Table of Contents
Dongseo Tower Apartment Redevelopment / Approval of Yeonsan 1 Area Small-Scale Redevelopment Project Association and Announcement of Topographical Map
- Yeonsan-dong, Yeonje-gu, 1873-85, area map, location, viability, progress
The small-scale redevelopment project in Yeonsan 1, which includes the Dongseo Tower Apartment located at Yeonsan-dong, Yeonje-gu, is underway. The approval for the establishment of the association has been recently completed, and the topographical map of the project site has been announced. This announcement, which is designated as Announcement No. 2026-8 by Yeonje-gu, is considered to have a fast pace in promoting the project since the approval of the association establishment occurred approximately four months after the public exhibition and announcement. It is expected that these changes will positively impact local development.
The project site is located at Yeonsan-dong, Yeonje-gu, 1873-85, covering a total area of 4,534㎡. This area includes the Dongseo Tower Apartment and adjacent commercial sites. However, the auto repair shop, daycare center, and International Yeonsan Apartment located near the intersection are excluded from this project, clearly separating the redevelopment zone. Additionally, the association office is located in the basement of the Dongseo Tower Apartment.
The Dongseo Tower Apartment is an older complex completed in 1990, consisting of 89 units across two buildings, with a height of up to 14 floors. All units are large-sized with a supply area of more than 102㎡, giving them a favorable structure compared to other complexes of similar size in terms of the number of units. The recent market price for a dedicated 84㎡ unit is approximately in the mid to late 200 million won range. Improving the aging complex through small-scale redevelopment is likely to lead to positive evaluations regarding profitability.
Especially, the designation of some areas in this Yeonsan 1 small-scale redevelopment project as semi-residential areas provides very favorable conditions for utilizing the floor area ratio. Compared to general residential areas, it allows for increased building density, which can enhance the project's viability despite it being a small-scale project.
Moreover, although it is a mid-rise apartment, the redevelopment method allows for rapid progression without the need for safety inspections for reconstruction, which acts as a significant advantage. These factors are expected to contribute to the increased likelihood of success for this project.
Location conditions are steadily improving. A road connecting the Hansung Apartment and Hyundai Apartment located behind the Dongseo Tower Apartment is scheduled to open in November 2025, which will significantly enhance traffic conditions in the area.
Additionally, the Hwangnyeong 3 Tunnel project is currently underway, which is expected to further strengthen future access to the metropolitan transportation network. Moreover, being located near Baksan Station on the Busan Subway Line 3, it is evaluated as a highly competitive area in terms of residential preference.
The Yeonsan 1 small-scale redevelopment project has now gained a regulatory basis through the approval of the association establishment and the announcement of the topographical map. Additional procedures, such as approving the project implementation plan, are scheduled to follow, allowing us to observe how the residential environment surrounding Yeonsan-dong will evolve.
Announcement No. 2026-8 by Yeonje-gu, Busan
Approval of the Yeonsan 1 Small-Scale Redevelopment Project Association and Announcement of Topographical Map
Regarding the "Yeonsan 1 Small-Scale Redevelopment Project" located at 1873-85 Yeonsan-dong, Yeonje-gu, Busan, the association establishment has been approved in accordance with Article 23 of the "Special Act on the Management of Vacant Houses and Small-Scale Dwellings", and the topographical maps regarding the association establishment and project execution area are announced as follows according to Article 21-2 of the enforcement decree of the same law and Article 8 of the Basic Act on Land Use Regulation.
February 4, 2026
Mayor of Yeonje-gu, Busan
1. Type and Name of the Project
| Type of Project | Project Name |
| Small-Scale Redevelopment Project | Yeonsan 1 Small-Scale Redevelopment Project |
2. Location and Area of Project Execution Area
| Location of Project Execution Area | Area of Project Execution Area |
| Yeonsan-dong 1873-85, Yeonje-gu | 4,534㎡ |
3. Anticipated Start and Completion Dates of the Project
a. Planned Start Date: Undecided
b. Planned Completion Date: Undecided
※ The above planned dates may change during the project promotion process.
4. Name of Association and Location of Office
| Name of Association | Office Location |
| Yeonsan 1 Small-Scale Redevelopment Maintenance Project Association | Sub-office in the basement of Dongseo Tower Apartment, 192 Yeonsuro, Yeonje-gu |
5. Approval for the establishment of the association is scheduled for January 7, 2026.
6. The issues related to the topographical map include the decision report on the project execution area.
| Category | Map Indication Number | District Name | Location | Area | Notes |
| New | - | Yeonsan 1 Small-Scale Redevelopment Project | Yeonsan-dong 1873-85, Yeonje-gu | 4,534㎡ | - |
b. Reason for Establishing the Project Execution Area
| Map Indication Number | Project Name | Location | Area | Reason for Decision |
| - | Yeonsan 1 Small-Scale Redevelopment Project | Yeonsan-dong 1873-85, Yeonje-gu | 4,534㎡ | In accordance with Article 23, Section 9 of the "Special Act on the Management of Vacant Houses and Small-Scale Dwellings," we intend to register the topographical map regarding the project execution area. |
7. Other Relevant Documents: Omitted
○ The topographical map according to Article 8 of the Basic Act on Land Use Regulation can be accessed on the Land Link website ([https://www.eum.go.kr](https://www.eum.go.kr)), and for more details, please contact the Building Department of Yeonje-gu Office (☎051-665-5054).
Category
Announcement
Type of Authority
District
Authority
Yeonje-gu
Announcement Number
No. 2026-8
Title
Approval of the Yeonsan 1 Small-Scale Redevelopment Project Association and Announcement of Topographical Map
Date
February 4, 2026
#Busan Announcement, #Yeonje-gu Announcement, #Yeonsan-dong Redevelopment, #Yeonsan 1 District, #Small-Scale Redevelopment, #Yeonsan 1 Small-Scale Redevelopment Project, #Dongseo Tower Apartment, #Approval of Association Establishment, #Topographical Map Announcement, #Busan Redevelopment, #Yeonje-gu Maintenance Project, #Yeonsan-dong Maintenance Project, #Aging Apartment Maintenance, #Semi-Residential Area, #Floor Area Ratio Utilization, #Redevelopment Viability, #Baksan Station Transit Zone, #Busan Subway Line 3, #Hwangnyeong 3 Tunnel, #Yeonsan-dong Traffic Improvement, #Yeonsan-dong Location, #Busan Urban Maintenance, #Redevelopment Progress, #Busan Small-Scale Maintenance, #Yeonje-gu Development, #Yeonsan-dong Residential Environment, #Busan Reconstruction Redevelopment, #Yeonsan-dong Dongseo Tower, #Yeonsan 1 Redevelopment
Frequently Asked Questions (FAQ)
Q. When was the approval of the association establishment and the announcement of the topographical map for the Yeonsan 1 small-scale redevelopment project granted?
The approval of the association establishment and the announcement of the topographical map for the Yeonsan 1 small-scale redevelopment project were granted on February 4, 2026, by the Yeonje-gu Office in Busan.
Approval for the association establishment was scheduled for January 7, 2026, and the final approval for both the association establishment and the topographical map announcement occurred on February 4, 2026, at the Yeonje-gu Office in Busan. This administrative procedure is important for securing the regulatory basis for the establishment and promotion of the association, and it indicates a rapid approval speed, occurring just about four months after the public exhibition and announcement. The announcement is specified as Announcement No. 2026-8 by Yeonje-gu, and the topographical map regarding the project execution area is accessible on the Land Link site.
Q. Where is the subject area of the Yeonsan 1 small-scale redevelopment project, and what is its area?
The subject area is located at Yeonsan-dong 1873-85, Yeonje-gu, Busan, with a total area of 4,534㎡.
The project subject area is located at Yeonsan-dong 1873-85, including Dongseo Tower Apartment and nearby commercial sites. The auto repair shop, daycare center, and International Yeonsan Apartment are excluded from the project, clearly defining the redevelopment zone. The total area is 4,534㎡, and the association office is situated in the basement of Dongseo Tower Apartment. This area aims to enhance the aging residential environment through redevelopment and contribute to local development.
Q. What are the characteristics of Dongseo Tower Apartment, and what is its current market price?
The Dongseo Tower Apartment was completed in 1990, consists of two buildings with a total of 89 units, is a large-sized complex, and the current price for an 84㎡ unit is approximately in the mid to late 200 million won range.
Dongseo Tower Apartment is an older complex built in 1990, consisting of two buildings with a total of 89 units and a height of up to 14 floors. All units are composed of large-sized layouts with a supply area of more than 102㎡, providing ample residential space. The recent transaction price for a dedicated 84㎡ unit is approximately in the mid to late 200 million won range, and it is expected that the improvement of the aging complex through small-scale redevelopment can lead to an increase in real estate value and a positive evaluation of the project's viability.
Q. What are the favorable factors for the viability of this redevelopment project?
Designation as semi-residential areas and the redevelopment method allow for increased floor area ratio utilization and rapid advancement, enhancing project viability.
This Yeonsan 1 small-scale redevelopment project has designated some areas as semi-residential, allowing for increased floor area ratio while strengthening building density. This is considered a condition that can significantly contribute to enhancing viability compared to general residential areas. Additionally, since the project is being promoted as a redevelopment, it can be carried out rapidly without safety inspections for reconstruction, saving time and costs while retaining advantages conducive to project promotion. These factors are expected to be key elements that enhance the likelihood of overall project success.
Q. What are the location and traffic conditions around Dongseo Tower Apartment in Yeonsan-dong?
The road scheduled to open in 2025, the ongoing Hwangnyeong 3 Tunnel project, and the proximity to Baksan Station on Line 3 of the subway contribute to excellent traffic and location conditions.
A road connecting the Hansung Apartment and Hyundai Apartment located behind Dongseo Tower Apartment is scheduled to open in November 2025, which is expected to greatly improve traffic convenience in the area. The development of Hwangnyeong 3 Tunnel is also currently underway, which will strengthen access to the metropolitan transportation network. Furthermore, the area is close to Baksan Station on Busan Subway Line 3, making public transportation convenient, thereby providing a highly competitive location with a high residential preference.