Table of Contents
Results of the 13th Busan City Architecture Committee Meeting in 2025
| Agenda | Applicant | Location | Building Scale | Use | Review Result |
| Apartment construction project in Myeongnyun-dong, Dongnae-gu, Busan | Jaekyung Co., Ltd. | 564-1 Myeongnyun-dong, Dongnae-gu, Busan | 5 basement floors / 29 above-ground stories, 2 buildings | Apartment | Conditional approval |
This section introduces the results of the 13th meeting of the Busan Metropolitan City's Architecture Committee held on November 13, 2025.
The planned apartment construction project in the general commercial area at 564-1 Myeongnyun-dong, Dongnae-gu, Busan, consists of 5 basement floors and 29 above-ground floors, with Jaekyung Co., Ltd. participating as the builder. The project was conditionally approved after providing improvements for architectural plans, open public spaces, color plans, and foundational construction safety.
This review carried significant meaning as it marks the first step in transforming the aging commercial area around Myeongnyun Station into a high-density residential area. Such changes are expected to have a positive impact on local development.
The apartment construction project in Myeongnyun-dong, Dongnae-gu, will contribute to creating a new living environment.
Apartment Construction Project in Myeongnyun-dong, Dongnae-gu - Around 564-1 Myeongnyun-dong
The apartment construction project located at 564-1 Myeongnyun-dong, Dongnae-gu, Busan was conditionally approved by the 13th Busan Metropolitan City's Architecture Committee on November 13, 2025. Anticipation for this project is increasing.
Jaekyung Co., Ltd. has recently started a new project. This project includes two buildings of apartments consisting of 5 basement floors and 29 above-ground stories in a general commercial area with a land area of 2,550㎡, and a total floor area of approximately 35,000㎡.
The committee considered various factors for the safety of this project. They provided signals of positive advancement towards the project while highlighting conditions such as the safety of vehicle and pedestrian pathways, aesthetics of open public spaces and waste disposal areas, color schemes for parking lots, and the stability of foundational constructions.
Currently, there is an aging two-story commercial building built in 1968 at 564-1. However, due to the characteristics of the Myeongnyun Station area being a commercial zone, there has been continuous demand for high-rise residences and development pressure. With the recent approval from the Architecture Committee, the potential for transitioning from a low-rise commercial area to a new apartment complex has significantly increased.
Within a 1km radius of the area, well-known brand apartments such as Myeongnyun I-Park, Myeongnyun I-Park 1st, Hillstate Myeongnyun, Hillstate Myeongnyun Tradium, and Myeongnyun Xi are concentrated. Recent transaction data indicates that the prices for apartments in the 30-pyeong range generally range from 700 million to 900 million won.
Located near Myeongnyun Station, the reconstruction project ‘Raemian Mark the Suite’ in Myeongnyun District 2 has completed the management disposal authorization and is preparing for post-sale. Additionally, around Dongnae Historical Park, the 1,025-unit ‘Dongnae Historical Park Daekwang Rojebian’ is underway with the goal of occupancy in 2029. Such development news is expected to have a positive impact on the local real estate market.
In the area around 26-6 Myeongnyun-dong, EL&LW Construction has conditionally approved a housing project consisting of 762 units. This project is gaining attention under the name ‘Myeongnyun Hillstate 3rd’.
This area is in a new trend of becoming a residential brand town as various brand apartments such as Hillstate, I-Park, Xi, Raemian, and Daekwang Rojebian continue to emerge.
Currently, the development project at 564-1 Myeongnyun-dong has several favorable conditions. This area is a transit-oriented commercial zone, which houses aging commercial shops. Due to this context, there is a high possibility of being reborn as a small-scale but high-density mixed-use apartment.
While information about the constructor or brand has yet to be confirmed, future steps will include evaluating the educational environment, establishing a district unit plan, selecting constructors, and pricing the sale. These elements are expected to act as important variables that could positively affect the urban value of Dongnae and Myeongnyun.
■ Builder
Jaekyung Co., Ltd.
■ Land Status
Land Location
: Around 564-1 Myeongnyun-dong, Dongnae-gu, Busan
Land Area
: 2,550㎡
Use Zone
: General Commercial Zone
■ Building Status
Building Area
: 1,400.1035㎡
Building Coverage Ratio
: 54.91%
Number of Floors
: Basement: 5 floors / Above Ground: 29 floors
Main Use
: Apartment
Structure
: Reinforced Concrete
Number of Buildings
: 2 buildings
Maximum Height
: 95.60m
Floor Area Ratio
: 1,019.82%
Total Floor Area
: 35,157.2997㎡
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Frequently Asked Questions (FAQ)
Q. What is the scale of the apartment construction project at 564-1 Myeongnyun-dong, Dongnae-gu, Busan?
The project consists of 2 buildings, with 5 basement floors and 29 above ground floors, totaling an area of approximately 35,000㎡.
The apartment construction project planned at 564-1 Myeongnyun-dong, Dongnae-gu, Busan is being participated in by Jaekyung Co., Ltd. It is designed to consist of two buildings with 5 basement floors and 29 above-ground floors, with a land area of 2,550㎡ and a total floor area of approximately 35,157㎡. It will be constructed using a reinforced concrete structure with a maximum height of about 95.6m.
Q. What conditions were there for the approval of the Myeongnyun-dong apartment project by the Busan City Architecture Committee?
It was approved conditionally with improvements to the architectural plans, open spaces, color plans, and foundational construction safety.
During the 13th meeting of the Busan Metropolitan City's Architecture Committee held on November 13, 2025, the apartment construction project in Myeongnyun-dong was approved with several conditions regarding architectural plans, open public spaces, pedestrian and vehicle pathway safety, waste disposal area aesthetics, parking lot color plans, and foundational stability. This conditional approval reflects considerations for the project's safety, the surrounding landscape, and user convenience.
Q. What impact will the Myeongnyun-dong apartment construction project have on the area?
It is expected to transform an area dense with aging commercial buildings into a high-density residential district, contributing to local development.
Around 564-1 Myeongnyun-dong was previously a commercial area densely populated with aging shops built in 1968, but this apartment construction project is set to transform it into a high-rise residential complex. This is considered the beginning of changes in the Myeongnyun Station area, marking the first step toward creating high-density residence, which is expected to positively affect the local real estate market and enhance living conditions.
Q. What other major development projects are in progress near Myeongnyun-dong?
Projects such as Raemian Mark the Suite, Dongnae Historical Park Daekwang Rojebian, and Myeongnyun Hillstate 3rd are underway.
Near Myeongnyun Station, the reconstruction project Raemian Mark the Suite has received management disposal authorization and is preparing for post-sale. Additionally, around Dongnae Historical Park, the 1,025-unit Dongnae Historical Park Daekwang Rojebian is being developed with the goal of occupancy in 2029. In the area around 26-6 Myeongnyun-dong, EL&LW Construction has conditionally approved a housing project called Myeongnyun Hillstate 3rd, which is being promoted as part of forming a brand apartment complex.
Q. What are the future plans for the construction project at 564-1 Myeongnyun-dong?
Procedures for evaluating the educational environment, establishing a district unit plan, selecting constructors, and pricing will proceed.
Currently, the apartment construction project at 564-1 Myeongnyun-dong has not yet confirmed the construction company or apartment brand. Future steps will include evaluating the educational environment and establishing the district unit plan, followed by selecting a construction contractor and pricing the units. These processes are expected to play an important role in enhancing the urban value and living environment in Dongnae and Myeongnyun.
