project.
In July 2022, HJ Construction was selected as the construction company for the redevelopment project of Hyeopjin Taeyang Mansion. The selection of the constructor has strengthened the professionalism and reliability of the project, and it is expected to significantly enhance the living environment by upgrading old apartments with modern facilities.
Q. What is the situation regarding nearby transportation and educational infrastructure? It is located near Jangjeon Station and Bugok Station on Busan Metro Line 1, as well as Busan Catholic University and Pusan National University.
In close proximity, the apartment complex is situated next to Jangjeon Station and Bugok Station on Line 1 of the Busan Subway, providing excellent accessibility. Additionally, prestigious educational institutions like Busan Catholic University and Pusan National University are also nearby leading to a strong learning environment and convenient living infrastructure.
