Table of Contents
Announcement of the decision on the maintenance plan and designation of the maintenance area for the Deokcheong 3 District redevelopment project
- The area of Deokcheon-dong 419-20, Bukgu, includes the site map, location, project viability, and the number of households.
The Deokcheong 3 District redevelopment project, located at 419-20 Deokcheon-dong, Bukgu, Busan, has officially announced the decision on its maintenance plan and designation of the maintenance area through Announcement No. 2025-414. This announcement was made about five months after the residents' information session held in May this year.
According to the recently announced statement, the area of the maintenance district is 80,254㎡, with all zones designated as type 3 general residential areas, marking the beginning of improvements in the residential environment. The land development and apartment sites account for approximately 77.4% of the total area, amounting to 62,075㎡.
The floor area ratio is limited to 271%, with a maximum building height of 105m. Additionally, regarding financial aspects related to the project, total revenue is expected to be about 953 billion won, and the total project cost is estimated to be around 730 billion won, with the total value of assets expected to be approximately 221.7 billion won. These plans are anticipated to positively impact regional development.
Nearby Suksung Station on Busan Subway Line 3 boasts an excellent location. It offers convenient access to main roads, including Mandukdaero, Gupo-daero, and Gwangmun-daero, enhancing transportation convenience. The area includes a variety of convenience facilities such as Newcore Outlet, Deokcheon Market, and Megamart, and educational institutions such as Deokcheon Middle School and Yangcheon Elementary School are also nearby, contributing to a favorable living environment. Notably, the recent competition for the large brand apartment 'Hanwha Foreena Busan Deokcheong 3rd Phase' highlights the region's strong demand.
The project has completed preliminary feasibility studies and gathered resident feedback before the designation announcement. The residents' information session is scheduled to take place in May 2025. Following this, processes such as finalizing the maintenance plan, approving the establishment of the association, and selecting construction companies will remain. Therefore, specific details regarding the number of households, selection of the construction company, and general sales volume have yet to be determined.
This announcement will serve as a cornerstone for the maintenance of the aged residential area and improvements to infrastructure. As the project progresses, interest in the feasibility of the project and changes to the local residential environment is expected to increase.
Additionally, redevelopment projects for Deokcheon 1 and Deokcheon 2 are also actively underway in the surrounding areas.
Busan Metropolitan City Announcement No. 2025-414
Announcement of the decision on the maintenance plan and designation of the maintenance area for the Deokcheong 3 redevelopment project
1. Regarding the Deokcheong 3 redevelopment project's maintenance area located at 419-20 Deokcheon-dong, Bukgu, Busan, this announcement is made in accordance with Article 16 of the Urban and Residential Environment Maintenance Act for the decision on the maintenance plan and designation of the maintenance area, as well as the publication of the topographical map in accordance with Article 8 of the Basic Land Use Regulation Act and Enforcement Decree Article 7.
2. Relevant documents (available at "http://www.eum.go.kr") are stored at the Urban Maintenance Division of Busan Metropolitan City (☎ 051-888-4234) and the Building Division of Bukgu (☎ 051-309-4612) for public inspection.
October 29, 2025
Mayor of Busan Metropolitan City
I. Designation of the maintenance area and decision on the maintenance plan
1. Designation of the redevelopment project's maintenance area
| Designation Type | Project Type | Area Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Deokcheong 3 Redevelopment Project Maintenance Area | Area of 419-20 Deokcheon-dong, Bukgu | 80,254 |
2. Redevelopment Project Maintenance Plan
○ Plan related to land use
| Type | Name | Area (㎡) | Ratio (%) | Remarks | |
| Urban Management Plan District | Total | 80,254 | 100.0 | ||
| Type 3 General Residential Area | 80,254 | 100.0 | Change from Type 2 to Type 3 | ||
| Urban Management Plan District | - | ||||
| Land and maintenance infrastructure (Urban planning facilities) | Total | 80,254 | 100.0 | ||
| Land Development | 62,075 | 77.4 | |||
| Multi-family Housing | 62,075 | 77.4 | |||
| Maintenance Infrastructure (Urban Planning Facilities) | 18,179 | 22.6 | |||
| Road | 12,879 | 16.0 | |||
| Cultural Facility | 400 | 0.5 | |||
| Park | 4,900 | 6.1 | |||
○ Plan regarding changes to land use and districts
| Classification | Area (㎡) | Ratio (%) | Remarks | ||
| Before | Change | After Change | |||
| Total | 80,254 | - | 80,254 | 100.0 | |
| Type 2 General Residential Area | 80,254 | Decrease) 80,254 | - | - | |
| Type 3 General Residential Area | - | Increase) 80,254 | 80,254 | 100.0 | |
■ Statement of reasons for changing land use districts
| Map Indication Number | Location | Land Use District | Area (㎡) | Floor Area Ratio | Reason for Change | |
| Before | Change | |||||
| - | Area of 419-20 Deokcheon-dong, Bukgu | Type 2 General Residential Area | Type 3 General Residential Area | 80,254 | Below 300% | · The site is an area with concentrated aging and deteriorating buildings, requiring improvements to the residential environment and infrastructure maintenance; therefore, it is necessary to change the land use area to Type 3 General Residential Area for efficient land use. |
○ Estimated contribution amount and basis for each landowner
| Estimated Contribution Amount | Estimated Total Revenue | Estimated Total Expense | Estimated Total Asset Value | Estimated Proportion Rate |
| 953,039,221,320 won | 729,966,889,749 won | 221,725,307,270 won | 100.00 % | |
| Basis for Calculation | ⦁Estimated Total Asset Value = Sum of estimated total assets for each landowner⦁Estimated Proportion Rate = (Total Estimated Revenue - Total Estimated Expense) / Estimated Total Asset Value⦁Estimated Contribution for Each Landowner = Member's Sale Price - Rights Value | |||
※ The estimated total asset value and individual contribution amounts mentioned above may change according to future management disposal plans, etc.
○ Plans regarding the main purpose of buildings, building coverage ratio, floor area ratio, and height
| Classification | Area Division | Household or Lot Division | Location | Main Purpose | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | |||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | ||||||||||||||||||||||||
| New Establishment | Deokcheong 3 Redevelopment Project Maintenance Area | 80,254 | 1-1 | 51,279 | Area of 419-20 Deokcheon-dong, Bukgu | Multi-family Housing and Auxiliary Facilities | Below 30% | Below 271% | Below 105m | - | |||||||||||||||||
| 1-2 | 400 | Area of 418-11 Deokcheon-dong, Bukgu | Cultural Facility | Below 50% | Below 240% | Below 15m | - | ||||||||||||||||||||
| 2-1 | 10,796 | Area of 421-8 Deokcheon-dong, Bukgu | Multi-family Housing and Auxiliary Facilities | Below 30% | Below 152% | Below 105m | - | ||||||||||||||||||||
| Scale and Construction Ratio of Residential Units | ∙ More than 40% of the total units being constructed must be below 85㎡. | ||||||||||||||||||||||||||
| Matters Related to the Construction of Rental Housing | ∙ At least 10% of the total units being constructed must be rental housing. → Out of the total number of rental housing units, at least 30% or over 5% of the total constructed units must be rental housing below 40㎡. | ||||||||||||||||||||||||||
| Application of Relaxation Standards for Floor Area Ratio | ∙ Standards for evaluating the basic floor area ratio and relaxation criteria as set forth in the Busan Metropolitan City Urban and Residential Environment Maintenance Basic Plan will be applied. ∙ Basic floor area ratio determination: 240% (Residential Maintenance Zone) | ||||||||||||||||||||||||||
| Classification | Evaluation Criteria Score | ⇨ | Evaluation Criteria Score Allocation | Land Use | Standard Floor Area Ratio | ||||||||||||||||||||||
| Deokcheong 3 District | 66 points | 50-80 points | Residential Maintenance | 240% | |||||||||||||||||||||||
| ∙ Floor Area Ratio Incentive▸ Incentives calculated when public facility sites are provided - 1.5×(Provided Area ÷ Remaining Land Area after provision)×α (for Type 2 General Residential Area 200%)- 1.5 × (440㎡ ÷ 62,075㎡) × 200% = 2.1%▸ Incentives outside public interest factors- Local economic revitalization incentive: Designer 5%- Sustainable Multi-family Housing: 5%- Green Building Certification: Excellent Grade 3% so, Relaxed Floor Area Ratio: 2.1% + 5% + 5% + 3% = 15.1% ∙ Permitted Floor Area Ratio: 240% + 15.1% = 255.1% ∙ Planned Floor Area Ratio: 251%※{(51,279㎡×271%)+(10,796㎡×152%)}÷(51,279㎡+10,796㎡) = 250.3% | |||||||||||||||||||||||||||
Classification
Announcement
Agency Classification
City
Agency
Busan Metropolitan City
Announcement and Public Notice Number
No. 2025-414
Subject
Announcement of the decision on the maintenance plan and designation of the maintenance area for the Deokcheong 3 redevelopment project
Date
October 29, 2025
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Frequently Asked Questions (FAQ)
Q. Where is the maintenance area for the Deokcheong 3 District redevelopment project located?
The maintenance area for the Deokcheong 3 District redevelopment project is located at 419-20 Deokcheon-dong, Bukgu, Busan.
The maintenance area for the Deokcheong 3 District redevelopment project is designated in the area of 419-20 Deokcheon-dong, Bukgu, Busan. This area is near Suksung Station on the Subway Line 3 and is adjacent to the main roads, enhancing its transportation accessibility. Various convenience facilities and educational institutions are well-established in the vicinity, offering an excellent living environment.
Q. What are the main contents of the maintenance plan for the Deokcheong 3 District redevelopment project?
The maintenance plan for Deokcheong 3 District is designated to an area of 80,254㎡ with a floor area ratio of 271% and a maximum building height of 105m.
In this redevelopment maintenance plan, the maintenance area has been designated to 80,254㎡, with all zones categorized as Type 3 General Residential Areas. The floor area ratio is limited to 271%, and buildings are planned to be constructed up to a maximum height of 105m. The land development and multi-family housing sites focus on improving the residential environment, accounting for approximately 77.4% of the total area.
Q. What are the expected costs and revenue size for the Deokcheong 3 District redevelopment project?
The estimated total revenue is about 953 billion won, and the total project cost is expected to be around 730 billion won.
For the Deokcheong 3 District redevelopment project, the expected total revenue size is about 953 billion won, while the total project cost is estimated to be around 730 billion won. The total value of assets is expected to be around 221.7 billion won, ensuring a financially stable and profitable plan. However, these figures may change according to future management disposal plans.
Q. What stage is the Deokcheong 3 District redevelopment project currently at?
The confirmation of the maintenance plan, approval of the association, and selection of construction companies are scheduled to follow the residents' information session in May 2025.
This designation and decision announcement for the maintenance plan occurred approximately five months after the residents' information session and explanation meeting held in May 2025. In the future, procedures such as final confirmation of the maintenance plan, approval of the establishment of the association, and the selection of construction companies will remain, making specific details such as the number of households and the sales volume yet to be confirmed.
Q. How is the surrounding transportation and living environment for the Deokcheong 3 District redevelopment project?
It is conveniently located near Suksung Station, and the environment is excellent due to the proximity of various convenience facilities and educational institutions.
The Deokcheong 3 District is adjacent to Suksung Station on Busan Subway Line 3, making public transportation convenient. It is also connected to the main roads, including Mandukdaero, Gupo-daero, and Gwangmun-daero, facilitating easy vehicular access. The area hosts various convenient facilities, including Newcore Outlet, Deokcheon Market, and Megamart, and has excellent educational institutions close by, such as Deokcheon Middle School and Yangcheon Elementary School, resulting in a favorable living environment.