Table of Contents
Announcement of the Resident Explanation Meeting and Public Review for the Maintenance Plan Decision and Designation of Maintenance Area (Proposed) for the Yeonji 4 Redevelopment Project
- Area around 71-15 Yeonji-dong, Busanjin-gu, location, site analysis, business feasibility
The Yeonji 4 Redevelopment Project in Busanjin-gu is set to commence in earnest. The Busanjin District Office has established a maintenance plan for the area around 71-15 Yeonji-dong and has prepared a draft for the designation of the maintenance area.
The public review will take place from October 29, 2025 to November 28, 2025, during which residents can check the plans and share their opinions. Additionally, a resident explanation meeting is scheduled to be held on Wednesday, November 12 at 6 PM in the main auditorium of the Busanjin District Office.
This maintenance area covers an area of 72,779㎡, and a portion of the second type of general residential area will be converted to a third type. The floor area ratio is set at 271% or less, the building coverage ratio is at 50% or less, and the maximum building height is limited to 106m. The multi-family housing site will comprise approximately 63.8% of the total area at about 46,423㎡, and will be developed into two phases: Phase 1 (21,760㎡) and Phase 2 (24,663㎡).
According to project estimates, the total revenue is expected to be 574 billion won, total project cost is expected to be 210.6 billion won, and the residual asset value is projected at around 198 billion won. The proportional rate is calculated at 105.16%, and adjustments to the distribution size, price, and project costs will be made during the approval process for the business implementation plan and management disposal plan. Therefore, the specific direction of the project's progress may change.
Yeonji 4 area, formerly known as Yeonji 5 area (provisional), completed its preliminary feasibility review in November 2022. The resident consent rate for this area is reported to exceed 70%.
The development is planned to consist of a total of 1,300 households, with approximately 550 households as union members. Nearby, there is a large development project called Yeonji Raemian Urban Park with around 2,600 households, and other large-scale development projects such as the Citizen Park Promotion District and the Yeonji 3 Redevelopment are also underway.
These developments are expected to make a significant contribution to regional growth.
The area boasts excellent transport convenience, with nearby transfer centers like Bujeon Station and the rapid BuTX railway. Living in this neighborhood allows easy access to the Seomyeon living area and convenient walking distance to elementary schools, making the residential environment very high-quality. Notably, some households located north of Citizen Park will have the opportunity to enjoy views of the park.
This resident explanation meeting marks the official start of the permitting procedures for the Yeonji 4 redevelopment. During the public review period, various opinions from the residents will be collected to establish the final maintenance plan.
Public Announcement No. 2025-1351 of Busan Metropolitan City, Busanjin-gu
Announcement of the Resident Explanation Meeting and Public Review for the Maintenance Plan Decision and Designation of Maintenance Area (Proposed) for the Yeonji 4 Redevelopment Project.
The public review of the Yeonji 4 Redevelopment Project's maintenance plan decision and designation of maintenance area (proposed) at 71-15 Yeonji-dong, Busanjin-gu, will be conducted in accordance with Article 15 of the Urban and Residential Environment Maintenance Act and Article 13 of its Enforcement Decree as follows. If you have any opinions, please submit them in writing to the Architecture Department of Busanjin District Office during the review period.
October 29, 2025
Mayor of Busanjin-gu, Busan Metropolitan City
1. Overview of the Resident Explanation Meeting
a. Date and Time:
November 12, 2025 (Wednesday) 18:00
b. Location:
Main Auditorium, Basement of Busanjin District Office [30 Simin Park-ro, (Buam-dong)]
c. Participants:
Landowners and residents, etc.
d. Content:
Explanation of the maintenance plan decision and designation of maintenance area (proposed)
2. Overview of the Public Review
a. Period:
October 29, 2025 (Wednesday) ~ November 28, 2025 (Friday) (31 days)
b. Location:
Busanjin District Office, 8th Floor, Architecture Department (☎051-605-8582)
c. Review Content
1) Records of designation of the maintenance area
| Classification | Type of Project | Name of the Area | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Yeonji 4 Redevelopment Project Maintenance Area | Area around 71-15 Yeonji-dong, Busanjin-gu | 72,779.0 | - |
2) Decision on the Maintenance Plan
a) Estimated Contribution Amount and Calculation Basis per Landowner
| Estimated Contribution Amount | Estimated Total Income | Estimated Total Project Cost | Estimated Total of Residual Assets | Estimated Proportional Rate |
| 795,587,983,300 won | 574,064,682,980 won | 210,660,340,000 won | 105.16% | |
| Calculation Basis | ㆍEstimated Total of Residual Assets = Sum of estimated residual assets per landowner ㆍEstimated Proportional Rate = (Estimated Total Income - Estimated Total Project Cost) / Estimated Total of Residual Assets ㆍEstimated Contribution Amount per Landowner = Sale price for members - Right value | |||
The estimated amounts may change according to adjustments to the distribution size during the project implementation and management planning approval process or subsequent evaluations, the determination of general sale prices, changes in project costs, etc.
In addition, plans regarding land use zones or districts may also influence these changes, so caution is required.
| Classification | Area (㎡) | Proportion (%) | Remarks | ||
| Existing | Change | After Change | |||
| Total | 72,779.0 | - | 72,779.0 | 100.0 | - |
| 2nd Class General Residential Area | 37,447.0 | Reduction) 18,379.0 | 19,068.0 | 26.2 | - |
| 3rd Class General Residential Area | 34,666.0 | Increase) 18,379.0 | 53,045.0 | 72.9 | - |
| General Commercial Area | 666.0 | - | 666.0 | 0.9 | Fire Protection District |
d) Land Use Plan
| Classification | Name | Area (㎡) | Ratio (%) | Remarks | |||
| Land for Urban Management Plan | Total | 72,779.0 | 100.0 | ||||
| 2nd Class General Residential Area | 19,068.0 | 26.2 | |||||
| 3rd Class General Residential Area | 53,045.0 | 72.9 | Partially from 2nd Class to 3rd Class | ||||
| General Commercial Area | 666.0 | 0.9 | |||||
| Urban Management Plan District | Fire Protection District | 666.0 | 0.9 | ||||
| Residential Lots and Maintenance Infrastructure (Urban Planning Facilities) | Total | 72,779.0 | 100.0 | ||||
| Multi-family Housing | 46,423.7 | 63.8 | |||||
| Phase 1 | 21,760.0 | 29.9 | |||||
| Phase 2 | 24,663.7 | 33.9 | |||||
| Religious Facilities | 1,580.0 | 2.2 | |||||
| Maintenance Infrastructure (Urban Planning Facilities) | 24,775.3 | 34.0 | |||||
| Park | 5,256.0 | 7.2 | Duplication Decision | ||||
| [Parking Lot] | [3,181.0] | [4.3] | Some duplication of park base determination | Total Parking A=3,244.2㎡ | |||
| Parking Lot | 63.2 | 0.1 | Parking lot entry and exit | ||||
| Road | 19,456.1 | 26.7 | |||||
e) Plans Regarding the Main Purpose of Buildings, Building Coverage Ratio, Floor Area Ratio, Height, etc.
| Classification | Area Classification | Subdivision of Households or Lots | Location | Main Purpose | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||||||||||||||||||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||||||||||||||||||
| New Establishment | Yeonji 4 Redevelopment Project Maintenance Area | 72,779.0 | 1-1 | 21,760.0 | Area around 34-9 Yeonji-dong, Busanjin-gu | Multi-family housing and ancillary facilities | 50 or less | 271 or less | 106 or less | |||||||||||||||||||||||||||||||||
| 1-2 | 24,663.7 | Area around 37-14 Yeonji-dong, Busanjin-gu | Multi-family housing and ancillary facilities | 50 or less | 271 or less | 103 or less | ||||||||||||||||||||||||||||||||||||
| 1-4 | 1,580.0 | Area around 27-1 Yeonji-dong, Busanjin-gu | Religious Facility | 60 or less | 200 or less | 20 or less | ||||||||||||||||||||||||||||||||||||
| Scale and Construction Rate of Housing | ∙ More than 40% of the total number of constructed households must be built under 85㎡ | |||||||||||||||||||||||||||||||||||||||||
| Matters Related to the Construction of Rental Housing | ∙ At least 10% of the total number of constructed households must be built as rental housing. ∙ 30% or more of the number of rental housing units or more than 5% of the total number of constructed units must be constructed as rental housing under 40㎡ | |||||||||||||||||||||||||||||||||||||||||
| Application of Floor Area Ratio Relaxation Standards | ∙ Apply the standards for evaluating the basis floor area ratio and relaxation standards according to the "2030 Basic Plan for Urban and Residential Environment Maintenance" ∙ Standard Floor Area Ratio Calculation: 240% (residential improvement district) | |||||||||||||||||||||||||||||||||||||||||
| Classification | Evaluation Standard Score | Evaluation Standard Points | Land Use | Standard Floor Area Ratio | ||||||||||||||||||||||||||||||||||||||
| Yeonji 4 Area | 64 | Below 50-80 points | Residential Improvement District | 240% | ||||||||||||||||||||||||||||||||||||||
| ∙ Calculation of Floor Area Ratio Relaxation (Incentive) ① Public Good Factors Incentive: Provision of Public Facility Site ※ Area of provided public facilities: 3,844.5㎡, After provision area: 46,423.7㎡ - Incentive: [1.5×(3,844.5㎡÷46,423.7㎡)]×200% = 24.8% (Actual application 20%) ② Local Status Incentive: Activation of Local Economy - Incentive: Designer 5% ③ Additional Incentive: Sustainable (Remodeled) Multi-family Housing - Incentive: 5% ④ Additional Incentive: Green Building (Excellent - Green Grade 2) - Incentive: 3% ∙ Calculation of Permissible Floor Area Ratio - 240% + 20% + 5% + 5% + 3% = 273% ∙ Planned Floor Area Ratio: 271% or less | ||||||||||||||||||||||||||||||||||||||||||
Additional Remarks: Refer to the public announcement materials
3. Public Announcement Materials:
Publication omitted (available at public review site)
4. Method of Submitting Opinions:
Please submit written opinions using the attached public opinion form to the Architecture Department of Busanjin District Office within the public review period.
Classification
Notice
Institution Category
District
Agency
Busanjin-gu
Notice No.
No. 2025-1351
Subject
Announcement of the Resident Explanation Meeting and Public Review for the Maintenance Plan Decision and Designation of Maintenance Area (Proposed) for the Yeonji 4 Redevelopment Project
Date
October 29, 2025
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Frequently Asked Questions (FAQ)
Q. When and where will the resident explanation meeting for the Yeonji 4 redevelopment project be held?
The resident explanation meeting will be held on November 12, 2025, at 6 PM in the main auditorium on the basement floor of the Busanjin District Office.
The resident explanation meeting concerning the Yeonji 4 redevelopment project will be held on Wednesday, November 12, 2025, at 6 PM in the main auditorium on the basement floor of the Busanjin District Office. Detailed explanations regarding the maintenance plan decision and designation of the maintenance area (proposed) will be given, and opinions from landowners and residents will be collected. Residents will have the opportunity to attend the meeting and directly hear the explanations and resolve their inquiries.
Q. What are the dates and location for the public review?
The public review will take place from October 29 to November 28, 2025, at the 8th Floor Architecture Department of the Busanjin District Office.
The public review of the maintenance plan decision and designation of the maintenance area (proposed) for the Yeonji 4 redevelopment project will be conducted from October 29, 2025, to November 28, 2025, for about a month. The review location is the 8th Floor Architecture Department of the Busanjin District Office, where residents can review the relevant documents and submit opinions in writing during the public review period. The review documents include the records of the designation of the maintenance area, estimated contribution amounts per land, land use plans, and building plans.
Q. What are the main plans and scale of the Yeonji 4 redevelopment project?
A total area of 72,779㎡, planned to develop approximately 1,300 households in two phases of multi-family housing.
The Yeonji 4 redevelopment project will take place over an area of 72,779㎡, located around 71-15 Yeonji-dong, Busanjin-gu. Some areas will transition from the second type of general residential area to the third type, with a floor area ratio expected to be 271% or less, a building coverage ratio at 50% or less, and a maximum building height of 106m. Approximately 63.8% of the total site, or about 46,423㎡, will be dedicated to multi-family housing, divided into Phase 1 (21,760㎡) and Phase 2 (24,663㎡), and is expected to comprise a total of 1,300 households (around 550 for union members).
Q. What are the expected costs and revenues for the redevelopment project?
Estimated total project cost of about 210.6 billion won and total revenue of 574 billion won, with a proportional rate of about 105.16%.
Analysis of the Yeonji 4 redevelopment project's feasibility indicates that the estimated total project cost will be approximately 210.6 billion won, with expected total revenue reaching 574 billion won. The expected residual assets are estimated at around 198 billion won, and the proportional rate is calculated at 105.16%. However, this figure may be adjusted based on changes in distribution size, pricing, and project costs during the implementation and management disposal plan approval processes.
Q. What are the locational advantages of the Yeonji 4 redevelopment project?
Excellent living environment near Bujeon Station transfer center and BuTX rapid railway, with easy access to Seomyeon living area and elementary schools within walking distance.
The Yeonji 4 area boasts excellent transportation accessibility with nearby facilities such as the Bujeon Station transfer center and BuTX rapid railway. It is conveniently located within the Seomyeon living area, making it easy to access various amenities and with an elementary school within walking distance, thus providing an excellent educational environment. Particularly, households adjacent to the north side of Citizen Park will have the opportunity to enjoy views of the park, offering a premium residential environment.