Table of Contents
Eco Delta City 15BL Kyungdong Joint Private Participation Public Rental / Public Housing Construction Project Plan Approval Notice (EDC 15BL)
- Overview, location, construction company, Kyungdong Construction, scale, deposit, sale schedule
The Busan Metropolitan City announced on January 14, 2026, that the 'Eco Delta City 15BL Private Participation Integrated Public Rental Housing Construction Project' will be conducted in the Eco Delta City 15BL area of Gangdong-dong, Gangseo-gu. This project has been approved in accordance with Article 35 of the Special Act on Public Housing, which includes procedures for obtaining building permits and housing construction project approval.
This project is expected to contribute to providing a stable housing environment for local residents. Busan City plans to continue expanding the supply of public housing to address housing issues.
This project, led by the Busan Urban Corporation, will proceed through the construction of public housing with private participation. Kyungdong Construction, Dongwon Development, Sammi Construction, and Jiwon Construction will collaborate to participate in the project.
The project involves cooperation between public and private sectors, where the public side will take charge of land provision and construction management, while private contractors will be responsible for design, construction, and defect management throughout the construction process. This collaborative structure is expected to lead to more efficient housing construction.
Eco Delta City 15BL covers a land area of 47,061㎡, consisting of a total of 6 buildings with one underground floor and 18 floors above. The total floor area is planned to be 98,695.2933㎡. This project is set to provide a total of 993 units of integrated public rental housing, with various small to medium-sized units ranging from 29㎡ to 59㎡.
The total project cost is set at 237.2 billion won, with land cost accounting for 32.3 billion won, construction cost for 172.6 billion won, and the remaining 32.3 billion won distributed for ancillary costs. The project period is set from 2021 to 2029, with construction beginning in 2026 and completion aimed for 2029.
This plan is expected to contribute to improving the residential environment in the area and providing various housing types.
In April 2024, a preferred bidder was selected, and a project agreement will be signed with the Kyungdong Construction Consortium in May of the following year. The agreement includes clauses reflecting the high inflation and interest rate situation, specifying standards for adjusting project costs in case of unexpected rapid price increases.
Additionally, standards were established for advance payments by the corporation if obtaining financing becomes difficult due to a downturn in the sales market. These measures are regarded as part of public policies aimed at reducing the burden on private construction companies and inducing the recovery of the local construction market.
Meanwhile, specific details such as deposit amounts, rental conditions, and supply schedules have not yet been finalized and will be announced through a separate notice later. The provision of large-scale public rental housing in Eco Delta City is expected to play an important role in stabilizing housing in the western Busan area and expanding public rental housing. These changes are anticipated to have a positive impact on local residents.
Busan Metropolitan City Notice No. 2026-3
Public Housing Construction Project Plan Approval Notice
The public housing construction project plan for the "Eco Delta City 15BL Private Participation Integrated Public Rental Housing Construction Project" located at 4405-23, Gangdong-dong, Gangseo-gu, Busan, has been approved according to Article 35(5) of the Special Act on Public Housing. This notice is hereby announced as follows.
January 14, 2026
Mayor of Busan Metropolitan City
1. Project Name
: Eco Delta City 15BL Private Participation Integrated Public Rental Housing Construction Project
2. Project Implementer
a. Name of the Implementer and Representative: Shin Chang-ho, Busan Urban Corporation
[Private contractors for public construction: Kyungdong Construction Co., Ltd., Dongwon Development Co., Ltd., Sammi Construction Co., Ltd., Jiwon Construction Co., Ltd.]
b. Address: 156 Sincheon-daero, Busanjin-gu, Busan
3. Project Overview
a. Site Location: Eco Delta City 15BL, Gangdong-dong, Gangseo-gu, Busan
b. Site Area: 47,061㎡
c. Project Scale: 6 buildings, 1 underground floor/18 above ground (maximum), total floor area 98,695.2933㎡, 993 residential units
d. Project Purpose: Residential buildings (apartments) and ancillary welfare facilities
e. Structure: Reinforced concrete
f. Project Cost: 237,162,000 thousand won
4. Project Period
: Project approval date ~ June 19, 2029 (scheduled)
5. Agenda Matter
: Matters subject to notice as per Article 35 of the Special Act on Public Housing
a. Building permits and other approvals in accordance with Article 11 of the Building Act
b. Approval of the project plan in accordance with Article 15 of the Housing Act
6. Others
: Relevant documents will be made available for public viewing at the Housing Policy Division of Busan Metropolitan City, the Building Division of Gangseo-gu Office, and the Housing Business Department of Busan Urban Corporation (☎051-810-1472). End.
Category
Notice
Organization Type
City
Agency
Busan Metropolitan City
Notice Number
No. 2026-3
Title
Public Housing Construction Project Plan Approval Notice (EDC 15BL)
Date
2026-01-14
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Frequently Asked Questions (FAQ)
Q. What is the location and scale of the Eco Delta City 15BL Private Participation Public Rental Housing Construction Project?
It will be developed as 6 buildings with a total of 993 units in Gangdong-dong, Gangseo-gu, Busan Eco Delta City 15BL.
This project will be conducted on a site of 47,061㎡ in Gangdong-dong, Gangseo-gu, Busan, at Eco Delta City 15BL. It will consist of 6 buildings from one underground floor to 18 above ground, with a total floor area of approximately 98,695㎡. A total of 993 units of integrated public rental housing will be supplied in various small to medium sizes ranging from 29㎡ to 59㎡. This scale is expected to significantly improve the residential environment in the western Busan area.
Q. Who are the implementers and participating contractors of this project?
Busan Urban Corporation is the implementer, and 4 companies including Kyungdong Construction will participate in the construction.
Busan Urban Corporation is leading the project, and the private construction contractors include Kyungdong Construction Co., Ltd., Dongwon Development Co., Ltd., Sammi Construction Co., Ltd., and Jiwon Construction Co., Ltd. The public side will be responsible for land provision and management, while the private side will handle design, construction, and defect management, creating a cooperative structure that is expected to facilitate efficient project execution.
Q. When was the project approval and notice issued?
The project plan was approved and announced by Busan City on January 14, 2026.
On January 14, 2026, the Busan Metropolitan City announced the project plan approval for the Eco Delta City 15BL Private Participation Integrated Public Rental Housing Construction Project in accordance with Article 35 of the Special Act on Public Housing. This completed the legal procedures for building permits and housing construction project approvals.
Q. What is the project duration and the expected start and completion dates for construction?
The project will span from 2021 to 2029, with construction starting in 2026 and completion aimed for 2029.
The entire project period is planned from 2021 to June 2029. Construction is scheduled to officially begin in 2026, with the goal of completion set for 2029. This schedule is systematically arranged to improve the residential environment and ensure stable housing supply.
Q. What are the deposit amounts, rental conditions, and sale schedule?
These are not yet confirmed and will be announced in a separate notice later on.
Specific details such as deposit amounts, rental conditions, and supply schedules are not currently finalized. The Busan Metropolitan City and relevant agencies plan to provide related information through a separate announcement, depending on the progress of the project. Citizens are advised to keep checking for ongoing notifications.
