Table of Contents
Maintenance Plan and Designation Notice for Gwang-an District 7 Redevelopment Project
The redevelopment plan for the area of Gwang-an-dong, Suyeong-gu, Busan, located at 177-6, is gaining attention.
Interest in real estate investment is rising as the area map and project feasibility are being reviewed.
Gwang-an-ri is an attractive investment location, and changes are anticipated in the future.
The maintenance plan for the ongoing Gwang-an District 7 redevelopment project in the area of Gwang-an-dong, Suyeong-gu, Busan has been finalized and officially designated as a maintenance area. The related notice is Busan Metropolitan City notice No. 2026-104, with the target area being 177-6, Gwang-an-dong, covering a total area of 91,891.9㎡.
This project is notable for being designated about 6 months after the public exhibition and explanation seminar for the maintenance plan was held in October 2025. This project is progressing relatively quickly among recent redevelopment projects in Busan.
This area, boasting excellent location conditions near Gwang-an-ri Beach, has easy accessibility to both Geumryeonsan Station and Gwang-an Station on Subway Line 2, greatly enhancing transportation convenience. Additionally, a variety of commercial facilities such as Gwang-an-ri Cafe Street and Namcheon-dong Food Street are nearby, which cater to the convenience of both residents and visiting tourists.
According to the maintenance plan, this area is scheduled to be upgraded from the existing general residential area type 2 to general residential area type 3. Additionally, the floor area ratio is set to be below 265%, and the maximum building height is to be below 130m. Approximately 99.8% of the housing supply is planned to be national housing with a dedicated area of 85㎡ or less, and the proportion of rental housing is expected to exceed 10%. This is anticipated to make the residential environment in this area even more attractive.
The land use plan indicates that the site for multi-family housing will occupy about 74% of the area, and infrastructure such as parks and roads will also be developed. Notably, new facilities like children's parks, street parks, small parks, and an underground parking lot (1,108㎡) will be added. Furthermore, a total of 7 new road lines are planned to improve the residential environment and traffic system simultaneously.
The project scale is expected to develop into a large-scale apartment complex with approximately 1,700 households. By revitalizing the aging residential structures in the Gwang-an-ri area, it is expected that the residential environment will improve and the area's value will increase. In particular, most planned units are planned to be small to medium-sized, suggesting the possibility of a demand-centric development.
Looking ahead, the goal is to obtain project implementation approval within four years of the date of the designation notice. Thereafter, a variety of procedural steps, including the establishment of a cooperative and management disposal plan, will be undertaken to initiate the development. This is expected to provide a better residential environment for local residents.
Busan Metropolitan City Notice No. 2026-104
Notice of Maintenance Plan Decision and Designation for Gwang-an District 7 Redevelopment Project
1. Regarding the maintenance area of the Gwang-an District 7 redevelopment project located in Gwang-an-dong, Suyeong-gu, Busan, at 177-6, it is announced as follows according to Article 16 of the Urban and Residential Environment Maintenance Act, along with the topographic map in compliance with Article 8 of the Fundamental Act on Land Use Regulation and Article 7 of its Enforcement Decree.
2. Related documents (the topographic map can be viewed at the “http://eum.go.kr”) are available at the Urban Maintenance Division of Busan Metropolitan City (☏ 051-888-4234) and the Building Division of Suyeong-gu (☏ 051-610-4661) for public viewing.
March 25, 2026
Busan Metropolitan City Mayor
Ⅰ. Designation of the Maintenance Area and Decision of the Maintenance Plan
1. Designation Report of the Redevelopment Project Maintenance Area
| Designation Type | Business Type | Name of Area | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Maintenance Area of Gwang-an District 7 Redevelopment Project | Gwang-an-dong 177-6, Suyeong-gu | 91,891.9 |
2. Redevelopment Maintenance Plan
A. Plan for Land Use
| Category | Name | Area (㎡) | Ratio (%) | Remarks | |||
| Urban Management Plan Use Area | Total | 91,891.9 | 100.0 | - | |||
| General Residential Area Type 3 | 85,042.1 | 92.5 | Type 2 → Type 3 | ||||
| Quasi-residential Area | 4,651.8 | 5.1 | - | ||||
| General Commercial Area | 2,198.0 | 2.4 | - | ||||
| Urban Management Plan Use District | Fire Protection District | 2,198.0 | 100.0 | ||||
| Land and Maintenance Infrastructure (Urban Planning Facilities) | Total | 91,891.9 | 100.0 | ||||
| [Building Site] | 68,042.0 | 74.0 | |||||
| Multi-family Housing Site (1-1) | 34,919.0 | 38.0 | |||||
| Multi-family Housing Site (2-1) | 29,641.0 | 32.3 | |||||
| Neighborhood Living Facility Site | 3,132.0 | 3.4 | |||||
| Elderly or Disabled Facilities Site | 350.0 | 0.4 | |||||
| [Maintenance Infrastructure] | 23,849.9 | 26.0 | |||||
| Children's Park | 2,524.0 | 2.7 | |||||
| Street Park 1 | 2,540.2 | 2.8 | |||||
| Street Park 2 | 453.8 | 0.5 | |||||
| Small Park | 1,108.0 | 1.2 | Intersection Decision (Underground) (Area=1,108㎡) | ||||
| Road | 17,223.9 | 18.7 | |||||
B. Plan for Changes in Land Use
| Category | Area (㎡) | Composition Ratio (%) | Remarks | |||
| Original | Change | After Change | ||||
| Total | 91,891.9 | - | 91,891.9 | 100.0 | ||
| Residential Areas | General Residential Area Type 2 | 85,042.1 | Reduce) 85,042.1 | - | - | |
| General Residential Area Type 3 | - | Increase) 85,042.1 | 85,042.1 | 92.5 | ||
| Quasi-residential Area | 4,651.8 | - | 4,651.8 | 5.1 | ||
| General Commercial Area | 2,198.0 | - | 2,198.0 | 2.4 | ||
■ Statement for Change of Land Use Area
| Map Reference Number | Location | Land Use Area | Area (㎡) | Floor Area Ratio | Reason for Change | |
| Original | Change | |||||
| - | Gwang-an-dong 177-6 | General Residential Area Type 2 | General Residential Area Type 3 | 91,891.9 | Up to 300% | ∙ The site is densely populated with old and poorly built structures, requiring improvement of residential environment and maintenance of infrastructure, and it is intended to change from General Residential Area Type 2 to General Residential Area Type 3 for efficient land use. |
Conclusion of estimated contributions and calculation basis by landowners.
| Estimated Contribution Amount | Estimated Total Revenue | Estimated Total Project Cost | Estimated Total Assets | Estimated Proportion Rate |
| 1,703,458,729,000 | 1,231,920,600,000 | 448,749,927,712 | 105.08% | |
| Calculation Basis | ∙ Total estimated assets = total estimated assets of landowners; ∙ Estimated proportion rate = (total estimated revenue - total estimated project cost) / total estimated assets; ∙ Estimated contribution amount by landowners = member’s sale price - value of rights. | |||
※ The estimates of total assets and individual contribution amounts above may be subject to change according to future management and disposal plans.
Plan for the main use, coverage ratio, floor area ratio, height, etc., of buildings.
| Category | Area Distinction | Household or Plot Distinction | Location | Main Use | Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) No. of Stories | Remarks | ||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||
| New Installation | Repair Area of Gwang-an District 7 Redevelopment Project | 91,891.9 | 1-1 | 34,919.0 | Multi-family Housing and Auxiliary Welfare Facilities | Below 30% | Below 265% | Below 130m | ||||||||||||
| 1-2 | 350.0 | In the area of Gwang-an-dong 186-7 | Facilities for the elderly and disabled | Below 50% | Below 200% | Below 30m | ||||||||||||||
| 1-3 | 988.0 | In the area of Gwang-an-dong 342 | Neighborhood Living Facility | Below 60% | Below 265% | Below 20m | ||||||||||||||
| 1-4 | 158.0 | In the area of Gwang-an-dong 372-16 | Neighborhood Living Facility | Below 50% | Below 200% | Below 20m | ||||||||||||||
| 2-1 | 29,641.0 | In the area of Gwang-an-dong 170-4 | Multi-family Housing and Auxiliary Welfare Facilities | Below 30% | Below 265% | Below 130m | ||||||||||||||
| 2-2 | 1,293.0 | In the area of Gwang-an-dong 372-13 | Neighborhood Living Facility | Below 60% | Below 265% | Below 20m | ||||||||||||||
| 2-3 | 271.0 | In the area of Gwang-an-dong 372-14 | Neighborhood Living Facility | Below 50% | Below 200% | Below 20m | ||||||||||||||
| 2-4 | 422.0 | In the area of Gwang-an-dong 174-4 | Neighborhood Living Facility | Below 60% | Below 265% | Below 20m | ||||||||||||||
| Housing scale and percentage of construction by scale | ∙ Approximately 99.8% of all constructed households will be 85㎡ or less. | |||||||||||||||||||
| Matters related to the construction of rental housing | ∙ More than 10% of the total units constructed will be rental housing. ∙ At least 30% of all rental housing units or more than 5% of the total constructed units will be rental housing with a residential exclusive area of 40㎡ or less. | |||||||||||||||||||
| Application of Floor Area Ratio Relaxation Standards | ∙ The standard floor area ratio evaluation criteria and relaxation criteria according to the “2030 Busan Urban and Residential Environment Maintenance Basic Plan (Revised)” will be applied. ∙ Standard floor area ratio calculation: 230% (residential maintenance area, design innovation not applied). | |||||||||||||||||||
| Category | Evaluation Standard Score | |||||||||||||||||||
| Gwang-an District 7 | 71 | |||||||||||||||||||
| Evaluation Criteria Points | Land Use | Standard Floor Area Ratio | ||||||||||||||||||
| Gwang-an District 7 | Residential Maintenance | 230% | ||||||||||||||||||
| ∙ Floor area ratio relaxation will be applied - maximum allowable floor area ratio = [residential area × (standard floor area ratio + total public benefit incentive related to the residential area) + commercial area × (standard floor area ratio + total public benefit incentive related to urban maintenance)] ÷ (residential area + commercial area) = [64,980.0㎡ × (230% + 20%) + 1,500.0㎡ × (360% + 20%) + 1,212.0㎡ × (600% + 60%)] ÷ 67,692.0㎡ = 260.2% - Regional economic revitalization incentive: 11% (5% to designers, 6% to subcontractors) ∙ Allowable average floor area ratio: 260.2% + 11% = 271.2% ∙ Planned floor area ratio: below 265% (adjusted density considering surrounding conditions and rational land use within the target area). | ||||||||||||||||||||
| Plan for Building Line of Buildings | ∙ In accordance with Article 39-2 of the Busan Metropolitan City Building Ordinance. | |||||||||||||||||||
Frequently Asked Questions (FAQ)
Q. What are the main contents of the Gwang-an District 7 redevelopment project maintenance area designation?
Gwang-an District 7 has been designated as a maintenance area covering 91,891.9㎡ located at 177-6, Gwang-an-dong, Suyeong-gu, Busan.
The Gwang-an District 7 redevelopment project is officially announced under Busan Metropolitan City notice No. 2026-104 and targets the area of Gwang-an-dong 177-6. The total area amounts to approximately 91,891.9 square meters, and this designation aims to improve the residential environment and increase regional value through redevelopment. Notably, this designation occurred relatively quickly about 6 months after the public exhibition and explanation meeting held in 2025.
Q. What are the plans regarding the residential environment and floor area ratio for the Gwang-an District 7 redevelopment project?
It will be elevated to a general residential area type 3, with a floor area ratio of less than 265%, and the maximum building height will be set at less than 130m.
According to the maintenance plan for the redevelopment project, Gwang-an District 7 will change its land use designation from general residential area type 2 to general residential area type 3. The floor area ratio will be restricted to below 265%, and the height of buildings will be planned to be below 130 meters. Approximately 99.8% of the housing supply will be in the form of national housing with an area of 85㎡ or less, and rental housing will be included in excess of 10%. These housing types and the elevation of the land use designation focus on creating a pleasant and demand-oriented residential environment.
Q. How is the location, transportation, and convenience facilities in Gwang-an District 7?
It is located near Gwang-an Beach with excellent access to both Geumryeonsan Station and Gwang-an Station of Subway Line 2, and has an abundance of commercial facilities.
Gwang-an District 7 is adjacent to Gwang-an-ri Beach, boasting excellent natural environment and scenery. It has very good transportation access, being able to utilize both Geumryeonsan Station and Gwang-an Station on Subway Line 2. Nearby, there are various commercial facilities and tourist attractions, such as Gwang-an-ri Cafe Street and Namcheon-dong Food Street, making life convenient for both residents and visitors. These location characteristics are expected to greatly contribute to the increase in future value and stable demand.
Q. How will the infrastructure and park plans for the Gwang-an District 7 redevelopment project be promoted?
74% will be allocated for multi-family housing, and new facilities such as a children's park, street parks, small parks, and an underground parking lot will be established.
According to the land use plan, approximately 74% of Gwang-an District 7 will be multi-family housing land, with supporting infrastructure such as parks and roads being concurrently developed. Notably, various green spaces such as children's parks, street parks, and small parks will be newly established to help residents relax and enjoy leisure time. Additionally, an underground parking lot with an area of 1,108㎡ is planned to enhance residential convenience, and new roads will also be added to improve the traffic system. This is expected to create a comfortable and safe residential environment.
Q. What are the future schedules and procedures for the Gwang-an District 7 redevelopment project?
The goal is to obtain project implementation approval within four years of the designation announcement, after establishing a cooperative and other procedures will be followed for development.
The Gwang-an District 7 redevelopment project is intended to operate with the goal of obtaining project implementation approval within four years of the designated notice date of March 25, 2026. Following that, a series of administrative and legal procedures such as establishing a cooperative and preparing a management disposal plan will take place, leading to the full-scale development phase. This process is expected to realize an optimal residential environment through resident opinion collection and plan adjustments, providing better living conditions and conveniences for residents.