Table of Contents
SK View La Terra, Sa-jik Samik Apartment Redevelopment / Announcement of the Approved Management Plan for Sa-jik 1-5 District Redevelopment Project
- Location of 13-1 Jajik-dong, Dongnae-gu, progress, relocation, demolition, sales timing
The Dongnae-gu district of Busan announced that on April 22, 2026, the management plan for the Sa-jik 1-5 district redevelopment project was approved. This area is located at 13-1 Jajik-dong and covers approximately 32,496㎡. This approval marks a significant milestone in the redevelopment process.
The approval of the management plan is a critical step where the rights of the members and the allocation of sales are finalized. This indicates that the project has entered the actual execution phase. The subsequent procedures will proceed in the order of relocation, demolition, commencement, sales, and completion, which is generally considered a very important turning point in the redevelopment project.
This project is planned to consist of a total of 653 households in 7 buildings, with a maximum height of 29 floors, including basements. Of these, 258 households will be available for general sales, primarily consisting of medium-sized apartments with exclusive areas of 59㎡, 73㎡, and 84㎡. The project is being implemented by Korea Asset Trust and will proceed through a trust method.
The future schedule has become more specifically clarified. After the approval of the management plan, relocation will be conducted within approximately 6 months, followed by demolition within 3 months. Therefore, it seems that relocation and demolition will begin within 2026 at the earliest. Sales are generally conducted after commencement, so sales are expected around 2027.
This project has been named "SK View La Terra (Sa-jik Samik Apartment Redevelopment)" and aims to reorganize the existing residential area in Jajik-dong. Jajik-dong is densely populated with the Dongnae and Jajik school districts and various living infrastructures, leading to an increase in residential preference after redevelopment.
In conclusion, the approval of this management plan is a significant milestone indicating that the redevelopment project has entered the actual execution phase. This has great significance as the project site has moved beyond mere expectations to the realization of relocation and demolition.
Announcement No. 2026-28 from Dongnae-gu, Busan
Announcement of the Approved Management Plan for Sa-jik 1-5 District Redevelopment Project
According to Announcement No. 2023-151 from Dongnae-gu, Busan (dated December 6, 2023), the business execution plan was announced for the "Sa-jik 1-5 district redevelopment project" located at 13-1 Jajik-dong, Dongnae-gu, Busan, and the management plan has been approved according to Article 74, Paragraph 1 of the Urban and Residential Environment Improvement Act. This is officially announced in accordance with the Enforcement Decree of the same Act, Article 78, Paragraph 4, and the Enforcement Regulations, Article 13.
April 22, 2026
Mayor of Dongnae-gu, Busan
1. Type and Name of the Maintenance Project
a. Type: Redevelopment Project
b. Name: Sa-jik 1-5 District Redevelopment Project
2. Location and Area of the Maintenance District
a. Location: 13-1 Jajik-dong, Dongnae-gu, Busan
b. Area: 32,496.9㎡
3. Name and Address of the Business Executor
a. Executor: Korea Asset Trust Co., Ltd.
b. Address: 306 Teheran-ro, Gangnam-gu, Seoul, Kite Tower
4. Date of Management Plan Approval
: April 15, 2026 (Wednesday)
5. Summary of Management Plan Approval
a. Land Use Plan
| Area of Maintenance District | Land | Maintenance Infrastructure | ||
| Subtotal | Road | Park | ||
| 32,496.9 | 24,547.1 | 7,949.8 | 6,877.5 | 1,072.3 |
b. Size and Scope of Land and Building Construction Plans
| Construction Plan | Classification | Site Area (㎡) | Number of Buildings | Number of Floors | Number of Households | Total Building Area (㎡) | Remarks | |
| Housing | Subtotal | 24,054.8884 | 7 buildings | 29 floors | 653 units | 108,931.6132 | ||
| Sales | 24,054.8884 | 7 buildings | 29 floors | 653 units | 108,931.6132 | |||
| Rental | - | - | - | - | - | |||
| Commercial | 492.2116 | 1 building | 2 floors | - | 2,217.0373 | |||
c. Scale of Sold or Reserved Land
| Target Supply | Number of Households by Housing Size (based on exclusive area, ㎡) | Commercial Area (㎡) | |||||||||
| Total | 59A | 59B | 73A | 73B | 84A | 84B | 101 | 73T | 111P | ||
| 59.8573 | 59.8387 | 73.8850 | 73.7060 | 84.8832 | 84.8438 | 101.6609 | 73.7060 | 111.6057 | |||
| Total | 653 | 211 | 80 | 48 | 81 | 124 | 77 | 27 | 3 | 2 | 2,217.0373 |
| Landowners | 392 | 157 | 3 | 11 | 25 | 124 | 41 | 27 | 2 | 2 | 661.1570 |
| Reserved Land | 3 | - | - | 1 | - | - | 2 | - | - | - | - |
| General Sales | 258 | 54 | 77 | 36 | 56 | - | 34 | - | 1 | - | 1,555.8803 |
| Rental | - | - | - | - | - | - | - | - | - | - | |
d. Specifications for New or Removed Maintenance Infrastructure
| Discontinued Maintenance Infrastructure | Newly Installed Maintenance Infrastructure | ||||
| Type | Size (㎡) | Type | Size (㎡) | Executor | Cost Bearer and Details |
| Road | 239.7 | Road | 155.8 | Korea Asset Trust Co., Ltd. | Free Transfer to Business Executing Agency/Management Authority |
| Road | 135.4 | Road | 1,088.0 | ||
| Road | 4,678.4 | Road | 2,200.2 | ||
| Road | 49.0 | Road | 2,345.6 | ||
| Road | 815.0 | Road | 1087.9 | ||
| Road | 236.0 | Park | 680.3 | ||
| Park | 656.5 | Park | 392.0 | ||
| Total | 6,810 | Total | 7,949.8 | ||
e. Scheduled Demolition of Existing Buildings
1) Expected Relocation Date: 6 months from the relocation start date after the approval of the management plan.
2) Expected Demolition Date: 3 months after relocation completion.
※ The expected dates for relocation and demolition may vary depending on the contractor and financial institutions.
Classification
Announcement
Agency Classification
District
Agency
Dongnae-gu
Announcement Number
No. 2026-28
Title
Announcement of the Approved Management Plan for Sa-jik 1-5 District Redevelopment Project
Date
April 22, 2026
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Frequently Asked Questions (FAQ)
Q. When was the management plan for the Sa-jik 1-5 district redevelopment project approved?
The management plan was approved on April 15, 2026, and announced on April 22.
The Sa-jik 1-5 district redevelopment project located at 13-1 Jajik-dong, Dongnae-gu, received approval for the management plan on April 15, 2026, and this information was officially announced on April 22 as Announcement No. 2026-28 from Dongnae-gu. This approval serves as an important turning point in the promotion of the redevelopment project.
Q. What is the planned scale and number of households for the Sa-jik 1-5 district redevelopment project?
It is planned to consist of up to 29 floors in 7 buildings, for a total of 653 households, with 258 units for general sales.
This redevelopment project is planned to consist of 7 buildings with a height of up to 29 floors, including basements, totaling 653 households. Of these, 258 units will be available for general sales, primarily featuring medium-sized apartments with exclusive areas of 59㎡, 73㎡, and 84㎡.
Q. What is the schedule for relocation and demolition?
Relocation will occur within 6 months of the management plan approval, and demolition will happen within 3 months after completion of relocation.
Relocation for residents is expected to begin within about 6 months after the approval of the management plan, followed by the demolition of existing buildings within 3 months after the relocation is completed. However, this schedule is subject to change based on the circumstances of the contractor and financial institutions. Therefore, it is anticipated that relocation and demolition will commence sometime in 2026.
Q. When is the expected timing for sales?
Sales are expected to begin in 2027, after construction has commenced.
In general, in redevelopment projects, sales occur after demolition and construction begin. Therefore, sales for the Sa-jik 1-5 district redevelopment project are anticipated to start around 2027. This project, branded as SK View La Terra, is expected to generate a lot of interest as it focuses on medium-sized apartments.
Q. Who is the business executor for the Sa-jik 1-5 district redevelopment project?
The executor of the project is Korea Asset Trust Co., Ltd.
The executor of this redevelopment project is Korea Asset Trust Co., Ltd., headquartered in Gangnam-gu, Seoul, and the project will be conducted through a trust method. The trust method is considered one of the most reliable execution methods in maintenance projects.
