Table of Contents
Doosan We’ve the Zenith Ocean City / Wuam District 2 Redevelopment Project Partial Completion Approval Notice
The move-in for the area of 129 Wuam-dong, Nam-gu is starting. Information regarding the moving period, market prices, and premiums is crucial. Additionally, it is necessary to check the assignments related to Sinyeon Elementary School.
The Wuam District 2 redevelopment project (Doosan We’ve the Zenith Ocean City) has received partial completion approval in the Nam-gu area of Busan. Accordingly, the move-in process begins, and the city officially announced this fact on January 7, 2026.
The partial completion approval is an administrative action that allows for the use of completed sections of the building according to the project plan. This means that even though the entire complex might not be finished, residents can begin their move-in process and take advantage of various living infrastructures within the approved areas. However, some incomplete works and remaining facilities will be supplemented in subsequent phases. This process contributes to providing a smoother living environment for residents.
The expected move-in period for Doosan We’ve the Zenith Ocean City is approximately two months, from January 2, 2026, to March 3, 2026. Once actual residence begins, positive changes in the living environment around Wuam-dong are expected.
This complex, located at 129 Wuam-dong, Nam-gu, consists of a total of 29 buildings, making it a large apartment complex with a total of 3,048 units (including 214 rental units).
It is designed with 5 basement levels and 34 above-ground levels, providing a total of 3,735 parking spaces, allowing for approximately 1.22 parking spaces per unit. This complex uses an individual heating system and urban gas.
The exclusive area ranges from 84㎡ to various medium and large sizes, including a 124㎡ terrace type, and the construction company is known to be Doosan Construction.
Currently, the Doosan We’ve the Zenith Ocean City, which is undergoing occupancy, is experiencing price drops in some units. Particularly, given the significant price drops in units designated in the Sinyeon Elementary school zone, there is a possibility of partial market price recovery due to stabilization of occupancy and increased demand for actual residence.
Taking into account the scale of the complex, newly built premium, and the connection to the Daeyeon school district, the exclusive 84㎡ type is likely to stabilize in the mid-600 million won range in the long term. These factors could act as positive signs for future investors.
As the move-in progresses, issues regarding the elementary school zone have emerged as a major issue. The Busan Southern Education Support Office announced the adjustment plan for elementary school zones for the 2026 school year, and the final confirmed plan will be publicly available through the school district guidance service (GIS) later.
According to the administrative notice, the Doosan We’ve the Zenith Ocean City in Wuam has a structure where the assigned elementary school differs depending on the location.
The north line of the complex, buildings 109-119 and T103-T105, is assigned to Sinyeon Elementary School, while the south line, buildings 101-108, 120-123, T101-T102, and building 201 is assigned to Wuam Elementary School.
This assignment will serve as important information for residents.
As a result, there will be a phenomenon of different school districts even within the same complex. Units assigned to Sinyeon Elementary are grouped with the Daeyeon DIL area, which can be interpreted as increasing the likelihood of advancement to Daeyeon Middle School. On the other hand, units assigned to Wuam Elementary are more likely to proceed to Gamman Middle School or Donghang Middle School according to the existing school district system. This may lead to changes in parental preferences.
The division of school districts within the complex may impact the purchase market and rental demand in the long term. Particularly for actual demanders with school-aged children, the selection criteria are likely to become more stringent.
As actual occupancy begins following partial completion, the differentiation of school districts, location, and preference per building is expected to gradually reflect in the market. Therefore, it is crucial to closely observe the market trends in the future.
Busan Metropolitan City Nam-gu Notice No. 2026-3
Partial Completion Approval Notice for Wuam District 2 Redevelopment Project
The establishment of the maintenance plan and designation of the maintenance area is under Busan Metropolitan City Notice No. 2006-337 (2006.09.27.), changes to the maintenance plan and maintenance area under No. 2010-412 (2010.11.10.), No. 2011-430 (2011.11.23.), No. 2016-306 (2016.09.21.), No. 2022-260 (2022.07.06.), No. 2022-403 (2022.10.26.), and No. 2025-337 (2025.8.27.), and the approval of the business implementation plan as per Nam-gu Notice No. 2017-23 (2017.03.29.). The amended notice under No. 2017-100 (2017.11.01.) and the amendment notice under No. 2019-7 (2019.01.23.), No. 2019-75 (2019.06.27.), No. 2019-131 (2019.12.03.), No. 2022-91 (2022.09.14.), No. 2025-133 (2025.11.05.), and No. 2025-144 (2025.11.26.). Furthermore, the management disposal plan is approved by Nam-gu Notice No. 2017-123 (2017.12.20.), amendments under No. 2019-14 (2019.02.13.), No. 2019-142 (2019.12.16.), No. 2022-109 (2022.11.09.), and No. 2025-151 (2025.12.03.). Since the Wuam District 2 Redevelopment Project, located at 129 Wuam-dong, Nam-gu, has been completed as per the approved business implementation plan, partial completion approval is hereby announced in accordance with Article 83 Paragraph 3 of the Urban and Residential Environment Maintenance Act and Article 74 Paragraph 4 of the Enforcement Decree of the same Act.
January 7, 2026
Mayor of Nam-gu, Busan
1. Type and Name of Maintenance Project
a. Type: Redevelopment and Maintenance Project
b. Name: Wuam District 2 Housing Redevelopment Maintenance Project
2. Location and Area of the Maintenance Project
a. Location: The area of 129 Wuam-dong, Nam-gu, Busan
b. Area: 148,912.0㎡
3. Name and Address of the Implementer
a. Name: Kim Yu-chang, Chairman of the Wuam District 2 Housing Redevelopment Maintenance Association
b. Address: 3rd floor, 168-1 Wuam-ro, Nam-gu, Busan
4. Approval Details for Completion
| Building Scale | Classification | Details | Remarks |
| Site Area | 148,912.0㎡ | ||
| Total Floor Area | 440,642.8077㎡ | ||
| Building Area | 23,183.4933㎡ | ||
| Number of Units | 3,048 units | ||
| Number of Buildings/Floors | 29 residential buildings and 2 commercial buildings / 5 basement levels to 34 above-ground levels | ||
| Usage | Residential apartment and community facilities |
Excludes maintenance infrastructure and urban planning facilities (e.g., roads, scenic greenery, small parks, etc.).
The partial completion date is scheduled for December 29, 2025.
Classification
Notice
Agency Classification
District
Agency
Nam-gu
Notice/Announcement Number
No. 2026-3
Title
Partial Completion Approval Notice for Wuam District 2 Redevelopment Project
Date
January 7, 2026
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Frequently Asked Questions (FAQ)
Q. What does the partial completion approval for the Doosan We’ve the Zenith Ocean City Wuam District 2 redevelopment project mean?
Partial completion approval is an administrative action that allows part of the building to be used for move-in and rights transfer.
Partial completion approval is an administrative action that prioritizes the use of completed sections of the building according to the project plan. This allows move-in, residency registration, property transfer, and access to living infrastructures within the approved range, even before the entire complex is completed. Incomplete works and facilities will be supplemented later, providing a smooth living environment for residents.
Q. What is the move-in schedule and period for Doosan We’ve the Zenith Ocean City?
The move-in period will take place over about two months from January 2, 2026, to March 3, 2026.
Actual move-in will begin on January 2, 2026, following the partial completion approval, and will take place until March 3, 2026, for about two months. Once the move-in starts, a positive change in the living environment around Wuam-dong is expected. During this period, residents can proceed with their moving and settling preparations and reside in their new apartments.
Q. What is the scale of the Doosan We’ve the Zenith Ocean City and what major facilities does it include?
It is a large complex with a total of 29 buildings, 3,048 units, from 5 basement levels to 34 above-ground levels, with 3,735 parking spaces.
Located at 129 Wuam-dong, Doosan We’ve the Zenith Ocean City consists of 29 buildings and 3,048 units (including 214 rental units). Designed from 5 basement levels to 34 above-ground levels, it has a total parking capacity of 3,735, allocating approximately 1.22 spaces per unit. The building features a heating system using individual heating and urban gas, with exclusive areas ranging from 84㎡ to 124㎡ terrace types.
Q. What is the outlook for prices and premiums of apartments in Doosan We’ve the Zenith Ocean City?
While there are some price declines, it is highly likely to stabilize in the mid-600 million won range over the long term.
Currently, there is a price decline in some units, but considering the price drops in units designated for the Sinyeon Elementary school zone, some price recovery is expected due to increased actual residence demand following stabilization of occupancy. Considering the complex's size, new build premiums, and the linkage to the Daeyeon school district, the exclusive 84㎡ type is expected to stabilize in the mid-600 million won range in the long term, which could signal positive prospects for investors.
Q. What is the current assignment status for elementary schools for Doosan We’ve the Zenith Ocean City in Wuam District 2?
Some of the north line is assigned to Sinyeon Elementary, while some of the south line is assigned to Wuam Elementary.
Within the complex, the northern line (buildings 109-119, T103-T105) is assigned to Sinyeon Elementary School, while the southern line (buildings 101-108, 120-123, T101-T102, and building 201) is assigned to Wuam Elementary School. This division of school districts is important information for residents, as units assigned to Sinyeon Elementary are likely to have a higher chance of advancing to Daeyeon Middle School, while units assigned to Wuam Elementary are likely to proceed to Gamman Middle School or Donghang Middle School based on the existing school district system. This differentiation in school districts may influence parental preferences long term.
