Table of Contents
Reconstruction of Dongrae Sunflower Apartment, Suan Xi the Stream / Approval Notice of the Management Disposition Plan for the Suan District 1 Reconstruction Project
- Area of 665-1, Suan-dong, Dongrae-gu, site analysis, project feasibility, sales units, sales prices
The Suan District 1 reconstruction project, which is underway at 665-1 Suan-dong, Dongrae-gu, Busan, namely the reconstruction of Dongrae Sunflower Apartment (complex name: Suan Xi the Stream), has recently received approval for the management disposition plan. With this approval, the project has officially moved into the stages of demolition, relocation, and sales, and is expected to contribute significantly to local development.
The approval of this management disposition plan comes two years after the project implementation plan was announced in October 2023, indicating a relatively fast pace of project progress. As a result, it is expected to positively influence future demolition and general sale schedules.
The Suan District 1 reconstruction project is planned to have a total of six buildings, sized from 3 underground floors to 29 above-ground floors, with a total of 710 units, of which 152 units are expected to be sold in the general market. This schedule is anticipated to be a significant milestone for local development.
The sales prices are currently garnering significant attention in the market. The member sales price is set at over approximately 26 million won per pyeong, which is similar to or higher than the nearby market prices.
In this context, the general sale prices are expected to be set even higher, increasing the pressure to secure demand and successfully sell when the time for general sales comes.
The construction company for this project is GS Construction. The company plans to supply it under the name "Suan Xi the Stream," utilizing its brand 'Xi.' GS Construction has experience in carrying out several large-scale maintenance projects in the Busan area, receiving high ratings in quality and brand trustworthiness.
The locational conditions are very promising.
It is a 5-minute walk to Suan Station, and it is easy to transfer to Dongrae Station, making transportation convenient. Additionally, various living infrastructures such as Oncheoncheon walking paths, Dongrae Market, large supermarkets, and department stores are well established. Good schools and medical facilities are also located nearby, which is expected to enhance resident satisfaction.
The approval notice for this management disposition plan signifies an important turning point in which the project progresses beyond a simple administrative procedure to enter the stages of sales and construction. This holds significant implications for the future direction of the upcoming projects.
Busan Metropolitan City Dongrae-gu Notice No. 2025-87
Approval Notice of the Management Disposition Plan for the Suan District 1 Reconstruction Project
Regarding the "Suan District 1 Reconstruction Project" in the area of 665-1 Suan-dong, Dongrae-gu, which was notified by Busan Metropolitan City Dongrae-gu Notice No. 2023-120 (2023. 10. 11.), approval is granted in accordance with Article 74(1) of the Urban and Residential Environment Improvement Act, and this is announced according to Article 78(4) of the Enforcement Decree and Article 13 of the Enforcement Regulations of the same law.
September 10, 2025
Mayor of Dongrae-gu, Busan
1. Type and Name of the Maintenance Project
a. Type: Reconstruction Project
b. Name: Suan District 1 Reconstruction Project
2. Location and Area of the Maintenance Zone
a. Location: Area of 665-1 Suan-dong, Dongrae-gu, Busan
b. Area: 31,356.70㎡
3. Name and Address of the Project Implementer
a. Implementer: Suan District 1 Reconstruction Maintenance Project Association
b. Address: Room 703, Hanil Building, 77 Myunglyun-ro, Dongrae-gu, Busan
4. Date of Management Disposition Plan Approval: September 5, 2025 (Friday)
5. Summary of Management Disposition Plan
a. Land Use Plan
| Area of Maintenance Zone (㎡) | Apartment (㎡) | Recycling Center (㎡) | Road (㎡) |
| 31,356.70 | 29,116.7 | 235.0 | 2,005.0 |
b. Size and Other Details of Building Plan
| Building Plan | Land Area (m²) | Number of Buildings | Number of Floors | Number of Units | Total Built-up Area (m²) |
| Total Housing | 27,989.8837 | 6 buildings | 29 floors | 710 units | 131,783.4353 |
| Sales | 27,989.8837 | 6 buildings | 29 floors | 710 units | 131,783.4353 |
| Lease | - | - | - | - | - |
| Commercial | 1,126.8163 | 3 buildings | 3 floors | - | 4,426.5754 |
c. Size of Sales or Reserved Land and Sales Plan
| Target Supply | Total | 52 | 59A | 59B | 84A | 84B1 | 84B2 | 84C1 | 84C2 | 84C3 | 84D | 107 | 112A1 | 112A2 | 112A3 | 118 | 152 |
| Total | 710 | 51 | 62 | 27 | 240 | 100 | 18 | 18 | 16 | 17 | 28 | 18 | 23 | 24 | 24 | 41 | 3 |
| Land Owners | 556 | 40 | 61 | 27 | 231 | 79 | 17 | 16 | 11 | 5 | 3 | 17 | 7 | 2 | - | 38 | 2 |
| Reserved Facilities | 2 | - | - | - | - | 1 | - | - | - | - | - | - | - | 1 | - | - | |
| General Sale | 152 | 11 | 1 | - | 9 | 20 | 1 | 2 | 5 | 12 | 25 | 1 | 16 | 22 | 23 | 3 | 1 |
| Lease | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
d. Specification of Newly Established or Abolished Maintenance Infrastructure
| Purpose Abolished Maintenance Infrastructure | Size (㎡) | Newly Established Maintenance Infrastructure | Size (㎡) | Implementer | Cost Bearer and Burden Details |
| Road | 1,165.2 | Road-1 | 1,643.1 | Suan District 1 Reconstruction Maintenance Project Association | Free transfer to project implementer/management authority |
| Gutter | 72 | Road-2 | 361.9 | Suan District 1 Reconstruction Maintenance Project Association | Free transfer to project implementer/management authority |
| Total | 1,237.2 | Total | 2,005 | - | - |
e. Scheduled Timing for the Demolition of Existing Buildings
1. Planned Relocation Date: Within 180 days from the date of approval of the management disposition plan
2. Planned Demolition Date: Within 240 days from the planned relocation date
※ The scheduled demolition dates may change or be delayed during project progress and permitting processes.
Classification
Notice
Agency Classification
District
Agency
Dongrae-gu
Notice Number
No. 2025-87
Title
Approval notice for the management disposition plan of the Suan District 1 reconstruction project
Date
September 10, 2025
#Suan District 1, #Suan Xi the Stream, #Reconstruction of Dongrae Sunflower Apartment, #Management Disposition Plan Approval, #Sales Price 26 million won, #Member Sales Price, #General Sale 152 Units, #General Sale Burden, #Busan Reconstruction, #Suan Station District, #Dongrae Station Transfer, #Dongrae Reconstruction, #Suan-dong, #710 Units, #6 Buildings, #29-Story Apartment, #Busan Maintenance Project, #Busan Sale, #Reconstruction Sale, #Living Infrastructure, #Oncheoncheon Living Area, #Dongrae Market, #Busan Residential Area, #Busan Reconstruction Apartments, #Sales Timing Burden, #Project Feasibility, #Nearby Market Prices, #Actual Residential Location, #Reconstruction Opportunities, #Busan Real Estate
Frequently Asked Questions (FAQ)
Q. Where is the Dongrae Sunflower Apartment reconstruction project being carried out?
It is underway at 665-1 Suan-dong, Dongrae-gu, Busan.
The Suan District 1 reconstruction project is being conducted at 665-1 Suan-dong, Dongrae-gu, Busan, which refers to the reconstruction of the Dongrae Sunflower Apartment. The project has officially received approval for the management disposition plan from the Dongrae-gu Office and has entered the stages of demolition, relocation, and sales.
Q. What is the overall scale and number of units in the Suan District 1 reconstruction project?
It consists of a total of 6 buildings, 3 underground floors to 29 above-ground floors, with a total of 710 units.
Suan District 1 is composed of a total of 6 buildings with 3 underground floors and 29 above-ground floors, and the total number of units is 710. Among these, 152 units are destined for general sale, while the remaining units are planned for member sales and other uses.
Q. How are the sales prices determined?
The member sales price is set at approximately 26 million won per pyeong or more.
Currently, the member sales price is set at approximately 26 million won per pyeong or more, which is similar to or slightly higher than nearby market prices. It is highly likely that the general sale price will be set even higher, resulting in pressure to secure demand during the sales period.
Q. Who is the construction company, and what is the brand name?
GS Construction is in charge, and the brand name is 'Suan Xi the Stream.'
The construction company for this reconstruction project is GS Construction, which plans to supply it under the name 'Suan Xi the Stream' using the Xi brand. GS Construction has extensive experience in managing a number of large-scale maintenance projects in the Busan area, and is highly regarded for its quality and brand trust.
Q. How are the location and transportation conditions?
It is a 5-minute walk to Suan Station, and easy transfer to Dongrae Station, with good living infrastructure and educational distribution.
The locational conditions are excellent, just a 5-minute walk to Suan Station, and easy transfer to Dongrae Station, ensuring convenient transportation. In addition, various living infrastructures such as Oncheoncheon walking paths, Dongrae Market, large supermarkets, and department stores are well established, which is expected to enhance resident satisfaction. Additionally, a good school district and medical facilities are located nearby.
Q. What is the significance of the management disposition plan approval and what are the future schedules?
The approval of the management disposition plan is an important turning point for the project to enter the stages of construction and sales.
This approval of the management disposition plan was finalized on September 5, 2025, and signifies an important step in which the project advances beyond mere administrative procedures to enter into the actual sales and construction phases. The anticipated relocation date is within 180 days of the approval date, and the planned demolition date is within 240 days after relocation, but these dates may change.
