Table of Contents
Approval of Association Establishment Change for Gyu-il Housing Small-Scale Reconstruction and Topographical Map
- Jaesong-dong 1057-17, project area, progress, location, viability
The small-scale reconstruction and maintenance project of Gyu-il Housing is being conducted on old multi-family housing located at 46 Jaeban-ro 103 and 1057-17 Jaesong-dong in Haeundae-gu, Busan. This project was officially announced in accordance with Public Notice No. 2026-14 from Busan Metropolitan City Haeundae-gu, regarding the approval of association establishment change and the topographical map of the project area. This has firmly established the administrative basis needed for promoting the project.
The current project area covers a total area of 2,796.6㎡ and includes a building from 2 basement floors to 19 above ground, planning to include approximately 100 households and various ancillary facilities. The area comprises aging housing built in 1980, with 51 units, which has continuously been pointed out as a problem due to physical wear and tear.
Looking at the surrounding real estate market, villas with a dedicated area of about 45㎡ are trading at around 80 million won, raising interest in improving living conditions and increasing asset value through reconstruction. Given this background, the maintenance of the complex is urgent.
This project has a structure that allows for almost twice the number of existing units to be supplied. Despite being a small-scale complex, it shows some potential for improvement in project viability. However, it must also be considered that due to the nature of a small-scale complex, there are limits to forming premiums at the level of large-scale reconstruction projects.
However, the scheduled start date for the project is set for January 2026, and the completion date is specified as December 2028, which can be seen as a positive factor for securing clarity in the schedule. Such a schedule will be an important factor that can provide trust to investors.
The Jaesong-dong area boasts a well-developed living commercial area and is located within a 15-minute walk to Donghae Line Jaesong Station. There are also various educational institutions such as Sinjae Elementary, Songsu Elementary, Bansan Elementary, Jaesong Middle, and Jaesong Girls’ Middle nearby.
Additionally, various administrative, judicial, and police institutions are concentrated nearby, including the Busan Eastern District Court, Busan District Prosecutor's Office, Jaesong District Police, Jaesong 2-dong Happiness Welfare Center, and Jaesong-dong Post Office, making the area highly regarded for its residential stability and convenience. Because of these characteristics, Jaesong-dong is emerging as an attractive area for many people.
The Gyu-il Housing small-scale reconstruction maintenance project association has received approval for this change. Through this, the association's articles of incorporation have been amended, executives elected, and members changed. The related topographical map can be verified at Land Use Regulation Basic Act, and relevant documents are available at the Architecture Department of Haeundae-gu, Busan.
Public Notice No. 2026-14 of Haeundae-gu, Busan
Gyu-il Housing Small-Scale Reconstruction Project
Approval of Association Establishment Change and Topographical Map
Regarding the Gyu-il Housing Small-Scale Reconstruction at Jaesong-dong 1057-17 and the adjoining plot, in accordance with Article 23(5) of the Act on Special Cases Concerning the Maintenance of Vacant Houses and Small-Scale Housing, the approval for association establishment change is granted and the topographical map concerning the business execution area is announced as below in accordance with Article 21(2) of the Enforcement Decree of the same law and Article 8 of the Land Use Regulation Basic Act.
Date: February 4, 2026
Mayor of Haeundae-gu, Busan
1. Type and name of the project
| Type of project | Project name |
| Small-scale reconstruction | Gyu-il Housing Small-Scale Reconstruction Project |
2. Location and area of the business execution area
| Location of the business execution area | Area of the business execution area |
| Jaesong-dong 1057-17 and adjoining plot | 2,796.6㎡ |
3. Scheduled start date and completion date of the project
| Scheduled start date | Scheduled completion date |
| January 1, 2026 | December 31, 2028 |
4. Name of the association and office location
| Name of the association | Office location |
| Gyu-il Housing Small-Scale Reconstruction Association | 55 Jaesong 1-ro 31-gil, Haeundae-gu (Jaesong-dong) |
5. Changes: amendments to the articles of incorporation, appointment of association executives, and change of members
6. Matters concerning the topographical map
○ Document on decision (change) of the business execution area
| Type | Map Display Number | Area Name | Location | Area (㎡) | Remarks |
| New | - | Gyu-il Housing Small-Scale Reconstruction Area | Jaesong-dong 1057-17 and adjoining plot | 2,796.6 | - |
○ Statement of reason for decision on business execution area
| Map Display Number | Location | Area (㎡) | Reason for decision |
| - | Jaesong-dong 1057-17 and adjoining plot | 2,796.6 | ∙ It aims to register the topographical map concerning the business execution area under Article 23(9) of the Act on Special Cases Concerning the Maintenance of Vacant Houses and Small-Scale Housing. |
Type
Public Notice
Agency type
District
Agency
Haeundae-gu
Public notice number
No. 2026-14
Title
Approval of Association Establishment Change for Gyu-il Housing Small-Scale Reconstruction and Topographical Map
Date
2026-02-04
#BusanPublicNotice, #HaeundaeGuPublicNotice, #GyuIlHousing, #SmallScaleReconstruction, #SmallScaleReconstructionMaintenanceProject, #ApprovalOfAssociationChange, #TopographicalMapNotice, #JaeSongDongReconstruction, #HaeundaeJaeSongDong, #JaeSongDongMaintenanceProject, #BusanReconstruction, #BusanMaintenanceProject, #OldHousingMaintenance, #SmallScaleHousingMaintenance, #VacantHouseSpecialLaw, #ReconstructionProgress, #ReconstructionViability, #JaeSongDongLocation, #DonghaeLineJaeSongStation, #HaeundaeLivingZone, #JaeSongDongCommercialArea, #NearBusanCourt, #NearBusanProsecutor, #HaeundaeResidentialEnvironment, #BusanUrbanMaintenance, #ReconstructionNotice, #HaeundaeDevelopment, #BusanHousingMaintenance, #JaeSongDongSmallScaleReconstruction
Frequently Asked Questions (FAQ)
Q. What is the location and project area of the Gyu-il Housing small-scale reconstruction project?
It involves old multi-family housing at 1057-17 Jaesong-dong and 46 Jaeban-ro 103 in Busan Haeundae-gu.
The Gyu-il Housing small-scale reconstruction project is targeting aging multi-family housing located at 1057-17 Jaesong-dong and 46 Jaeban-ro 103 in Haeundae-gu, Busan. The project area consists of old housing built in 1980 with 51 units, covering a total area of 2,796.6㎡. This area is in urgent need of improvement due to serious aging issues.
Q. What are the main changes in the execution area for this reconstruction project?
The approval for association establishment change was obtained, leading to amendments to the articles of incorporation, executive appointments, and member changes.
This project received approval for the association establishment change in accordance with the Vacant House and Small-Scale House Maintenance Special Act, facilitating amendments to the association's articles, election of executives, and member changes. Additionally, the topographical map of the business execution area has been announced, strengthening the administrative foundation. The topographical map and related documents can be checked at the Architecture Department of Haeundae-gu Office.
Q. What is the scale of the reconstruction project and the planned number of units?
The planned building will have 2 basement floors and 19 above-ground floors, providing approximately 100 units and ancillary facilities.
The project site is planned to have a building from 2 basement floors to 19 above ground, with approximately 100 units intended for supply. This structure nearly doubles the number of existing 51 units, expanding unit supply significantly. It will also include ancillary facilities, aiming for improvement in the living environment.
Q. When is the scheduled start date and completion date for the project?
The scheduled start date is January 2026, and the scheduled completion date is December 2028.
According to the notice from Haeundae-gu Office, the scheduled start date for the Gyu-il Housing small-scale reconstruction project is set for January 2026, with completion scheduled for December 2028. This schedule is expected to positively impact the stability of the project and the trust of investors.
Q. What is the living infrastructure and transportation condition in the JaeSongDong area?
It is within a 15-minute walk of Donghae Line Jaesong Station, with various educational and administrative/judicial institutions concentrated nearby.
JaeSongDong is located within a 15-minute walking distance of Donghae Line Jaesong Station, making transportation very convenient. The area includes various educational institutions such as Sinjae Elementary, Songsu Elementary, Bansan Elementary, JaeSong Middle School, and JaeSong Girls’ Middle School, as well as major administrative and judicial institutions like the Busan Eastern District Court, Busan District Prosecutor's Office, JaeSong Police Station, JaeSong 2-dong Happiness Welfare Center, and the JaeSong-dong Post Office, making it a highly rated area for residential stability and convenience.
