Table of Contents
Uam-dong Jeil Pungyeongchae Construction Sale, Completion in 30 Years, Former Busan Foreign Language University Site Housing Development / Housing Construction Project Plan Approval Announcement
Contains various information about the area of 51-3 Uam-dong. You can view the land use plan and project plan through perspective drawings. In addition, details regarding the construction company and the public contribution negotiation type district unit plan can also be checked.
The former site of Busan Foreign Language University located in Uam-dong, Nam-gu, Busan is set to transform into a large-scale apartment complex. The city of Busan approved the housing construction project plan on September 26, 2025, and officially announced project details on October 1.
This project is led by Uam Development PFV Co., Ltd., with a site area of 76,449㎡. A total of 2,454 housing units will be built from 10 basement floors to 49 above-ground floors.
The total floor area will reach 434,800㎡, and along with the apartments, various auxiliary facilities will also be provided. The construction company has been decided as Jeil Construction with the Pungyeongchae brand, and construction is scheduled to start in October 2025, aiming for completion in January 2030.
This large-scale development is expected to positively impact the local economy.
The project site where Busan Foreign Language University was located has remained vacant for a long time. This area is known as a representative idle land, and it is expected that this development will meet the housing needs of local residents and revitalize the commercial area.
This area is subject to a public contribution negotiation type district unit plan, which includes the expansion of infrastructure along with modifications to the land use plan. According to the latest agreement, the existing strategic industry site has been changed to a sports facility site, and the installation of new roads and water supply facilities is included. As a result, various public facilities such as cultural facilities, parks, and parking lots will be enhanced along with the construction of 2,454 housing units.
The location of Uam-dong Jeil Pungyeongchae is quite notable. This site is situated in a major living area of Nam-gu and is adjacent to the aging residential areas of Daeyeon, Yongho, and Uam. Additionally, its proximity to Metro Line 2 ensures convenient transportation, and its connectivity to the northern port redevelopment area and the Munhyeon financial district is also highly valued.
The housing development taking place at the Busan Foreign Language University site is a significant project aimed at improving the residential environment of Nam-gu and achieving balanced urban development. It is expected to attract considerable interest regarding the sale prices and schedules in the future.
Busan Metropolitan City Notification No. 2025-387
Housing Construction Project Plan Approval Announcement
Approval of the Housing Construction Project Plan for the Uam-dong 51-3 area in Nam-gu, Busan is made in accordance with Article 15, Paragraph 1 of the Housing Act and is hereby announced as follows in accordance with Article 15, Paragraph 6 of the same law and Article 30, Paragraph 5 of the Enforcement Decree of the same law.
October 01, 2025
Mayor of Busan Metropolitan City
1. Project Name
: Housing Development Project at the Former Busan Foreign Language University Site in Uam-dong
2. Project Proponent
a. Name : Uam Development PFV Co., Ltd.
b. Address : 402, 4th Floor, 551, Eonju-ro, Gangnam-gu, Seoul
3. Location, Area, and Scale of Housing Construction
a. Location : 51-3 Uam-dong, Nam-gu, Busan and 29 other plots
b. Site Area : 76,449.0㎡
c. Building Area : 12,676.01㎡
d. Total Floor Area : 434,799.8508㎡
e. Building Scale : 10 basement floors / 49 above-ground floors (maximum), 2,454 housing units (apartments)
f. Purpose : Housing (apartments) and auxiliary & welfare facilities
4. Project Plan Approval Date :
September 26, 2025.
5. Project Implementation Period
: October 31, 2025 ~ January 31, 2030.
6. Matters Subject to Agreed Assessment Under Relevant Laws
a. Building permits according to Article 11 of the Building Act
b. Permits for development activities under Article 56 of the National Land Planning and Utilization Act
c. Permissions and notifications for land use under the Mountain Management Act
7. For other inquiries
: Busan Metropolitan City Housing Policy Division (☏ 051-888-7732)
Category
Notice
Agency Classification
City
Agency
Busan Metropolitan City
Notice No
No. 2025-387
Title
Housing Construction Project Plan Approval Announcement
Date
October 01, 2025
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Frequently Asked Questions (FAQ)
Q. What are the main details of the Uam-dong Jeil Pungyeongchae Housing Development Project?
Construction of 2,454 apartments at the former Busan Foreign Language University site in Uam-dong is scheduled to start in 2025 and finish in 2030.
A housing development project with a site area of 76,449㎡ is being promoted at the former Busan Foreign Language University site in Uam-dong 51-3. This project is led by Uam Development PFV Ltd., and will consist of a total of 2,454 apartments and auxiliary welfare facilities from 10 basement floors to 49 above-ground floors. The construction company is Jeil Construction under the Pungyeongchae brand, with a target commencement in October 2025 and completion in January 2030. This project is expected to contribute to improving the residential environment in Nam-gu, Busan and revitalizing the local economy.
Q. What is the location and transportation accessibility of the Uam-dong housing development project?
The project site is within the living area of Nam-gu, Busan, and is conveniently located near Metro Line 2.
The Uam-dong Jeil Pungyeongchae project site is located at 51-3 Uam-dong, Nam-gu, Busan, adjacent to aging residential areas in Daeyeon, Yongho, and Uam. Its proximity to Metro Line 2 ensures excellent transportation accessibility, and it is also well-connected to the northern port redevelopment and the Munhyeon financial district. This will significantly enhance convenience for residents and contribute to balanced regional development.
Q. What is a public contribution negotiation type district unit plan and how is it applied in this project?
It is a negotiation-type plan that includes modifications to land use plans and the expansion of infrastructure, allowing for the development of various public facilities.
The Uam-dong development project applies a public contribution negotiation type district unit plan, which includes modifications to the land use plan such as changing the existing strategic industry site to a sports facility site. Accordingly, new roads, water supply facilities, and various public facilities such as cultural facilities, parks, and parking lots will be developed. This plan aims to harmonize the development project with regional public interest and focus on expanding future infrastructure.
Q. What are the schedule and approval date for the housing construction project plan?
The project plan was approved in September 2025, with construction set to begin in October.
The city of Busan approved the housing construction project plan for the Uam-dong development project on September 26, 2025, and announced it on October 1. Consequently, the project is scheduled to begin on October 31, 2025, and be implemented until January 31, 2030. Details regarding sale prices and schedules will be provided later, drawing significant interest from local residents and investors.
Q. What are the expected positive effects of this Uam-dong housing project on the local area?
It is expected to meet housing demand, revitalize the commercial area, and positively impact local economic development.
The former Busan Foreign Language University site, which has remained vacant for a long time, will transform into a large residential complex through this development project, addressing the housing needs of local residents. Additionally, the creation of various auxiliary facilities and cultural spaces is expected to contribute to revitalizing the commercial area and enhancing quality of life. This project is also anticipated to play a significant role in balanced regional development and improving urban competitiveness.
