Table of Contents
Notice on the Decision of the Maintenance Plan and Designation of the Jure 3 Redevelopment Project Maintenance Zone
When examining the area of Jure 3 in Jure-dong, Sasang-gu, it is important to consider the district map and location, number of households, project status, feasibility, and location analysis. It is necessary to monitor the development progress in this area carefully. Furthermore, the location advantages should also be taken into account.
On January 21, 2026, Busan Metropolitan City announced the decision on the maintenance plan and the designation of the Jure 3 redevelopment project maintenance zone in the Jure-dong area of Sasang-gu. This announcement was made based on Article 16 of the Urban and Residential Environment Maintenance Act, and a topographic map was also published. This is expected to further enhance local development.
The Jure 3 area officially became a maintenance zone about 1 year and 2 months after a resident briefing was held in November 2024, followed by public review and announcement. The swift progress of such administrative procedures is significant as it indicates that the institutional foundation necessary for project promotion has been established.
The project site is known to be a large-scale redevelopment area of approximately 57,403㎡ in Jure-dong, Sasang-gu. According to the plan, a total of 1,064 households are expected to be supplied, with an estimated number of cooperative members reaching about 570.
The composition of households varies, including 184 units of 59㎡, 291 units of 74㎡, 427 units of 84㎡, and 54 units of 99㎡ according to exclusive area standards. This composition reflects a wide range from small to medium-sized and large units, well catering to the demands of actual users.
According to the land use plan, some areas of the existing second-class general residential zone were changed to the third-class general residential zone to facilitate the development of high-rise apartments. The ratio of residential land to apartment land within the maintenance zone is set at about 68.5%, while road, park, and public space facilities were planned to constitute about 31.5%. In particular, underground parking is to be installed beneath the children's park to enhance land use efficiency.
In the architectural design, the building coverage ratio is set to be below 50%, the planned floor area ratio is below 278%, and the height is below 100m. Incentives for relaxing the floor area ratio have been applied to provide public facility sites, stimulate the local economy, and incorporate sustainable apartment elements. Consequently, the average result of the floor area ratio assessment has been included in the plan.
Moreover, more than 40% of the total households will be supplied with an exclusive area of 85㎡ or less, and rental housing will be secured to ensure at least 10% of the total households or 7% of the total floor area. These measures will contribute to improving the residential environment and increasing diversity in the community.
The estimated parity rate presented as a business feasibility indicator is calculated to be approximately 105.08%. This figure is based on an estimated total income of 644.1 billion won, a total project cost of 515.5 billion won, and a total value of existing assets of 122.4 billion won. However, this figure may fluctuate during the future management and disposition planning process.
Looking at the location conditions, it has the advantage of being close to Naengjeong Station on Busan Subway Line 2. Additionally, access to educational institutions such as Juhak Elementary School, Jure Middle School, and Jure Girls High School is relatively good. This area, being a densely populated residential region, is expected to see significant improvements in living conditions when redevelopment is completed.
With the designation of this maintenance zone, the Jure 3 redevelopment project can now proceed to the next stages, including the establishment of a cooperative and approval of the project implementation plan. This is being recognized as an important project for the reorganization of residential areas in the western part of Sasang-gu.
Busan Metropolitan City Notice No. 2026-19
Notice on the Decision of the Maintenance Plan and Designation of the Jure 3 Redevelopment Project
1. Regarding the maintenance zone of the Jure 3 redevelopment project in Jure-dong, Sasang-gu, Busan Metropolitan City, the decision on the maintenance plan and designation of the maintenance zone is hereby announced in accordance with Article 16 of the Urban and Residential Environment Maintenance Act, and the topographic map is published in accordance with Article 8 of the Basic Land Use Regulation Act and Article 7 of the Enforcement Decree of the same Act.
2. Related documents (land coordination available at "http://www.eum.go.kr") are kept available for public viewing at the City Maintenance Department of Busan Metropolitan City (☏051-888-4232) and the Architectural Department of Sasang-gu (☏051-310-4492).
January 21, 2026
Mayor of Busan Metropolitan City
I. Designation of the Maintenance Zone and Decision on the Maintenance Plan
1. Designation document of the redevelopment project maintenance zone
| Designation Classification | Type of Project | Name of Zone | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Jure 3 Redevelopment Project Maintenance Zone | Jure-dong, Sasang-gu, Busan Metropolitan City | 57,403 |
2. Redevelopment Project Maintenance Plan
○ Land Use Plan
| Classification | Name | Area (㎡) | Ratio (%) | Remarks | |
| Urban Management Planning Use Area | Total | 57,403 | 100.0 | ||
| Third-class General Residential Zone | 57,398 | 99.9 | ∙ Second-class → Third-class (45,166㎡) | ||
| Quasi-Residential Zone | 5 | 0.1 | |||
| Residential and Maintenance Infrastructure (Urban Planning Facilities) | Total | 57,403 | 100.0 | ||
| Residential Land | 39,348 | 68.5 | ∙ Includes community facilities | ||
| Apartment Land | 39,348 | 68.5 | |||
| Maintenance Infrastructure (Urban Planning Facilities) | 18,055 | 31.5 | |||
| Road | 12,226 | 21.3 | |||
| Park | 4,968 | 8.7 | ∙ Overlapping decision for parking lot under children's park (underground) (A=3,891㎡) | ||
| Public Space | 861 | 1.5 | |||
○ Plan for Change of Use Area
| Classification | Area (㎡) | Composition Ratio (%) | Remarks | |||
| Existing | Changed | After Change | ||||
| Use Area | Total | 57,403 | - | 57,403 | 100.0 | |
| Second-class General Residential Zone | 45,166 | Reduction) 45,166 | - | - | ||
| Third-class General Residential Zone | 12,232 | Increase) 45,166 | 57,398 | 99.9 | ||
| Quasi-Residential Zone | 5 | - | 5 | 0.1 | ||
■ Reason for Change of Use Area
| Drawing Number | Location | Use Area | Area (㎡) | Floor Area Ratio | Reason for Change | |
| Existing | Changed | |||||
| - | Jure-dong, Sasang-gu | Second-class General Residential Zone | Third-class General Residential Zone | 45,166 | Below 300% | ∙ The target area is densely populated by aging and dilapidated buildings, requiring improvement of living conditions and maintenance of infrastructure; therefore, it needs to be converted to a high-rise residential area for efficient land use. |
○ Estimated Share of Costs and Basis for Calculation by Land Owner
| Estimated Sharing Cost | Estimated Total Income | Estimated Total Project Cost | Estimated Total Assets | Estimated Parity Rate |
| 644,194,480,325 won | 515,585,580,220 won | 122,390,869,374 won | 105.08% | |
| Basis for Calculation | ∙ Estimated total assets = Sum of estimated total assets by land owners∙ Estimated parity rate = (Estimated total income - Estimated total project cost) / Estimated total assets X 100%∙ Estimated sharing cost by land owner = Cooperative member's sale price - Right value | |||
※ The above estimated total assets and individual sharing cost calculations are subject to change according to future management and disposition plans.
○ Plan concerning the main use, building coverage ratio, floor area ratio, and height of the building
| Classification | Zone Classification | Household or Parcel Classification | Location | Main Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||
| New | Jure 3 Redevelopment Project Maintenance Zone | 57,403 | 1-1 | 24,422 | Jure-dong 54-147, Sasang-gu | Apartments and related community facilities | Below 50% | Below 278% | Below 100m | - | ||||||||||||||||
| 2-1 | 14,926 | Sasang-gu, Jure-dong 84-103 | ||||||||||||||||||||||||
| Housing Scale and Construction Ratio by Size | ∙ Over 40% of the total number of households to be constructed must be of 85㎡ or less | |||||||||||||||||||||||||
| Construction of Rental Housing | ∙ At least 10% of the total number of households or 7% of the total floor area must be constructed as rental housing. 30% or more of the total number of rental housing units or 5% or more of the total number of households to be constructed must be rental housing units with a residential area of 40㎡ or less. | |||||||||||||||||||||||||
| Application of Relaxation Standards for Floor Area Ratio | ∙ Apply these standards according to the evaluation criteria for floor area ratios as per the "2030 Busan Metropolitan City Urban and Residential Environment Maintenance Basic Plan" and relaxation standards for floor area ratios.∙ Standard Floor Area Ratio: 249% (Residential Maintenance Zone 240%, Special Maintenance Zone 9%) | |||||||||||||||||||||||||
| Classification | Evaluation Criteria Score | ⇨ | Evaluation Criteria Points | Land Use | Standard Floor Area Ratio | |||||||||||||||||||||
| Jure 3 Area | 58 points | 50-80 points | Residential Maintenance Zone | 240% | ||||||||||||||||||||||
| ∙ Relaxation of Floor Area Ratio applies ▸ Incentives for providing public facility sites (up to 20%): 249% + 20% = 269% ▸ Average Floor Area Ratio Calculation - Second-class General Residential Zone ∘ Incentive: 1.5 × (7,153㎡ ÷ 29,023㎡) × 200% = 73.94% ∘ Allowable Floor Area Ratio: 249% + 73.94% = 322.94% - Third-class General Residential Zone ∘ Incentive: 1.5 × (373㎡ ÷ 10,325㎡) × 300% = 16.26% ∘ Allowable Floor Area Ratio: 249% + 16.26% = 265.26% ※ Average Floor Area Ratio | ||||||||||||||||||||||||||
| (322.94% × 29,023㎡) + (265.26% × 10,325㎡) | = 307.8% | |||||||||||||||||||||||||
| 29,023㎡ + 10,325㎡ | ||||||||||||||||||||||||||
| ▸ Incentives outside public interest elements - Local Economic Revitalization: 5% (The participation rate of local companies in design must be over 50%) - Sustainable Apartments: 5% ∙ Allowable Floor Area Ratio: 269% + 10% = 279% ∙ Planned Floor Area Ratio: below 278% | ||||||||||||||||||||||||||
Classification
Notice
Institution Classification
City
Institution
Busan Metropolitan City
Notice Number
No. 2026-19
Title
Notice on the Decision of the Maintenance Plan and Designation of the Jure 3 Redevelopment Project
Date
2026-01-21
#Jure3Redevelopment, #Jure3Zone, #JureDongSasangGu, #DesignationofMaintenanceZone, #DecisiononMaintenancePlan, #BusanNotice, #BusanRedevelopment, #UrbanMaintenanceProject, #SasangGuRedevelopment, #JureDongRedevelopment, #1064Households, #CooperativeMembers570, #ParityRate105, #FloorAreaRatio278, #JureDongLocation, #NaengjeongStation, #JureSchoolDistrict, #WestBusanDevelopment, #BusanResidentialMaintenance, #RedevelopmentFeasibility, #MaintenanceInfrastructure, #PublicFacilityExpansion, #BusanRealEstate, #SasangGuRealEstate, #JureDongApartments, #LargeScaleRedevelopment, #UrbanandResidentialEnvironmentMaintenanceAct, #TopographicMapNotice, #ProgressinMaintenanceProject, #BusanHousingMarket
Frequently Asked Questions (FAQ)
Q. What is the overview of the Jure 3 Redevelopment Project?
The Jure 3 zone is a large-scale redevelopment area supplying 1,064 households over approximately 57,403㎡ in Jure-dong, Sasang-gu.
Located in Jure-dong, Sasang-gu, the Jure 3 Redevelopment Project spans a total area of approximately 57,403㎡ and is expected to supply a total of 1,064 households with various layouts from 59㎡ to 99㎡. The estimated number of cooperative members is around 570, covering a wide range from small to large housing types. The project aims to improve residential conditions and revitalize the community.
Q. How was the designation process for the Jure 3 Redevelopment project maintenance zone conducted?
It was officially designated as a maintenance zone approximately 1 year and 2 months after the resident briefing and public review in November 2024.
The Jure 3 zone underwent a resident briefing and public review process in November 2024, resulting in its official designation as a maintenance zone about 1 year and 2 months later. This process was based on Article 16 of the Urban and Residential Environment Maintenance Act and was expedited, indicating that a solid institutional foundation for the project has been established. The designation notice was officially announced by Busan Metropolitan City on January 21, 2026.
Q. What are the land use and building plans within the project site?
Some portions of the second-class general residential zone have been changed to third-class to allow for high-rise apartment construction, with a building coverage ratio of 50%, a floor area ratio of 278%, and a height of less than 100m planned.
According to the land use plan, some areas of the existing second-class general residential zone have been changed to the third-class general residential zone to allow for the development of high-rise apartments. The ratio of residential land to apartment land is set at about 68.5%, while the park and infrastructure ratio is around 31.5%. In architectural design, the building coverage ratio is limited to 50% or less, with the floor area ratio not exceeding 278%, and a maximum height of less than 100m. Relaxation incentives for the floor area ratio are also applicable to support the expansion of public facilities and sustainable housing.
Q. What are the business feasibility indicators and financial outlooks?
The estimated parity rate is about 105.08%, calculated based on a total income of 644.1 billion won and a total project cost of 515.5 billion won.
The business feasibility indicator for the Jure 3 Redevelopment Project shows an estimated parity rate of approximately 105.08%, which is calculated based on an estimated total income of 644.1 billion won, a total project cost of 515.5 billion won, and a total value of existing assets of 122.4 billion won. However, this figure can fluctuate during the future management and disposition planning process. A positive parity rate suggests that the project has economic viability.
Q. What are the locational advantages of the Jure 3 zone?
It is conveniently located near Naengjeong Station on Busan Subway Line 2 and has good accessibility to educational institutions like Juhak Elementary School, Jure Middle School, and Jure Girls High School.
The Jure 3 zone is close to Naengjeong Station on Busan Subway Line 2, making public transport access convenient, and nearby educational facilities such as Juhak Elementary, Jure Middle School, and Jure Girls High School enhance the area's educational environment. Being an existing densely populated residential area, redevelopment is expected to significantly improve the living environment, and it is anticipated to play an important role in reorganizing residential areas in western Sasang-gu.
