Table of Contents
Announcement of the project implementation plan approval for the small-scale reconstruction project in Guseo-dong (Geumhwa, Sanho, Samsan)
- Guseo-dong, Geumjeong-gu, at the site of 194-11, location, progress, viability, construction company
A small-scale reconstruction project including Geumhwa, Sanho, and Samsan has been officially launched in Guseo-dong, Geumjeong-gu, Busan. The Geumjeong-gu office announced the project implementation plan approval based on the "Special Act on the Maintenance of Vacant Houses and Small-scale Housing" as of October 15.
This project will take place on a site of 8,401.20㎡ located at 194-11, Guseo-dong, Geumjeong-gu, Busan. A total of 285 multi-family housing units will be built in three blocks, ranging from basements up to 27 floors. Additionally, 11 neighborhood living facilities will also be designed. The floor area ratio is set at 326.7%, and the building coverage ratio reaches 37.2%. The maximum height of the buildings is planned at 76.9m.
The sizes of the housing units vary and include types of 53㎡, 59㎡, and 84㎡ based on exclusive area. A total of 285 units are planned for general sale. This project is being carried out by the Guseo-dong small-scale reconstruction project association and aims for completion within 60 months from the date of approval.
DL Construction will be in charge of the construction for this project. DL Construction obtained the construction rights for the small-scale reconstruction maintenance project in Geumhwa, Sanho, and Samsan areas of Guseo-dong in 2022, and is known to be a large construction company carrying out several maintenance projects. Due to their brand trust and extensive construction experience built in the Busan and Ulsan areas, they are evaluated as having high stability in project promotion.
The project site is conveniently located about a 5-minute walk from Duseo Station and Guseo Station, providing good transportation. Nearby educational institutions such as Guseo Elementary School, Geumjeong Middle School, and Geumjeong High School create an excellent learning environment. Additionally, the pleasant natural environment of Geumjeongsan along with convenience facilities such as Homeplus, hospitals, and public offices nearby make it an easily livable area.
This area has seen a continuous need for maintenance due to the concentration of old multi-family and multi-family housing. With the approval of the project implementation plan, the area is gaining attention as a model for revitalizing small-scale reconstruction. The processes of construction review, commencement, and general sale are expected to proceed sequentially in the future.
Announcement No. 2025-146 of Geumjeong-gu, Busan Metropolitan City
Announcement of the project implementation plan approval for the small-scale reconstruction project in Guseo-dong (Geumhwa, Sanho, Samsan)
Regarding the small-scale reconstruction project in the area of 194-11, Guseo-dong, Geumjeong-gu, Busan Metropolitan City, the project implementation plan is approved in accordance with Article 29, Paragraph 1 of the "Special Act on the Maintenance of Vacant Houses and Small-scale Housing" and is announced as follows in accordance with Article 29, Paragraph 5 and Article 6, Paragraph 2 of the regulations for the enforcement of the same law.
October 15, 2025
Mayor of Geumjeong-gu, Busan Metropolitan City
1. Type and Name of the Project
a. Type: Small-scale reconstruction project
b. Name: Small-scale reconstruction project in Guseo-dong (Geumhwa, Sanho, Samsan)
2. Location and Area of the Project Implementation Area
a. Location: Area of 194-11, Guseo-dong, Geumjeong-gu, Busan Metropolitan City
b. Area: 8,401.20㎡
3. Name and Address of the Project Implementer
a. Project Implementer: Guseo-dong (Geumhwa, Sanho, Samsan) Small-scale Reconstruction Project Association (Chairman Yoo Jae-myung)
b. Address: 1907 Jungang-daero, Geumjeong-gu, Busan Metropolitan City, 2nd floor
4. Project Implementation Period
: Within 60 months from the date of project implementation plan approval
5. Date of Project Implementation Plan Approval
: October 2, 2025
6. Matters regarding the construction plan such as site area, building coverage ratio, floor area ratio, height, and use
| Category | Details | Category | Details |
| Site Area | 8,401.20㎡ | Floor Area Ratio | 326.70% |
| Building Area | 3,124.85㎡ | Building Coverage Ratio | 37.20% |
| Total Area | 44,153.60㎡ | Maximum Height | 76.9m |
| Scale | 3 underground floors and 27 above-ground floors | Number of Units | 285 multi-family housing units / 11 neighborhood living facilities |
| Use | Multi-family housing and ancillary facilities, neighborhood living facilities | ||
7. Housing construction plan, including scale
| Supply Classification | Number of Buildings | Number of Units | Number of Units by Housing Size (based on exclusive area) | |||
| 53(53.6467㎡) | 59(59.8929㎡) | 84A(84.9248㎡) | 84B(84.9485㎡) | |||
| Total | 3 | 285 | 66 | 100 | 46 | 73 |
| Sales | 3 | 285 | 66 | 100 | 46 | 73 |
| Rental | - | - | - | - | - | |
8. Scale of sale or reserved sites, etc.
| Supply Target | Number of Units by Housing Size (based on exclusive area) | Commercial area (㎡) | ||||
| Total | 53(53.6467㎡) | 59(59.8929㎡) | 84A(84.9248㎡) | 84B(84.9485㎡) | ||
| Total | 285 | 66 | 100 | 46 | 73 | 619.3978 |
| Landowners | 166 | 7 | 86 | 46 | 27 | - |
| General Sale | 117 | 59 | 13 | - | 45 | - |
| Reserved Sites | 2 | - | 1 | - | 1 | - |
| Rental | - | - | - | - | - | 619.3978 |
9. Matters regarding maintenance infrastructure and ownership of land, etc.: Not applicable
10. Other relevant documents: Omitted (available at the Construction Division of Geumjeong-gu, Busan Metropolitan City)
※ The topographical map in accordance with Article 8 of the "Basic Law on Land Use Regulations" can be viewed at LandEum (http://www.eum.go.kr).
Classification
Announcement
Institution Classification
Goon District
Institution
Geumjeong-gu
Announcement Number
No. 2025-146
Title
Announcement of the project implementation plan approval for the small-scale reconstruction project in Guseo-dong (Geumhwa, Sanho, Samsan)
Date
2025-10-15
#Guseo-dong, #Reconstruction in Guseo, #Geumhwa-Sanho-Samsan, #Small-scale Reconstruction, #DL Construction, #Project Implementation Plan Approval, #Geumjeong-gu, #Geumjeong-gu Reconstruction, #Busan Reconstruction, #Maintenance Project, #Small-scale Maintenance Project, #285 Units, #Busan Apartments, #Project Progress Status, #Busan DL Construction, #Residential Environment Improvement, #Guseo Station, #Station Area Apartments, #Geumjeongsan, #Busan Housing Market, #General Sale, #Multi-family Housing, #Busan Maintenance Project, #Urban Maintenance, #Geumjeong-gu News, #Scheduled for Construction, #Project Viability, #Housing Supply, #Busan Real Estate, #Residential Area Maintenance, #Brand Apartments
Frequently Asked Questions (FAQ)
Q. What is the location and scale of the small-scale reconstruction project in Guseo-dong?
It will develop a site area of 8,401.20㎡ with three buildings and 285 multi-family housing units at 194-11 Guseo-dong, Geumjeong-gu, Busan.
The Guseo-dong small-scale reconstruction project will take place on a site area of 8,401.20㎡ at 194-11, Guseo-dong, Geumjeong-gu, Busan Metropolitan City. A total of 285 multi-family housing units are planned to be constructed in three blocks, ranging from three underground floors to 27 above-ground floors. The floor area ratio is planned at 326.7%, the building coverage ratio is 37.2%, and the maximum height is 76.9m.
Q. What is the size of the housing units and how many units will be available for sale in this reconstruction project?
285 housing units with exclusive areas of 53㎡, 59㎡, and 84㎡ will be available for general sale.
The housing units are varied with sizes of 53㎡, 59㎡, and 84㎡ based on exclusive area. A total of 285 units are planned for general sale so as to accommodate a variety of household members. The sales process will follow the general offering schedule as the project progresses.
Q. Who is the project implementer and what is the expected completion date?
The Guseo-dong (Geumhwa, Sanho, Samsan) Small-scale Reconstruction Project Association is the implementer, aiming to complete within 60 months.
The project implementer is the Guseo-dong (Geumhwa, Sanho, Samsan) Small-scale Reconstruction Project Association, chaired by Yoo Jae-myung. They aim to complete the project within 60 months from the date of approval of the project implementation plan. During this period, processes such as architectural review, commencement, and completion will proceed sequentially.
Q. Who is the construction company, and what are the characteristics related to this reconstruction project in the area?
DL Construction is responsible for the construction, possessing brand trust and experience in the Busan and Ulsan areas.
DL Construction has acquired the construction rights for this small-scale reconstruction project and has been actively engaged in numerous maintenance projects in the Geumhwa, Sanho, and Samsan areas of Busan. Thanks to the brand trust and generous construction experience gathered in Busan and Ulsan, they are seen as having a high level of stability in project promotion. Thus, they are positively impacting the improvement of the residential environment in the region.
Q. How is the transportation and living convenience around this project site?
Located within 5 minutes walking distance from Duseo Station and Guseo Station, it is also close to educational and living convenience facilities.
The site for the Guseo-dong small-scale reconstruction project is located approximately a 5-minute walk from Duseo Station and Guseo Station, ensuring very good accessibility. Additionally, various educational institutions like Guseo Elementary School, Geumjeong Middle School, and Geumjeong High School are nearby, creating an excellent learning environment. The pleasant natural environment of Geumjeongsan combined with convenient facilities such as Homeplus, hospitals, and government offices nearby make this an evaluated lifestyle-friendly area.
