Table of Contents
Announcement of Residents' Exhibition and Explanation Meeting for the Decision on Maintenance Plan and Designation of Maintenance Area for Deokcheon District 2 Redevelopment Project
- The area around 422-1 Deokcheon-dong, Buk-gu, location, project feasibility, progress status
The Deokcheon District 2 redevelopment project currently underway in the area of 422-1 Deokcheon-dong, Buk-gu, Busan has now entered the stage of establishing a maintenance plan. The Buk-gu Office announced that it will hold a residents' exhibition and explanation meeting regarding the "Decision on Maintenance Plan and Designation of Maintenance Area for Deokcheon District 2 Redevelopment Project" on October 22.
This project holds significant importance for local residents and is receiving considerable interest. It is intended to be a venue for gathering residents' opinions.
The maintenance area has been set at approximately 50,949㎡, with some of the existing second-class general residential area (5,521㎡) upgraded to a third-class general residential area (45,425㎡). This enables high-density residential development.
The floor area ratio for this area is limited to a maximum of 267%, and the building height is set to be below 87m. Additionally, the building coverage ratio is set at 25% or less, and there will be two multi-family housing complexes (A-1, B-1 blocks), community facilities, parks, and parking lots included.
The total budget for this project is approximately 446.7 billion KRW, with expected total revenue estimated to reach around 571.7 billion KRW. This results in an estimated proportional rate of 102%, indicating that the project's profitability is evaluated to be favorable.
Additionally, over 40% of the total units are planned to be small-sized housing units of 85㎡ or less, and more than 10% are planned to be rental housing. This allocation aims to enhance residential stability and meet diverse needs.
The area near Sukdeung Station has excellent location conditions. The proximity to Subway Line 3 provides convenient transportation access, and there is easy access to major roads such as the Manduk Tunnel and Mandukcho-eup Tunnel.
Nearby are newly built apartment complexes like Hanwha Forena Busan Deokcheon Phase 1, 2, and 3. As new redevelopments are actively progressing in Deokcheon Districts 1 and 3, it is expected that once the maintenance work is completed, it will develop into a major residential area for Buk-gu.
The final designation for Deokcheon District 2 is expected to be confirmed after gathering opinions in a residents' explanation meeting on November 5, followed by a review of the maintenance plan at the Buk-gu Office. This exhibition serves as a signal that the maintenance project for the aging residential area in Deokcheon-dong is about to begin in earnest.
In the future, the establishment of a union and selection of a construction company, among other project progresses, are anticipated. As residents' opinions are collected, it seems likely that smoother project advancement will occur in the future.
Announcement No. 2025-1123 of Busan Metropolitan City Buk-gu
Announcement of Residents' Exhibition and Explanation Meeting for the Decision on Maintenance Plan and Designation of Maintenance Area for Deokcheon District 2 Redevelopment Project
Regarding the decision on the maintenance plan and designation of the maintenance area (draft) for the Deokcheon District 2 redevelopment project in the area of 422-1 Deokcheon-dong, Buk-gu, Busan, in accordance with Article 15 of the "Urban and Residential Environment Management Act" and Article 13 of its Enforcement Decree, we will conduct a residents' exhibition and hold a residents' explanation meeting to listen to residents' opinions. If you have any opinions, please submit your opinion in writing to the Buk-gu Building Division during the exhibition period.
October 22, 2025
The Mayor of Buk-gu, Busan
1. Overview of the Residents' Explanation Meeting
a. Date: November 5, 2025 (Wednesday) at 16:00
b. Location: 3rd floor meeting room of Deokcheon 1-dong Administrative Welfare Center (11, Manduk-daero 102beon-gil, Buk-gu)
c. Attendees: Landowners and stakeholders
d. Content: Explanation of the maintenance plan decision and designation (draft)
2. Overview of the Residents' Exhibition
a. Exhibition period: October 22, 2025 ~ November 21, 2025
b. Exhibition location: Redevelopment Team, Building Division, Buk-gu Office (☎ 051-309-4612)
[587, Sasang-ro, Buk-gu, Busan, 3rd floor, Building Division (Gupo-dong)]
c. Exhibition Contents
1) Designation of Maintenance Area
| Designation Type | Project Type | Name of Area | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Deokcheon 2 Redevelopment Project Maintenance Area | The area around 422-1 Deokcheon-dong, Buk-gu | 50,946 |
2) Decision on the Maintenance Plan
a) Planning regarding land use zones
| Category | Area (㎡) | Ratio (%) | Remarks | ||
| Existing | Change | After Change | |||
| Total | 50,946 | - | 50,946 | 100.0 | |
| 2nd Class General Residential Area | 41,506 | Decrease) 35,985 | 5,521 | 10.8 | |
| 3rd Class General Residential Area | 9,440 | Increase) 35,985 | 45,425 | 89.2 | |
b) Estimation of Individual Payments and Calculation Basis for Landholders
| Estimated Payment Amount | Estimated Total Revenue | Estimated Total Project Cost | Estimated Total Asset Value | Estimated Proportional Rate |
| 571,759,090,000 KRW | 446,718,310,000 KRW | 122,594,385,000 KRW | 102.00% | |
| Calculation Basis | · Estimated Total Asset Value = Sum of Estimated Total Asset Values per Landholder· Estimated Proportional Rate = (Estimated Total Revenue - Estimated Total Project Cost) / Estimated Total Asset Value × 100· Estimated Payment per Landholder = Member Sale Price - Right Value | |||
In the future, the estimated amount of total assets and individual payments may fluctuate according to the management and disposal plan.
Additionally, detailed matters regarding land use planning will be continuously reviewed.
| Category | Name | Area (㎡) | Ratio (%) | Remarks | |
| Urban Management Planning Land Area | Total | 50,946 | 100.0 | - | |
| 2nd Class General Residential Area | 5,521 | 10.8 | 2nd Class → 3rd Class | ||
| 3rd Class General Residential Area | 45,425 | 89.2 | - | ||
| Residential and Maintenance Infrastructure (Urban Planning Facilities) | Total | 50,946 | 100.0 | - | |
| Housing | 33,905 | 66.6 | - | ||
| Multi-family Housing | 32,823 | 64.5 | Block 1: 15,251㎡, Block 2: 17,572㎡ | ||
| Community Facilities | 1,082 | 2.1 | - | ||
| Maintenance Infrastructure (Urban Planning Facilities) | 17,041 | 33.4 | - | ||
| Roads | 11,367 | 22.3 | - | ||
| Parks | 2,548 | 5.0 | - | ||
| Parking Lots | 3,006 | 5.9 | Existing: 1,961㎡ | ||
| Cultural Facilities | 120 | 0.2 | Existing: 119.5㎡ | ||
d) Plans related to the main purpose, building coverage ratio, floor area ratio, height of buildings, etc.
| Decision Type | Area Division | Building or Lot Division | Location | Main Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||
| Name | Area (㎡) | Name | Area (㎡) | |||||||
| New | Deokcheon 2 Redevelopment Project Maintenance Area | 50,946 | A-1 | 15,251 | The area around 390-16 Deokcheon-dong, Buk-gu | Multi-family housing and ancillary facilities | 25% or less | 268% or less | Below 87m | - |
| B-1 | 17,572 | The area around 425-2 Deokcheon-dong, Buk-gu | Multi-family housing and ancillary facilities | 25% or less | 266% or less | Below 87m | - | |||
| C-1 | 1,082 | The area around 139-21 Deokcheon-dong, Buk-gu | Community facilities, etc. | 60% or less | 200% or less | Below 30m | - | |||
| C-2 | 120 | The area around 139-12 Deokcheon-dong, Buk-gu | Cultural facilities | 60% or less | 220% or less | Below 30m | - | |||
| C-3 | 3,006 | The area around 139-3 Deokcheon-dong, Buk-gu | Parking lot | 60% or less | 200% or less | Below 30m | - | |||
| Housing Scale and Construction Ratio | ∙ Over 40% of the total number of houses to be built will be within 85㎡ | |||||||||
| Matters Related to Construction of Rental Housing | ∙ At least 10% of the total number of houses to be built or at least 7% of the total floor area of the houses to be built will be rental housing. ∙ More than 30% of the total rental housing units or more than 5% of the total number of houses to be built is planned to be rental housing sized below 40㎡. | |||||||||
| Application of Floor Area Ratio Relaxation Criteria | ∙ Application of criteria assessment and relaxation criteria based on the "2030 Busan Metropolitan City Urban and Residential Environment Maintenance Basic Plan" ∙ Standard floor area ratio calculation: 240% (residential maintenance area) ∙ Application of floor area ratio relaxation ▸ Calculation of incentives for providing public facility sites - 1.5 × (provided area ÷ area after provision) × α (α: 200% for 2nd class general residential area, 300% for 3rd class general residential area) - 2nd class general residential area: 1.5 × (3,176㎡ ÷ 26,750㎡) × 200% = 35.61% - 3rd class general residential area: 1.5 × (653.6㎡ ÷ 7,155㎡) × 300% = 41.10% ※ Incentives for public interest: the maximum range of incentives for residential area-related maintenance projects is applied at 20% ▸ Incentive for revitalizing the local economy: 5% (for designers) ▸ Sustainable multi-family housing: 5% ⇒ Relaxed allowable floor area ratio: 20% + 5% + 5% = 30% ∙ Allowable floor area ratio: 240% + 30% = 270% ∙ Planned floor area ratio: 267% or less | |||||||||
※ Note) Buildings that can be constructed within the 2nd class general residential area
c) Other Matters: Please refer to the exhibition document
4. Exhibition Document:
Omitted from publication (available at the exhibition location)
5. Method for submitting opinions:
Written opinion submission to the Buk-gu Building Division during the exhibition period [attached] opinion statement for exhibition
Category
Public Notice
Agency Classification
District
Agency
Buk-gu
Notice Number
No. 2025-1123
Title
Announcement of Residents' Exhibition and Explanation Meeting for the Decision on Maintenance Plan and Designation of Maintenance Area for Deokcheon District 2 Redevelopment Project
Date
2025-10-22
#Deokcheon District 2, #Deokcheon Redevelopment, #Busan Buk-gu, #Deokcheon-dong, #Maintenance Plan Decision, #Maintenance Area Designation, #Residents' Exhibition, #Residents' Explanation Meeting, #Buk-gu Redevelopment, #Urban Maintenance Project, #Busan Redevelopment, #Redevelopment Project, #Buk-gu Office, #Residential Environment Improvement, #Land Use Change, #3rd Class General Residential Area, #Floor Area Ratio 267, #Project Feasibility, #Proportional Rate 102, #Total Project Cost 446.7 billion, #Deokcheon Station, #Busan Subway Line 3, #Core Residential Area in Buk-gu, #Multi-family Housing Development, #Rental Housing, #Park Development, #Living Infrastructure, #Transportation Benefits, #Hanwha Forena Deokcheon, #Busan Apartments, #Maintenance Project Advancement
Frequently Asked Questions (FAQ)
Q. When and where will the residents' explanation meeting for the Deokcheon District 2 redevelopment project be held?
It will be held on November 5, 2025, at 4:00 PM at the 3rd floor of Deokcheon 1-dong Administrative Welfare Center.
The residents' explanation meeting for the maintenance plan decision and designation (draft) of the Deokcheon District 2 redevelopment project will be held at 4:00 PM on Wednesday, November 5, 2025, in the meeting room on the 3rd floor of the Deokcheon 1-dong Administrative Welfare Center located at 11, Manduk-daero 102beon-gil, Buk-gu. Attendees will include landowners and stakeholders, and detailed explanations of the maintenance plan and designation will be provided while listening to residents' opinions.
Q. What are the contents of the designation of the Deokcheon District 2 maintenance area and the change in land use zone?
It is set at approximately 50,949㎡, with some areas upgraded from 2nd class to 3rd class general residential zones.
The maintenance area is set at around 50,949㎡, with parts of the existing 2nd class general residential area (5,521㎡) upgraded to 3rd class general residential area (45,425㎡), enabling high-density residential development. The floor area ratio is limited to a maximum of 267%, building height is below 87m, and building coverage ratio is below 25%, aiming for a balanced urban environment.
Q. What is the project cost and profitability of the Deokcheon District 2 redevelopment project?
Total budget is approximately 446.7 billion KRW, estimated total revenue is approximately 571.7 billion KRW, with a proportional rate of 102%.
The total project cost is estimated at about 446.7 billion KRW, with expected total revenue reaching around 571.7 billion KRW. The estimated proportional rate corresponds to about 102%, indicating that the project profitability is evaluated as favorable. This suggests the economic stability of the project's advancement.
Q. How is the housing supply plan and distribution of housing types arranged?
Over 40% of all units will be small-sized housing units of 85㎡ or less, and over 10% will be rental housing.
In the Deokcheon District 2 redevelopment project, over 40% of the total units are planned to be small-sized housing of 85㎡ or less to meet the diverse needs of residents. Additionally, over 10% will be provided as rental housing to enhance residential stability. This plan aims to strengthen long-term residence and housing diversity.
Q. What is the environmental condition of the location and the situation of surrounding development in Deokcheon District 2?
It has convenient access to Subway Line 3 and major roads, and is close to newly built apartment complexes.
Deokcheon District 2 is located near Sukdeung Station on Busan Subway Line 3, providing excellent transportation access. It is adjacent to major road networks such as the Manduk Tunnel and Mandukcho-eup Tunnel. Nearby, newly built apartment complexes like Hanwha Forena Busan Deokcheon Phases 1, 2, and 3 are present, enhancing the residential environment, and active redevelopments are occurring in Deokcheon Districts 1 and 3. Once the maintenance project is completed, it is expected to develop into a core residential area of Buk-gu.
