Table of Contents
Redevelopment of Dongseo Tower International Yeonsan Apartment / Public Exhibition and Announcement for the Establishment of the Association for Yeonsan 1 Small-Scale Redevelopment Project
- Yeonje-gu, Yeonsan-dong 1873-85 area, district map, location, project feasibility, progress status
The small-scale redevelopment project of Yeonsan 1 is underway at 1873-85, Yeonsan-dong, Yeonje-gu, Busan. Yeonje-gu announced the public exhibition and announcement for the establishment of the association authorization on October 1, 2025, and the exhibition period is set until October 20.
The project area is approximately 4,534㎡, and while the exact boundaries are not available in the announcement, it is expected to include Dongseo Tower Apartments and nearby commercial areas. On the other hand, the International Yeonsan Apartments are likely to be excluded from this project.
The Dongseo Tower Apartment is an old complex built in 1990, with the current transaction price for a dedicated 84㎡ unit being around the mid to high 200 million won range. While the International Yeonsan is also an aging complex, it's unfortunate that it has been excluded. If this redevelopment goes through, significant improvements to the residential environment are expected.
Approximately 40% of this area is designated as quasi-residential area, which offers favorable conditions for utilization of floor area ratio and other aspects in the progress of the project. Currently, it is in the early stages for the establishment of the association authorization, but once project feasibility is secured, smooth progress is anticipated.
Currently, a road construction project connecting the Handok Apartment and Hyundai Apartment is ongoing behind Dongseo Tower. Additionally, the Hwangnyeong 3 Tunnel is also being promoted, which is expected to significantly improve transportation accessibility. These changes are likely to contribute to the increase in value of the surrounding areas in conjunction with the redevelopment. Furthermore, its proximity to the Busan Metro Line 3 Baksan Station highlights its advantages as a station area.
This project is scheduled to start construction in November 2027 and be completed in November 2030. Important processes such as selecting the construction company and establishing the project implementation plan will take place in the future.
Announcement No. 2025-1102 of Yeonje-gu, Busan
Yeonsan 1 Small-Scale Redevelopment Project
Public Exhibition and Announcement for the Establishment of the Association
Regarding the application for the establishment authorization of the “Yeonsan 1 Small-Scale Redevelopment Project” at 1873-85 Yeonsan-dong, Yeonje-gu, Busan, as per Article 23 Clause 9 of the Special Act on the Maintenance of Vacant Houses and Small-Scale Housing, we will conduct a public exhibition to gather residents' opinions as follows. If you have any opinions, please submit them in writing during the exhibition period at the exhibition location.
October 1, 2025
Mayor of Yeonje-gu, Busan
1. Exhibition and Opinion Submission Period:
From October 1, 2025, to October 20, 2025 (20 days)
2. Exhibition Location
a. Yeonje-gu Building Department, Busan [☎ 051) 665-5051]
[2nd and 4th floors, Yeonsan-dong, Yeonje-gu, Busan]
b. Yeonsan 1 Small-Scale Redevelopment Maintenance Project Association Office
[Sub-office of Dongseo Tower Apartments, 192 Yeonsuro, Yeonje-gu, Busan]
3. Exhibition Content
a. Type and Name of the Project: Small-Scale Redevelopment Project / Yeonsan 1 Small-Scale Redevelopment Project
b. Location and Area of the Project Implementation Zone
| Location of the Project Implementation Zone | Area of the Project Implementation Zone |
| Area around 1873-85 Yeonsan-dong | 4,534.00㎡ |
d. Expected Start and Completion Dates of the Project: November 2027 / November 2030.
e. Name of the Association and Location of the Office
| Name of the Association | Location of the Office |
| Yeonsan 1 Small-Scale Redevelopment Maintenance Project Association | Sub-office of Dongseo Tower Apartments, 192 Yeonsuro, Yeonje-gu, Busan |
4. Method of Submitting Opinions:
Please write and submit your opinions in writing at the exhibition location during the exhibition period.
5. Exhibition Documents:
Details omitted (available at the exhibition location)
Category
Announcement
Institution Type
District
Institute
Yeonje-gu
Notification Number
No. 2025-1102
Title
Public exhibition and announcement for the establishment authorization of Yeonsan 1 Small-Scale Redevelopment Project
Date
October 1, 2025
#Yeonje-gu, #Yeonsan-dong, #Yeonsan1, #SmallScaleRedevelopment, #AssociationEstablishmentAuthorization, #PublicExhibition, #DongseoTower, #InternationalYeonsan, #RedevelopmentProject, #BusanRedevelopment, #OldApartmentRedevelopment, #QuasiResidentialArea, #ProjectFeasibility, #Announcement, #DistrictArea, #ProjectProgress, #LocationalConditions, #CommercialLand, #ResidentialEnvironmentImprovement, #ActualResidents, #MaintenanceProject, #BusanRealEstate, #TransactionPrice, #RealEstateMarketPrice, #UrbanMaintenance, #ProjectArea, #LocalValue, #ConstructionAndExhibition, #ResidentsOpinions, #MaintenancePlan
Frequently Asked Questions (FAQ)
Q. When will the public exhibition for the establishment authorization of the Yeonsan 1 Small-Scale Redevelopment Project take place?
The exhibition will be held for 20 days from October 1 to October 20, 2025.
Yeonje-gu, Busan, will run the public exhibition and opinion submission period for the establishment authorization of the Yeonsan 1 small-scale redevelopment project from October 1 to October 20, 2025. During this period, residents can visit the Yeonje-gu Building Department or the association office to review related documents and submit their opinions in writing. This procedure aims to secure transparency in project progress by gathering residents' opinions.
Q. Where is the Yeonsan 1 Small-Scale Redevelopment Project area, and what buildings are included?
It covers approximately 4,534㎡ at the area around 1873-85 Yeonsan-dong, including Dongseo Tower Apartments and nearby commercial areas.
The project area is approximately 4,534㎡ at 1873-85 Yeonsan-dong, Yeonje-gu, Busan. This area is expected to include Dongseo Tower Apartments and surrounding commercial lands, while the International Yeonsan Apartment is likely to be excluded from the project. The exact boundaries can be confirmed through the announcement document made available at the exhibition site.
Q. When are the expected start and completion dates for the redevelopment of Dongseo Tower Apartments?
The start of construction is scheduled for November 2027, and completion is expected in November 2030.
The Yeonsan 1 Small-Scale Redevelopment Project is set to start construction in November 2027 and is expected to be completed in November 2030. Currently, it is at the stage of obtaining association authorization and gathering residents' opinions, and it will go through several preparatory stages, including the selection of construction companies and the establishment of the project implementation plan. This is an important urban maintenance project aimed at improving the local residential environment.
Q. What changes and locational conditions are expected in the area due to the redevelopment project?
The establishment of quasi-residential area and expansion of transportation infrastructure will greatly improve the residential environment and local value.
Approximately 40% of the project area is designated as a quasi-residential area, offering favorable conditions for development, including the utilization of floor area ratio. Additionally, the road construction behind Dongseo Tower Apartments and the promotion of Hwangnyeong 3 Tunnel are expected to enhance transportation accessibility, and it is adjacent to Busan Metro Line 3 Baksan Station, securing the advantages of being a station area. This is anticipated to lead to an increase in the residential environment and property values in the surrounding area post-redevelopment.
