Table of Contents
Public Announcement of the Maintenance Plan Decision and Maintenance Area Designation for Shin Pyeong 1 Redevelopment Project
- 111-213 Sinpyeong-dong, Saha-gu, area map, location, Shinpyeong market redevelopment, project feasibility, progress
The Shin Pyeong 1 redevelopment project is now under the public announcement for the decision on the maintenance plan and designation of the maintenance area in the vicinity of 111-213 Sinpyeong-dong, Saha-gu. According to Announcement No. 2026-205 of Saha-gu, Busan, this process is carried out based on Article 15 of the "Urban and Residential Environment Maintenance Act".
The residents' briefing is scheduled to be held on February 27, 2026, and the public announcement for residents is planned to continue until March 13. It is worth noting that the Shin Pyeong 1 redevelopment is a separate project from the reconstruction of Sinpyeong Samik Apartments. Attention is drawn to what changes this project will bring to the area.
The total area of the maintenance zone is 107,810㎡, divided into Phase 1 and Phase 2. The land area of Phase 1 is 54,351㎡, while Phase 2 is 12,924㎡. The floor area ratio in Phase 1 is approximately 324%, and in Phase 2, it is around 279%. The overall average floor area ratio is planned to be below approximately 315%.
In particular, Phase 1 is configured with a mix of Secondary General Residential Areas and Semi-Residential Areas, allowing for a higher average floor area ratio. This area was once included in the Shin Pyeong 1 Residential Environment Improvement Project, but it is currently deregulated. This background is expected to positively influence the potential for future development.
According to the construction plan, the main purpose is to set up apartments and neighborhood living facilities. The building coverage ratio is limited to less than 25%, with a maximum height of 130m for Phase 1 and 105m for Phase 2. More than 40% of the entire units must be constructed with a dedicated area of 85㎡ or less, and the proportion of rental housing must also be secured to be at least 10%. Especially, a certain proportion of the rental housing must be small housing with an area of 40㎡ or less.
The publicly available information is somewhat limited, and there is currently uncertainty regarding specific areas. Based on the presented land area and floor area ratio, a rough estimate suggests that, if mainly consisting of units with a dedicated area of 59-84㎡, approximately 1,600 units could be feasible in Phase 1 and around 330 units in Phase 2. This means the total number of units is expected to be approximately 1,900 units. However, it should be noted that this is a simple calculation result before concrete architectural plans are established.
Currently, the project site is criticized for its poor residential environment surrounding the Sinpyeong Market and old housing areas. Awareness of the need for maintenance is increasing, regardless of the project's profitability. This area is adjacent to the densely populated residential areas of Sinpyeong-dong and is well connected to major trunk roads in Saha-gu.
The ongoing phase is the public announcement of the maintenance plan decision and maintenance area designation, with the final decision on the area designation expected through the deliberation of the urban planning committee. There are several steps remaining, including approval from the promotion committee, establishment of an association, project execution approval, and management disposal approval, thus requiring careful monitoring of the progress from a long-term perspective.
The Shin Pyeong 1 redevelopment is a large-scale residential area maintenance project in Saha-gu, currently in its early stages where expansion is anticipated. As the results of the public consultation and administrative procedures progress, specific details of the project are expected to become clear.
Attending the residents' briefing would be beneficial for anyone seeking accurate information.
Announcement No. 2026-205 of Saha-gu, Busan
Public Announcement of the Maintenance Plan Decision and Maintenance Area Designation for the Shin Pyeong 1 Redevelopment Project
Regarding the decision on the maintenance plan and the designation of the maintenance area for the Shin Pyeong 1 redevelopment project in the area of 111-213 Sinpyeong-dong, Saha-gu, Busan, a residents' briefing and public announcement are held according to Article 15, Paragraph 1 of the "Urban and Residential Environment Maintenance Act" and Article 13 of the Enforcement Decree of the same law. If you have any comments, please submit your written opinions to the Housing Maintenance Department of Saha-gu Office during the public announcement period.
February 2026
11th
The Mayor of Saha-gu, Busan
1. Overview of the Residents' Briefing
a. Date: February 27, 2026 (Friday) 16:00
b. Location: Saha-gu Office Building 2, Large Auditorium (185 Hasin Central Road, Saha-gu, Busan)
c. Participants: Landowners and residents
d. Content: Explanation of the maintenance plan decision and designation of the maintenance area for the Shin Pyeong 1 redevelopment project
2. Overview of the Public Announcement
a. Announcement Period: February 11, 2026 (Monday) ~ March 13, 2026 (Friday) (more than 30 days from the announcement date)
b. Place of Public Announcement
1) Housing Maintenance Department of Saha-gu Office (Dangri-dong, Annex 1st floor)
2) (Tentative) Promotion Preparation Committee Office (118 Dadaero 142-gil, 1st floor, 15:30~18:00)
c. Content of the Public Announcement: Public announcement of the maintenance plan decision and maintenance area designation for the Shin Pyeong 1 redevelopment project
1) Draft of the maintenance area designation
| Type | Project Classification | Area Name | Location | Area (㎡) | Notes |
| New | Redevelopment Project | Maintenance Area for the Shin Pyeong 1 Redevelopment Project | Area of 111-213 Sinpyeong-dong, Saha-gu | 107,810 |
2) Estimated amount of shared costs by landowners and basis for calculation: Refer to the public announcement documents
3) Plans for the installation and maintenance of urban planning facilities and maintenance base facilities: Refer to the public announcement documents
4) Plans for the installation of common facilities: Refer to the public announcement documents
5) Plans regarding the main use of buildings, building coverage ratios, floor area ratios, and heights
| Classification | District Classification | Zoning Classification | Location | Main Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | ||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | ||||||||||||||||
| New | Maintenance Area for Shin Pyeong 1 Redevelopment Project | 107,810 | 1-1 | 54,351 | Area of 111-213 Sinpyeong-dong | Apartments and Neighborhood Living Facilities | Below 25% | Below 324% | Below 130m | ||||||||||
| 1-2 | 1,200 | Area of 161-79 Sinpyeong-dong | Office Facilities | Below 50% | Below 279% | Below 22m | |||||||||||||
| 2-1 | 12,924 | Area of 90-36 Sinpyeong-dong | Apartments and Neighborhood Living Facilities | Below 25% | Below 279% | Below 105m | |||||||||||||
| Housing Scale and Construction Ratio | • More than 40% of the total constructed housing units must be less than or equal to 85㎡ | ||||||||||||||||||
| Matters Concerning Rental Housing Construction | • At least 10% or more of the total housing units constructed must be rental housing, or more than 7% of the total floor area must be rental housing. • 30% or more of the rental housing units, or 5% or more of the total constructed housing units must be rental housing of 40㎡ or less. | ||||||||||||||||||
| Application of Floor Area Ratio Relaxation Criteria | • Application of basic floor area ratio evaluation criteria as per "2030 Busan Metropolitan City Urban and Residential Environment Maintenance Basic Plan" 1) Basic Floor Area Ratio: 279% (Development Induction Zone 270%, Special Maintenance Zone 9%) • Calculation of Floor Area Ratio 2) Average Floor Area Ratio calculated based on the basic floor area ratio a. Phase 1: ① Second General Residential Area - Basic Floor Area Ratio: 279.0%, Land Area: 23,985.0㎡ ② Semi-Residential Area - Basic Floor Area Ratio: 360.0%, Land Area: 30,366.0㎡ ③ Average Floor Area Ratio Calculation | ||||||||||||||||||
| (279.0% × 23,985.0㎡) + (360.0% × 30,366.0㎡) | = 324.3% | ||||||||||||||||||
| (23,985.0㎡ + 30,366.0㎡) | |||||||||||||||||||
| b. Phase 2: ① Second General Residential Area - Basic Floor Area Ratio: 279.0%, Land Area: 12,924.0㎡ 3) Calculation of average floor area ratio for phases 1 and 2 based on the basic floor area ratio | |||||||||||||||||||
| (324.3% × 54,351.0㎡) + (279.0% × 12,924.0㎡) | = 315.6% | ||||||||||||||||||
| (54,351.0㎡ + 12,924.0㎡) | |||||||||||||||||||
| 4) Planned Floor Area Ratio: Planned to be below 315% | |||||||||||||||||||
6) Other Maintenance Plans: Refer to the public announcement documents
3. Public Announcement Documents: Omitted from posting (available at the public announcement place)
4. Method of Submitting Opinions: Submit written opinions at the public announcement place within the public announcement period
5. Detailed information can be found in the documents available at the public announcement place, and the content may change according to the administrative procedures such as the deliberation of the Urban Planning Committee.
Classification
Announcement
Agency Classification
District
Agency
Saha-gu
Announcement Number
No. 2026-205
Title
Public Announcement of the Maintenance Plan Decision and Maintenance Area Designation for the Shin Pyeong 1 Redevelopment Project
Date
February 11, 2026
#Busan Announcement, #Saha-gu Announcement, #Shin Pyeong 1 Area, #Sin Pyeong Dong Redevelopment, #Shin Pyeong Market Redevelopment, #Maintenance Area Designation Proposal, #Maintenance Plan Public Announcement, #Residents' Briefing, #Saha-gu Redevelopment, #Busan Redevelopment, #111 Sinpyeong Dong, #Area 107810, #㎡, #Floor Area Ratio 315, #Semi-Residential Area, #Second General Residential Area, #Phase 1 1600 units, #Phase 2 330 units, #About 1900 units, #Mandatory Ratio of Rental Housing, #40% of units under 85㎡, #Sin Pyeong Dong Residential Maintenance, #Saha-gu Maintenance Project, #Busan Urban Maintenance, #Urban Planning Committee, #Maintenance Plan Decision, #Area Map, #Redevelopment Progress, #Sin Pyeong Dong Residential Environment, #Busan Sin Pyeong Dong, #Saha-gu Development
Frequently Asked Questions (FAQ)
Q. What is the Maintenance Plan Decision and Maintenance Area Designation for the Shin Pyeong 1 Redevelopment Project?
The Shin Pyeong 1 Redevelopment Project is a public announcement procedure regarding the maintenance plan and area designation for the redevelopment of Sinpyeong-dong in Saha-gu, Busan.
The Shin Pyeong 1 Redevelopment Project is being promoted in the vicinity of 111-213 Sinpyeong-dong, Saha-gu, Busan. A public announcement for the maintenance plan decision and maintenance area designation will be conducted according to Article 15 of the "Urban and Residential Environment Maintenance Act". Through this process, residents and landowners can review the plans and provide their feedback. This procedure is a crucial step as the final area designation will be decided through the deliberation of the Urban Planning Committee.
Q. What is the area size and floor area ratio of the Shin Pyeong 1 Redevelopment Project?
The redevelopment area totals 107,810㎡, divided into Phase 1 (54,351㎡) and Phase 2 (12,924㎡), with an average floor area ratio planned to be around 315% or less.
The Shin Pyeong 1 Redevelopment Project consists of a total area of 107,810㎡, divided into Phase 1 and Phase 2. Phase 1 has a mix of Secondary General Residential Areas and Semi-Residential Areas, with an average floor area ratio set at 324%, while Phase 2 has a floor area ratio at 279%. The overall average floor area ratio is planned to be around 315% or less, leading to the prospect of approximately 1,900 housing units.
Q. When and where will the residents' briefing be held?
The residents' briefing is scheduled for February 27, 2026, at 4 PM in the large auditorium of the Saha-gu Office Building 2.
The residents' briefing related to the Shin Pyeong 1 Redevelopment Project will be held on Friday, February 27, 2026, at 4 PM, in the large auditorium of the Saha-gu Office Building 2, Busan. Landowners and local residents are welcome to attend, and explanations and Q&A sessions regarding the maintenance plan decision and area designation will take place. This is an important opportunity to check detailed information and inquire about any questions.
Q. What is the estimated number of housing units and types planned for the redevelopment project?
A total of approximately 1,900 units are expected to be constructed, with more than 40% being 85㎡ or less, and a rental housing ratio of over 10%.
The redevelopment project is expected to establish approximately 1,600 units in Phase 1 and about 330 units in Phase 2, totaling around 1,900 units of housing. More than 40% of the total units will be planned to have a dedicated area of 85㎡ or less, focusing on small and medium-sized housing. Additionally, over 10% of the housing units will be allocated for rental housing, with a certain percentage of those being small rental units of 40㎡ or less.
Q. Is the redevelopment area part of the same project as the Shinpyeong market redevelopment?
The Shin Pyeong 1 Redevelopment Project is an independent project separate from the Shin Pyeong market redevelopment.
The Shin Pyeong 1 Redevelopment Project is progressing independently from the reconstruction of the Sinpyeong Samik Apartments or the Shin Pyeong Market redevelopment. This project aims to improve the old residential environment in the area of 111-213 Sinpyeong-dong, Saha-gu and stimulate the region independently through maintenance plan and area designation procedures, differing from the Shin Pyeong market redevelopment. Each project operates with its own policies, plans, and directions.
