Table of Contents
Announcement of the decision on the maintenance plan for the Yeonji District 4 redevelopment project and the designation of the maintenance area
- Yeonji-dong, Busanjin-gu, around 71-15, location, district map, project plan, Busan redevelopment investment
The city of Busan announced the decision on the maintenance plan and the designation of the maintenance area for the Yeonji District 4 redevelopment project on April 22, 2026. The area covers approximately 72,779㎡ around 71-15 Yeonji-dong in Busanjin-gu, and the designation of the maintenance area was completed about six months after the resident presentation last October.
Yeonji District 4 is composed of approximately 1,300 households, and the number of association members is expected to reach about 550 households. The area's use designation has been slightly elevated from type 2 to type 3 general residential area. Additionally, the planned floor area ratio is set to be below 271%, allowing for a density suitable for urban redevelopment.
The area clearly demonstrates advantages in its location. Nearby, the Yeonji Raemian Urban Park, consisting of about 2,600 households, has already been established. Additionally, redevelopment is underway in the Citizen Park Promotion District, the Cho-eup 1 District, and the Yeonji 3 District, forming a large residential belt.
Moreover, the transportation infrastructure is well-established with the Seomyeon living area, the Bujeon Station Transfer Center, and the BuTX express railway, making it easy to move around. Furthermore, it is located within walking distance to elementary schools, ensuring a significantly excellent residential environment.
Some households located to the north of the Busan Citizens' Park may have views of the park. This can act as a differentiating factor even within the same living area.
The redevelopment project is currently in its early stages, with processes such as the establishment of an association, project execution approval, and management disposition remaining after the designation of the maintenance area. While the location is highly competitive, it is assessed that variables such as project duration and shared costs need to be taken into account.
Notification No. 2026-139 of Busan Metropolitan City
Announcement of the decision on the maintenance plan for the Yeonji District 4 redevelopment project and the designation of the maintenance area
1. Regarding the maintenance area of the Yeonji District 4 redevelopment project around Yeonji-dong 71-15, Busanjin-gu, Busan Metropolitan City announces the decision on the maintenance plan and the designation of the maintenance area as follows in accordance with Article 16 of the Urban and Residential Environment Maintenance Act, and also announces the topographical map according to Article 8 of the Basic Land Use Regulation Act and Article 7 of its Enforcement Decree.
2. Related documents (land use can be viewed at "http://www.eum.go.kr") are available at the Urban Maintenance Division of Busan Metropolitan City (☏ 051-888-4232) and the Building Division of Busanjin-gu (☏ 051-605-8581) for public viewing.
April 22, 2026
Mayor of Busan
I. Designation of the maintenance area and decision on the maintenance plan
1. Designation document for the redevelopment project maintenance area
| Designation Type | Project Type | Area Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Maintenance Area of Yeonji District 4 Redevelopment Project | Area around 71-15 Yeonji-dong, Busanjin-gu, Busan Metropolitan City | 72,779.0 |
2. Redevelopment Project Maintenance Plan
○ Land use plan
| Classification | Name | Area (㎡) | Ratio (%) | Remarks | ||
| Urban Management Plan Use District | Total | 72,779.0 | 100.0 | |||
| Type 2 General Residential Area | 19,068.0 | 26.2 | ||||
| Type 3 General Residential Area | 53,045.0 | 72.9 | Some of type 2 → type 3 A=18,379.0㎡ | |||
| General Commercial Area | 666.0 | 0.9 | ||||
| Urban Management Plan Use District | Fire District | 666.0 | 0.9 | |||
| Land and Maintenance Infrastructure (Urban Planning Facilities) | Total | 72,779.0 | 100.0 | |||
| Land | 48,003.7 | 66.0 | ||||
| Apartment Land | 46,423.7 | 63.8 | ||||
| Religious Land | 1,580.0 | 2.2 | ||||
| Maintenance Infrastructure (Urban Planning Facilities) | 24,775.3 | 34.0 | ||||
| Park | 5,319.2 | 7.3 | Overlap with part of the lower parking lot | |||
| [Parking Lot] | [2,300.0] | [3.1] | ||||
| Road | 19,456.1 | 26.7 | ||||
○ Plan for changing land use districts
| Classification | Area (㎡) | Composition Ratio (%) | Remarks | |||
| Existing | Changed | After Change | ||||
| Total | 72,779.0 | - | 72,779.0 | 100.0 | ||
| Use District | Type 2 General Residential Area | 37,447.0 | Reduction) 18,379.0 | 19,068.0 | 26.2 | |
| Type 3 General Residential Area | 34,666.0 | Increase) 18,379.0 | 53,045.0 | 72.9 | ||
| General Commercial Area | 666.0 | 666.0 | 0.9 | |||
| Use District | Fire District | 666.0 | - | 666.0 | 0.9 | |
■ Justification for the change in use districts
| Map Display Number | Location | Use District | Area (㎡) | Floor Area Ratio | Reason for Change | |
| Existing | Changed | |||||
| - | Area around 71-15 Yeonji-dong | Type 2 General Residential Area | Type 3 General Residential Area | 18,379.0 | Below 300% | ∙ The subject area is densely populated with old, insufficient buildings, requiring improvements to the residential environment and the maintenance of infrastructure facilities. Therefore, the decision is made to change the zoning for apartment land from type 2 general residential area to type 3 general residential area for efficient land use. |
○ Estimated costs and calculations for land ownership contributions
| Estimated Contribution Amount | Total Estimated Income | Total Estimated Project Cost | Total Estimated Value of Existing Assets | Estimated Proportional Rate |
| 795,587,983,300 KRW | 574,064,682,980 KRW | 210,660,340,000 KRW | 105.16% | |
| Basis for Calculation | ⦁ Total estimated value of existing assets = Sum of estimated values of existing assets per landowner⦁ Estimated proportional rate = (Total estimated income - Total estimated project cost)/Total estimated value of existing assets⦁ Contribution per landowner = Member's sale price - Right value | |||
※ The above estimated values of existing assets and individual contribution calculations may change according to future management disposition plans
(Estimated contribution amounts and calculation basis for landowners: omitted)
○ Plans regarding the primary use, building coverage ratio, floor area ratio, and height of buildings
| Classification | District Classification | Plot Classification | Location | Primary Use | Building Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | |||||||||||
| Name | Area (㎡) | Name | Area (㎡) | ||||||||||||||||
| Newly Established | Maintenance Area of Yeonji District 4 Redevelopment Project | 72,779.0 | 1-1 | 21,760.0 | Area around 34-9 Yeonji-dong, Busanjin-gu | Multi-family housing and community facilities | Below 50 | Below 271 | Below 106 | - | |||||||||
| 1-2 | 24,663.7 | Area around 37-14 Yeonji-dong, Busanjin-gu | Multi-family housing and community facilities | Below 50 | Below 271 | Below 103 | - | ||||||||||||
| 1-4 | 1,580.0 | Area around 27-1 Yeonji-dong, Busanjin-gu | Religious Facility | Below 60 | Below 200 | Below 20 | - | ||||||||||||
| Scale and Construction Ratio of Houses | ∙ More than 40% of the total number of units constructed should be below 85㎡ | ||||||||||||||||||
| Issues regarding the Construction of Rental Housing | ⦁ At least 10% of the total units or 7% of the total floor area of houses being constructed shall be constructed as rental housing⦁ More than 30% of the total rental housing units, or more than 5% of the total units being constructed → rental housing with a residential area of 40㎡ or less | ||||||||||||||||||
| Application of Conditions for Relaxation of Floor Area Ratio | ∙ Implementation of the evaluation criteria for standard floor area ratio and relaxation criteria as per the '2030 Basic Plan for Urban and Residential Environment Maintenance in Busan' - Standard Floor Area Ratio: below 240% (Residential Maintenance District) | ||||||||||||||||||
| Classification | Evaluation Criteria Score | ⇨ | Evaluation Criteria Points | Land Use | Standard Floor Area Ratio | ||||||||||||||
| Yeonji District 4 | 64 points | 50~80 points | Residential Maintenance District | 240% | |||||||||||||||
| ∙ Calculation of Relaxation of Floor Area Ratio (Incentives) ① Public Benefit Elements Incentive: Provision of public facility sites * Area provided for public facilities: 3,857.5㎡, Area after providing public facilities: 46,423.7㎡ - Incentive: [1.5×(3,857.5㎡ ÷46,423.7㎡)] × 200% = 24.9% (actual application 20%) ② Local Conditions Incentive: Activation of the local economy - Incentive: Designer 5% ③ Additional Incentive: Sustainable (Remodeling) multi-family housing - Incentive: 5% ④ Additional Incentive: Green Building (Excellent - Grade 2) - Incentive: 3% ∙ Allowed Floor Area Ratio Calculation - 240% + 20% + 5% + 5% + 3% = 273% ∙ Planned Floor Area Ratio: below 271% | |||||||||||||||||||
Classification
Announcement
Agency Type
City
Agency
Busan Metropolitan City
Announcement Number
No. 2026-139
Title
Announcement of the decision on the maintenance plan for the Yeonji District 4 redevelopment project and the designation of the maintenance area
Date
2026-04-22
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Frequently Asked Questions (FAQ)
Q. When was the designation of the maintenance area for the Yeonji District 4 redevelopment project completed?
The decision on the maintenance plan and the designation of the maintenance area were made on April 22, 2026.
The city of Busan announced the decision on the maintenance plan and the designation of the maintenance area for the Yeonji District 4 redevelopment project on April 22, 2026, for the area around 71-15 Yeonji-dong in Busanjin-gu. This notification was ultimately completed about six months after the resident presentation, following the official procedures in accordance with the Urban and Residential Environment Maintenance Act.
Q. What is the scale and composition of the Yeonji District 4 redevelopment project?
It is planned for approximately 1,300 households and 550 association members on a site of about 72,779㎡.
Yeonji District 4 covers about 72,779㎡, including 1,300 households after redevelopment. The number of association members is expected to be around 550 households, with the land use designation of the residential area being elevated from type 2 to type 3 for higher residential density. The floor area ratio is set to a maximum of 271%, ensuring appropriate urban density.
Q. What are the advantages of the location of Yeonji District 4?
It is adjacent to the Seomyeon living area and the Bujeon Station transfer center, equipped with excellent transportation and educational environments.
Yeonji District 4 boasts easy mobility with excellent transportation infrastructure, close to the Seomyeon living area and the Bujeon Station Transfer Center, and BuTX express railway. Nearby, the Yeonji Raemian Urban Park (2,600 households) and the Citizens Park promotion district are located, forming a large residential belt. Furthermore, it is within walking distance to elementary schools, ensuring excellent family living conditions, and some households can also secure views of the Busan Citizens Park to the north.
Q. What is the status of the redevelopment project and the upcoming procedures?
Procedures such as association formation, project execution approval, and management disposition remain after the designation of maintenance area.
The Yeonji District 4 redevelopment project is currently in the early stages, having completed the designation of the maintenance area. The subsequent processes will include the formation of an association and approval for project execution, along with establishing management disposition plans. However, potential variables such as the project duration and individual contribution costs should be considered for those contemplating investment or residence.
Q. How will the use district and floor area ratio change after redevelopment?
The designation will change from type 2 to type 3 general residential area, with a floor area ratio of no more than 271%.
Following the redevelopment plan, the Yeonji District 4 will change its designation from type 2 general residential area to type 3 general residential area. This adjustment allows for higher residential density and a variety of residential and nearby facility uses. Additionally, the floor area ratio is capped at 271%, providing a suitable building density for urban redevelopment while enhancing a pleasant residential environment.
