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Dae Yeon Dong Posco The Shop One Trece / Dae Yeon 8 District Redevelopment Project Implementation Plan Approval Announcement
- Area of Dae Yeon 4-dong, Nam-gu
The redevelopment project in Dae Yeon 8 District, also known as The Shop One Trece, has received approval for its project implementation plan, allowing for its earnest progression. This announcement was finalized on September 5, 2025, and was officially announced on September 10.
In July, public examinations and announcements for the project implementation plan approval and project recognition procedures were conducted, and within just two months, the announcement was made, allowing the project to move forward rapidly. With the redevelopment project gaining momentum, it is expected to have a positive impact on regional development.
This project is a large-scale redevelopment project covering a total area of 192,243.3㎡, which includes 28 buildings of apartments with a structure comprising 7 floors underground and 35 floors above ground. In total, there will be 3,312 units, with exclusive areas ranging from 36㎡ to 171㎡. Of these, 3,110 units are planned for sale, and 202 units are designated for rent.
Posco Construction has been selected as the contractor and will proceed with the project under the name 'The Shop One Trece.' The company has built trust with members by offering attractive financial conditions such as LTV 100% relocation cost guarantee, interest-free business cost loans, optional payment timing for contributions, and discounts on member sales prices. These benefits are expected to greatly assist the members.
The total project cost is estimated to be around 900 billion won, with some experts suggesting it could exceed 1 trillion won. The project has completed the approval for the project implementation plan, and the next steps will include management approval, demolition, groundbreaking, and sales procedures. Although the progress has been somewhat delayed on average thus far, this approval marks a significant turning point for the project. Future progress is highly anticipated.
The site conditions are very favorable. The complex is located about a 10-minute walk from Dae Yeon Station, making it a semi-subway station with excellent accessibility to the city and convenient connections to Gwangandaegyo Bridge and Haeundae. The surrounding area is well-equipped with cultural and green spaces, receiving positive evaluations for its pleasant living environment.
Announcement No. 2025-109 of Nam-gu, Busan Metropolitan City
Announcement of the Project Implementation Plan Approval for the Dae Yeon 8 District Redevelopment Project
Designation of the maintenance area and decision on the maintenance plan according to Busan Metropolitan City Announcement No. 2008-236 (2008.07.02.) and changes in the maintenance area and plan announced through Busan Metropolitan City Announcements No. 2017-397 (2017.12.13.), No. 2021-449 (2021.11.17.), No. 2025-10 (2025.01.15.) concerning Dae Yeon 4-dong, Nam-gu, Busan, area of 1173 for the Dae Yeon 8 District Redevelopment Project, in accordance with Article 50 of the Urban and Residential Environment Maintenance Act, the approval of the project implementation plan is hereby announced according to provisions of Article 10, Paragraph 3 of the implementation rules of the same law.
September 10, 2025
Mayor of Nam-gu, Busan Metropolitan City
1. Type and name of the maintenance project
a. Type: Redevelopment Project
b. Name: Dae Yeon 8 District Redevelopment Project
2. Location and area of the maintenance area
a. Location: Area of Dae Yeon 4-dong, Busan Metropolitan City, 1173
b. Area: 192,243.3㎡
3. Name and address of the project implementer
a. Project implementer: Dae Yeon 8 District Redevelopment Maintenance Project Association
b. Address: 76 Seokpo-ro, Nam-gu, Busan Metropolitan City, 7th floor
4. Duration of the maintenance project: within 120 months from the date of project implementation plan approval
5. Date of project implementation plan approval: 2025. 9. 5.
6. Specifications of the land or buildings to be acquired or utilized, and details of rights other than ownership: Attached
7. Matters related to the construction plan, including land area, building coverage ratio, floor area ratio, height, and purpose
| Category | Details | Category | Details |
| Land Area | 192,243.3㎡ | Building Area | 27,153.39㎡ |
| Building Coverage Ratio | 19.14% | Total Floor Area | 750,158.90㎡ |
| Floor Area Ratio | 258.98% | Maximum Height | 106.30m |
| Use | Residential Complex | Number of Floors | 7 Floors Underground, 35 Floors Above Ground |
| Number of Buildings | 28 Buildings | Number of Units | 3,312 Units |
8. Scale of housing, etc. Housing construction plan
| Supply Classification | Type of Housing | Number of Buildings | Number of Units | Number of Units by Housing Size (Based on Exclusive Area) (Unit:㎡, Units) |
| 36.95(36) | 39.83(39) | 44.23(44) | 52.60(52) | 59.94(59A) | 59.98(59B) | 59.97(59C) | 73.27(73A) | 73.38(73B) | 73.31(73C) | 73.22(73D) | 84.95(84A) | 84.92(84B) |
| 84.70(84C) | 84.68(84D) | 100.87(100A) | 100.37(100B) | 117.56(117) | 133.50(133) | 144.63(PH-144) | 146.40(PH-146) | 150.13(PH-150) | 155.84(PH-155) | 164.87(PH-164) | 171.32(PH-171) | - |
| Total | Apartment | 28 | 3,312 | 19 | 145 | 38 | 13 | 747 | 66 | 205 | 167 | 15 | 167 | 21 | 653 | 76 |
| 121 | 91 | 153 | 413 | 71 | 122 | 2 | 1 | 1 | 1 | 1 | 3 | |
| Sale | Apartment | 26 | 3,110 | - | - | - | 13 | 747 | 66 | 205 | 167 | 15 | 167 | 21 | 653 | 76 |
| 121 | 91 | 153 | 413 | 71 | 122 | 2 | 1 | 1 | 1 | 1 | 3 | - |
| Rental | Apartment | 2 | 202 | 19 | 145 | 38 | - | - | - | - | - | - | - | - | - |
| - | - | - | - | - | - | - | - | - | - | - | - | - |
10. Other Agreed Matters from Laws Regarding Permissions
a. Approval of Business Plan under Article 15 of the Housing Act
b. Building Permit under Article 11 of the Building Act
c. Permission for Conversion of Agricultural Land under Article 34 of the Agricultural Land Act
d. Permission for Land Use under Articles 14 and 15 of the Mountain Management Act
e. Appointment of Project Implementer for Urban Planning Facility Projects under Article 86 of the National Land Planning and Utilization Act and approval of the Implementation Plan for Urban Planning Facility Projects under Article 88 of the same law
f. Consent for Building Permit under Article 6, Paragraph 1 of the Act on Installation and Management of Fire-Fighting Facilities
g. Project Recognition under Article 20 of the Act on Acquisition and Compensation for Land for Public Works
h. Decision on Park Creation Plan under Article 16-2 of the Urban Park and Green Space Act
i. Other Agreed Matters under Article 57 of the Urban and Residential Environment Maintenance Act, etc.
Category
Announcement
Agency Classification
District
Agency
Nam-gu
Announcement Number
2025-109
Title
Announcement of Project Implementation Plan Approval for Dae Yeon 8 District Redevelopment Project
Date
2025-09-10
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Frequently Asked Questions (FAQ)
Q. When was the project implementation plan approval for the Dae Yeon 8 District Redevelopment Project announced?
The project implementation plan approval was confirmed on September 5, 2025, and announced on September 10.
The project implementation plan approval for The Shop One Trece, the redevelopment project in Dae Yeon 8 District, located at 1173 Dae Yeon 4-dong, Nam-gu, Busan, was confirmed on September 5, 2025. It was then officially announced on September 10 by the Mayor of Nam-gu, Busan, marking the start of the actual project. This announcement signifies the completion of the legal approval process for the redevelopment project in accordance with relevant laws.
Q. What is the scale and number of apartment buildings in the Dae Yeon 8 District Redevelopment Project?
Approximate total area of 192,000㎡, 28 buildings with 7 stories underground to 35 stories above ground, consisting of 3,312 units.
The Dae Yeon 8 District Redevelopment Project involves the construction of a large complex of 28 apartment buildings on a total area of 192,243.3㎡, with heights ranging from 7 stories underground to 35 stories above ground. A total of 3,312 units are planned, with exclusive areas varying between 36㎡ and 171㎡. Among these, 3,110 units will be for sale and 202 units will be developed for rental.
Q. What financial benefits does Posco Construction provide to members?
LTV 100% relocation cost guarantee, interest-free business cost loans, optional payment for contributions, and sales price discounts are provided.
Posco Construction, selected as the contractor for the Dae Yeon 8 District Redevelopment Project, offers various trusted financial benefits to members. Specifically, they guarantee a 100% loan rate for relocation costs and provide interest-free loans for project costs. Furthermore, members can freely choose the timing for payment of contributions, and discounts are also applied to member sales prices, alleviating financial burdens.
Q. How is the location condition of the Dae Yeon 8 District apartment complex?
It is a semi-subway station within a 10-minute walk from Dae Yeon station, excellent accessibility to the city and Gwangandaegyo Bridge and Haeundae, with a pleasant cultural and green environment.
The Dae Yeon 8 District Redevelopment complex is located about a 10-minute walk from Dae Yeon Station, making it a semi-subway station with excellent accessibility to the city. Additionally, it is easily connected to Gwangandaegyo Bridge and Haeundae, making transportation convenient. The surrounding area is well-developed with various cultural facilities and green spaces, receiving positive evaluations for its pleasant living environment. These locational advantages create expectations for residential satisfaction and an increase in the value of the complex.
Q. What is the current status of the Dae Yeon 8 District Redevelopment Project, and what is the scale of the project cost?
The project implementation plan approval has been completed, and the total project cost is approximately 900 billion won, with potential to exceed 1 trillion won.
Currently, the Dae Yeon 8 District Redevelopment Project has completed the project implementation plan approval phase, and management approval, demolition, construction, and sales procedures are scheduled next. The progress so far seems to have been somewhat delayed on average, but this approval marks the start of earnest efforts for the project. The total project cost is expected to be around 900 billion won, but some experts have mentioned the possibility of it exceeding 1 trillion won. If the remaining procedures proceed smoothly, it is expected to positively impact regional development.
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