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Announcement of the Cancellation of the Establishment of the Namcheon 17 Block Horizontal Housing Maintenance Project
The redevelopment news of Busan's Haesoo-dong has been reported. The small-scale maintenance project and horizontal housing project underway in the vicinity of Namcheon-dong 17-3 have been canceled. It appears that the opinions of local residents and the changing environment have influenced this decision.
The horizontal housing maintenance project that was being conducted in the Namcheon 17 Block has its approval for establishment canceled due to the agreement of a majority of the members. The small-scale maintenance project in the area of Namcheon-dong 17-3 has officially ended. This decision was made approximately five years after the establishment approval was granted in March 2020.
This action was carried out in accordance with Article 23-2 of the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing, and the establishment of the association will lose effectiveness as of December 1, 2025. These changes are expected to significantly impact local residents.
The Namcheon 17 Block project aims to build 70 units of apartment housing with 1 basement and 18 floors over an area of approximately 2,510㎡. This project began as a small-scale horizontal housing maintenance project to refurbish 28 aging housing units in 3 building blocks.
However, key project participants such as the builder, designer, and supervisor remained undecided for a long time, and there were conflicting opinions within the association regarding the necessity of proceeding with the project, ultimately leading to the dissolution of the association. This has resulted in many difficulties in advancing the project.
Currently, a new maintenance project under the name 'Namcheon High-End Redevelopment' is underway. Unlike the previous small-scale horizontal housing maintenance project, this redevelopment aims to improve not only housing conditions but also the living environment through large-scale apartment construction.
In the Namcheon-dong area of Suyeong-gu, there has been a continuous call for reorganization due to the prevalence of aging single-family homes and low-rise residential areas, and recently, the demand for newly constructed apartments in the local real estate market has been increasing. This change is expected to further enhance the residential environment of Namcheon-dong.
With the recent cancellation of the horizontal housing maintenance project, the possibility of proceeding with redevelopment in the area has increased significantly. While the horizontal housing maintenance project boasted a quick progress rate, it faced criticism regarding its scale and profitability.
In contrast, if switched to redevelopment, the scope of the project may widen, and the floor area ratio can be applied, allowing for the supply of newly constructed branded apartments. This change is expected to serve as an opportunity to provide better profitability to residents.
Suyeong-gu is known as a region with active demand for reconstruction and redevelopment, but the pace of actual project implementation has been slow due to complex and stringent project conditions.
In particular, the Namcheon 17 Block is seen as having the potential for transition to 'Namcheon High-End Redevelopment' following the horizontal housing release, and the designation of the maintenance area is expected to be a significant variable for the future. Currently, it appears that a request for the establishment of a maintenance plan has been made for the Namcheon High-End Redevelopment.
With the termination of the association system following this announcement, if a new project approach is officially promoted, it is expected to lead to improvements in the local residential environment and an increase in the supply of new housing.
Busan Metropolitan City Suyeong-gu Announcement No. 2025-130
Announcement of the Cancellation of the Establishment of the Namcheon 17 Block Horizontal Housing Maintenance Project
In accordance with Article 23-2, Paragraph 1 of the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing, the establishment approval of the Namcheon 17 Block horizontal housing maintenance project located in the area of Namcheon-dong 17-3, Suyeong-gu, Busan Metropolitan City is canceled and hereby announced according to Paragraph 3 of the same article.
December 10, 2025
Mayor of Suyeong-gu, Busan Metropolitan City
1. Type and Name of Maintenance Project
a. Type: Horizontal Housing Maintenance Project
b. Name: Namcheon 17 Block Horizontal Housing Maintenance Project
2. Location of the Maintenance Area:
Area of Namcheon-dong 17-3, Suyeong-gu, Busan Metropolitan City
3. Area of the Maintenance Area:
2,510.3㎡
4. Name of the Association and Office Location
a. Name: Namcheon 17 Block Horizontal Housing Maintenance Project Association
b. Location: Management Office of Namchon Villa, area of Namcheon-dong 17-3, Busan Metropolitan City
5. Date of Establishment Approval:
March 9, 2020.
6. Date of Establishment Approval Cancellation:
December 1, 2025.
7. Reason for Cancellation:
Cancellation of the establishment of the association due to agreement by a majority of members within the business implementation area according to Article 23-2 of the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing and Article 21-3 of the Enforcement Decree of the same Act.
Classification
Announcement
Agency Classification
District
Agency
Suyeong-gu
Announcement No.
No. 2025-130
Title
Announcement of the Cancellation of the Establishment of the Namcheon 17 Block Horizontal Housing Maintenance Project
Date
December 10, 2025
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Frequently Asked Questions (FAQ)
Q. Why was the establishment approval of the Namcheon 17 Block horizontal housing maintenance project canceled?
The approval was canceled due to the agreement of a majority of the members.
The establishment approval of the Namcheon 17 Block horizontal housing maintenance project was canceled based on the agreement of a majority of the members. This is an action grounded on Article 23-2 of the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing. It is a decision made approximately five years after the approval was granted in March 2020, reflecting the opinions of the members in the project implementation area.
Q. What are the key details and purpose of the Namcheon 17 Block horizontal housing maintenance project?
It is a small-scale housing maintenance project to build 70 units of apartments with 1 basement and 18 floors.
The Namcheon 17 Block project was planned as a small-scale horizontal housing maintenance project to refurbish 28 aging housing units into 70 units of apartment housing with 1 basement and 18 floors across 3 buildings, covering an area of approximately 2,510㎡. The goal was to improve the residential environment by replacing the aging houses with modern apartment housing. However, key participants in the project, such as the builder and designer, remained undecided, and internal opinions were divided, causing difficulties in advancing the project.
Q. What redevelopment projects are planned for the Namcheon 17 Block area following the cancellation of the horizontal housing maintenance project?
A large-scale joint housing and living environment improvement project called 'Namcheon High-End Redevelopment' is underway.
Instead of the canceled horizontal housing maintenance project, the area of Namcheon 17 Block is undergoing the 'Namcheon High-End Redevelopment' project. This project aims to construct large-scale apartment housing and improve the living environment, expecting to supply newly built branded apartments, which is a response to the increasing demand for real estate and the need for refurbishment of aging homes and low-rise residential areas in the vicinity.
Q. What impact does the cancellation of the establishment approval have on local residents?
Residents can expect better living conditions and profit opportunities due to the redevelopment transition.
The cancellation of the establishment approval has led to the halt of the horizontal housing maintenance project and increased the possibility of a transition to redevelopment. Redevelopment offers the potential for broader project scope and application of the floor area ratio, allowing for the supply of new apartments, thus creating expectations of higher profitability and a modern residential environment for residents. However, the complexities of redevelopment may slow down the process, and the future designation as a maintenance area is expected to be a significant variable.
Q. When and under which law was the announcement of the cancellation of the establishment of the Namcheon 17 Block horizontal housing maintenance project made?
It was announced on December 10, 2025, in accordance with the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing.
On December 10, 2025, the Suyeong-gu of Busan Metropolitan City officially announced the cancellation of the establishment approval of the Namcheon 17 Block horizontal housing maintenance project under Article 23-2 of the Act on Special Measures for Maintenance of Vacant Houses and Small-Scale Housing. This announcement, No. 2025-130 of Suyeong-gu, publicly declared the cancellation based on the majority agreement of the community for the establishment of the project association.
