Table of Contents
Holding of Resident Briefing and Public Review & Announcement on the Maintenance Plan Decision and Maintenance Area Designation for Jeonpo 3 Redevelopment Project
- Area of Jeonpo-dong, Busanjin-gu, 191-7, area map, business feasibility, progress status
Busanjin-gu has announced a public notice to inform residents about the maintenance plan and maintenance area designation for the Jeonpo 3 redevelopment project. The project area is approximately 93,358㎡ around Jeonpo-dong 191-7, and the resident briefing will take place on May 7, with the public review scheduled for a period of 31 days until May 15.
This project is expected to be developed into a residential complex of approximately 1,735 units, ranging from 3 underground floors to 35 above ground. The estimated number of landowners is about 750, and most of the designated area will likely be upgraded to the third type of general residential area. The planned floor area ratio is expected to be approximately 250%.
The project was previously canceled due to insufficient feasibility but is now being re-pursued. During this process, conditional approval for preliminary feasibility was made to add various improvements, such as road expansion, access routes, and park placements. In particular, the handling of traffic on Jinnam-ro and Dongseong-ro and the connection arrangement with Jeonpo-daero have emerged as key issues.
From a business feasibility perspective, the Jeonpo-Seomyeon living area presents both advantages and disadvantages. It offers excellent accessibility, yet the burdens of public contributions and infrastructure acquisition, along with rising project costs, may pose challenges. Moreover, the history of conflicts with previous public housing complex projects could affect the project's stability.
The current stage of the project is in the early process before the designation of the maintenance area. It is likely to take considerable time before construction and sales begin. Although the regional location has favorable aspects, meticulous approaches that fully consider project conditions and cost structures are required.
Busan Metropolitan City Busanjin-gu Announcement No. 2026-538
Holding of Resident Briefing and Public Review & Announcement on the Maintenance Plan Decision and Maintenance Area Designation for Jeonpo 3 Redevelopment Project
Regarding the maintenance plan decision and maintenance area designation for the Jeonpo 3 redevelopment project in the area of Busanjin-gu, Jeonpo-dong, 191-7, the public review will be conducted and a resident briefing will be held as outlined below in accordance with Article 15 of the Urban and Residential Environment Maintenance Act and Article 13 of the Enforcement Decree. If you have any comments, please submit a written opinion to the Building Department of the Busanjin-gu Office during the public review period.
April 15, 2026
Mayor of Busanjin-gu, Busan Metropolitan City
1. Overview of the Resident Briefing
a. Date:
May 7, 2026 (Thursday) 17:00
b. Location:
Grand auditorium, Basement 1, Busanjin-gu Office [30, Citizen Park Road, (Buam-dong)]
c. Participants:
Landowners and residents, etc.
d. Content:
Explanation of the maintenance plan decision and maintenance area designation
2. Overview of the Public Review
a. Period:
From April 15, 2026 (Wednesday) to May 15, 2026 (Friday) (31 days)
b. Location:
8th Floor, Building Department, Busanjin-gu Office, Busan Metropolitan City (☎051-605-8582)
c. Contents of the public review
1) Designation document for the maintenance area
| Category | Project Classification | Area Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Maintenance Area for Jeonpo 3 Redevelopment Project | Area around Jeonpo-dong 191-7, Busanjin-gu | 93,358 | - |
2) Maintenance Plan Decision
a) Estimated shared cost by landowners and reasons for valuation
| Estimated Shared Cost | Estimated Total Revenue | Estimated Total Project Cost | Estimated Total Asset Value | Estimated Proportion Rate |
| 1,045,132,682,000 KRW | 774,902,000,000 KRW | 259,024,000,000 KRW | 104.33% | |
| Basis of Valuation | ㆍTotal Asset Value Estimated = Sum of Estimated Total Assets by LandownersㆍEstimated Proportion Rate = (Estimated Total Revenue - Estimated Total Project Cost) / Estimated Total Asset ValueㆍEstimated Shared Cost = Membership Sales Price - Rights Value | |||
※ The above estimates may change based on changes in sale scale due to the approval process of business implementation and management plans, reevaluation after the fact, determination of general sales prices, and variations in maintenance project costs (common burden costs).
b) Planning Related to Land Use Designation
| Category | Area (㎡) | Composition Ratio (%) | Remarks | ||
| Existing | Change | After Change | |||
| Total | 93,358 | - | 93,358 | 100.0 | - |
| 2nd Class General Residential Area | 79,075 | Decrease) 79,075 | - | - | - |
| 3rd Class General Residential Area | 8,072 | Increase) 79,075 | 87,147 | 93.3 | - |
| General Commercial Area | 6,211 | - | 6,211 | 6.7 | Fire District |
c) Land Use Plan
| Category | Name | Area (㎡) | Ratio (%) | Remarks | ||
| Land for Urban Management Planning | Total | 93,358 | 100.0 | |||
| 3rd Class General Residential Area | 87,147 | 93.3 | 2nd Class → 3rd Class 79,075㎡ | |||
| General Commercial Area | 6,211 | 6.7 | ||||
| Urban Management Planning District | Fire District | 6,211 | 6.7 | |||
| Land and Maintenance Infrastructure (Urban Planning Facility) | Total | 93,358 | 100.0 | |||
| Land | 65,733 | 70.4 | ||||
| Residential Complex | 65,733 | 70.4 | ||||
| Maintenance Infrastructure (Urban Planning Facility) | 27,625 | 29.6 | ||||
| Road | 18,484 | 19.8 | ||||
| Parking Lot | 1,900 | 2.0 | ||||
| Park | 6,035 | 6.5 | ||||
| Public Space | 1,206 | 1.3 | ||||
d) Plans related to the main purpose, building coverage ratio, floor area ratio, height, etc. of buildings
| Category | Area Classification | Unit or Lot Classification | Location | Main Purpose | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||||||||||||||||||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||||||||||||||||||
| New | Maintenance Area for Jeonpo 3 Redevelopment Project | 93,358 | 1-1 | 65,733 | Area around Jeonpo-dong 191-7, Busanjin-gu | Residential Complex and Auxiliary Welfare Facilities | Below 50 | Below 250 | Below 115 | |||||||||||||||||||||||||||||||||
| Housing Scale and Construction Ratio | ∙ More than 40% of the total number of residential units being constructed will be less than 85㎡ | |||||||||||||||||||||||||||||||||||||||||
| Regarding the Construction of Rental Housing | ∙ At least 10% of the total number of residential units being constructed as rental housing. ∙ More than 30% of rental housing units or at least 5% of the total constructed housing units → to be built as rental housing of 40㎡ or less | |||||||||||||||||||||||||||||||||||||||||
| Application of Floor Area Ratio Relaxation Criteria | · Application of the criteria for evaluation of the standard floor area ratio and relaxation criteria as defined in the ‘Basic Plan for Urban and Residential Environment Maintenance in Busan Metropolitan City 2030’· Standard floor area ratio: 240% (Residential Maintenance Area), 600% (including residential maintenance project and general commercial area) | |||||||||||||||||||||||||||||||||||||||||
| Classification | Evaluation Score | Evaluation Score Credit | Land Use | Standard Floor Area Ratio | ||||||||||||||||||||||||||||||||||||||
| Jeonpo 3 Area | 52 | Below 50~80 points | Residential Maintenance Area | 240% | ||||||||||||||||||||||||||||||||||||||
| · Floor Area Ratio Incentives [Public Element Incentives (provision of public facility site)]· Phase 1: Calculate the maximum allowable floor area ratio when incentives are applied (maximum allowable with incentives)‣ When incentives are applied, the maximum allowable floor area ratio = [65,733㎡×(240%+40%)+0㎡×(600%+40%)]÷(65,733㎡+0㎡) = 280%‣ The maximum allowable floor area ratio when public elements are provided = [65,733㎡×(240%+20%)+0㎡×(600%+20%)]÷(65,733㎡+0㎡) = 260%· Phase 2: Calculate the average floor area ratio‣ A: Initially third class general residential area (applying standard floor area ratio of 240%) - Incentives: 1.5×(-1,200㎡÷5,091㎡)×300% = -106.06%- Allowable floor area ratio: 240% - 106.06% = 133.94%‣ B: Changing from second class general residential area to third class general residential area - Incentives: 1.5×(3,947㎡÷60,642㎡)×200% = 19.52%- Allowable floor area ratio: 240% + 19.52% = 259.52%‣ C: Initially general commercial area (applying standard floor area ratio of 600%) - Incentives: 1.5×(1,248㎡÷0㎡)×600% = 0%- Allowable floor area ratio: 600% + 0% = 600%→ [(5,091㎡×133.94%)+(60,642㎡×259.52%)]÷(5,091㎡+60,642㎡)≒249.7% (the maximum allowable floor area ratio of 260% when providing public elements does not exceed so apply 249.7%)[Local Status Incentives (revitalization of local economy)]‣ Designer: 5%・Allowable floor area ratio: below 254.7% (249.7% + 5% = 254.7%)・Planned floor area ratio: below 250% | ||||||||||||||||||||||||||||||||||||||||||
m) Other Information: Refer to the public review document
3. Public Review Document:
Omission of publication (Available at the review location)
4. Submission Method for Opinions:
Submit a written opinion to the Building Department on the 8th floor of Busanjin-gu Office during the public review period.
Classification
Notice
Institution Classification
District
Institution
Busanjin-gu
Notification Number
No. 2026-538
Title
Holding of Resident Briefing and Public Review & Announcement on the Maintenance Plan Decision and Maintenance Area Designation for Jeonpo 3 Redevelopment Project
Date
April 15, 2026
#Busan Notice, #Busan Announcement, #Jeonpo 3 Area, #Jeonpo Redevelopment, #Busanjin-gu Redevelopment, #Jeonpo-dong Reconstruction, #Maintenance Area Designation, #Resident Review, #Resident Briefing, #Seomyeon Living Zone, #Busan Redevelopment, #Busan Real Estate, #Business Feasibility Analysis, #Floor Area Ratio 250, #3rd Class Residential Area, #Number of Units 1735, #Large Apartment Complex, #Urban Maintenance Project, #Busanjin-gu, #Jeonpo-dong, #Redevelopment Investment, #Public Contribution, #Infrastructure Security, #Project Risk, #Busan Apartments, #Initial Maintenance Project, #Long-term Investment, #Busan Development, #Near Seomyeon, #Busan Reconstruction
Frequently Asked Questions (FAQ)
Q. What are the main details of the maintenance plan and maintenance area designation for the Jeonpo 3 redevelopment project?
Planning for the development of approximately 1,735 apartment units in the area of about 90,000㎡ in Jeonpo-dong, Busanjin-gu.
This Jeonpo 3 redevelopment project is aimed at developing 1,735 residential units from 3 basement floors to 35 above ground floors in an area of about 93,358㎡ around Jeonpo-dong 191-7. The estimated number of landowners is about 750, and most are expected to have their designations upgraded to the third type of general residential area. The floor area ratio is planned to be around 250%, and it is expected to develop into a large apartment complex.
Q. When will the resident briefing and public review regarding the maintenance plan and maintenance area designation take place?
The resident briefing will be on May 7, 2026, and the public review will be conducted from April 15 to May 15.
The resident briefing will be held on Thursday, May 7, 2026, at 5 PM in the grand auditorium on the basement of the Busanjin-gu Office, and landowners and residents can attend. The public review will take place on the 8th floor of the Busanjin-gu Office from April 15 to May 15, 2026, lasting for 31 days, allowing the relevant documentation for the maintenance plan, land use plan, and building plans to be reviewed. Opinions can also be submitted during the public review period.
Q. What is the feasibility and current status of the Jeonpo 3 redevelopment project?
The project is being re-pursued after being previously canceled due to insufficient feasibility, including road expansion and traffic issue improvements.
This project was previously canceled due to lack of feasibility but is now being re-pursued. Conditional approval for the preliminary feasibility assessment was obtained, and improvements such as road expansion, entrance and exit route adjustments, and park placements have been added. The handling of traffic related to Jinnam-ro, Dongseong-ro, and Jeonpo-daero has emerged as a major issue. Despite the excellent accessibility as the main advantage of the location, the increasing project costs, public contributions, and historical conflicts could complicate stable project execution.
Q. How can residents submit their opinions during the public review period?
Residents can submit a written opinion to the Building Department of Busanjin-gu Office.
Residents with opinions during the public review period can visit the Building Department on the 8th floor of the Busanjin-gu Office to submit a written opinion. Submission methods and formats can be verified at the review location, and submitted opinions will be reviewed during the project implementation. This enhances resident participation and communication while faithfully adhering to the procedures set forth in the Urban and Residential Environment Maintenance Act.
