Table of Contents
Announcement on the Decision of Maintenance Plan and Designation of Maintenance Area for Mandeok 2 District Redevelopment Project
- Mandeok-dong 858 and surrounding area, district maps, location, economic viability, progress
On April 22, 2026, Busan City announced the maintenance plan and the designation of the maintenance area for the Mandeok 2 redevelopment project. The area in question includes approximately 49,398 square meters around 858 Mandeok-dong, Buk-gu. This completion of the designation occurred eight months after a resident briefing held last August.
The current plan has increased the development density by changing part of the second class general residential area to the third class. The planned floor area ratio is set to a maximum of 231%, while the proportion of infrastructure such as parks, roads, and parking lots is set at approximately 26.8%. Additionally, a certain proportion of rental housing will also be reflected.
This area, located near Baekyangsan, is a residential area harmonized with the natural environment, forming a lifestyle zone similar to Baekyangsan Bestium Eco Forest and Baekyang Di Estate. Although it is not a subway station area, vehicle accessibility via Mandeok IC, Mandeok Tunnel, Cho-eup Tunnel, and Centum-Mandeok Deep Tunnel is relatively good.
The area presents clear geographical limitations. The non-preferred areas situated on the steep hill have seen limited property value increases in the nearby complexes in the past. Additionally, a high premium has not been established in the sale market. For these reasons, securing project feasibility could be a challenging structure.
There is a significant need for redevelopment in areas densely populated with aging residential buildings. Currently, this district is at the stage of maintenance area designation and must undergo further procedures such as establishing associations and obtaining project implementation permits. Actual construction and sales are expected to take considerable time. Therefore, a cautious approach that balances location and project viability is required.
Active redevelopment initiatives are taking place in the areas of Mandeok and Deokcheon in Buk-gu, Busan.
Announcement No. 2026-141 by Busan Metropolitan City
Announcement on the Decision of Maintenance Plan and Designation of Maintenance Area for Mandeok 2 Redevelopment Project
1. In accordance with Article 16 of the Urban and Residential Environment Maintenance Act, this is an official announcement concerning the designation of a maintenance area for the Mandeok 2 Redevelopment Project located at 858 Mandeok-dong, Buk-gu, Busan, and the publication of relevant topographical maps according to Article 8 of the Basic Land Use Regulation Act and Article 7 of its enforcement decree.
2. The related documents (available at “http://www.eum.go.kr”) are kept at the Urban Maintenance Department of Busan Metropolitan City (☏ 051-888-4234) and the Architecture Department of Buk-gu (☏ 051-309-4612) for public viewing.
April 22, 2026
Mayor of Busan Metropolitan City
I. Designation of Maintenance Area and Decision on Maintenance Plan
1. Designation record for the redevelopment project's maintenance area
| Designation Type | Project Type | District Name | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Mandeok 2 Redevelopment Maintenance Area | Area around 858 Mandeok-dong, Buk-gu | 49,398 |
2. Redevelopment Maintenance Plan
a. Plan regarding land use
| Category | Name | Area (㎡) | Ratio (%) | Remarks | |
| Urban Management Planning Land Use Area | Total | 49,398 | 100.0 | ||
| Second Class General Residential Area | 13,246 | 26.8 | |||
| Third Class General Residential Area | 36,152 | 73.2 | Change from Class 2 to Class 3 | ||
| Urban Management Planning Land Use District | - | - | - | ||
| Category | Name | Area (㎡) | Ratio (%) | Remarks | |
| Residential Land and Maintenance Infrastructure (Urban Planning Facility) | Total | 49,398 | 100.0 | ||
| Residential Land | 36,152 | 73.2 | |||
| Multifamily Housing Site (1-1) | 36,152 | 73.2 | |||
| Maintenance Infrastructure (Urban Planning Facility) | 13,246 | 26.8 | |||
| Road | 7,579 | 15.3 | |||
| Park | 4,017 | 8.2 | |||
| Parking Lot | (4,017) | (8.2) | Overlapping determination under Park | ||
| Community Center | 1,150 | 2.3 | Public facility | ||
| Elderly and Child Facilities | 500 | 1.0 | Public facility | ||
b. Plan Regarding Land Use Change
| Map Indication Number | Location | Land Use Region | Area (㎡) | Floorage Ratio | Reason for Change | |
| Existing | Changed | |||||
| - | Area around 858 Mandeok-dong, Buk-gu | Second Class General Residential Area | Third Class General Residential Area | 36,152 | Under 300% | ∙ The target site, densely populated with aging and defective buildings, requires improvement of living environment and maintenance infrastructure, hence part of the land use region is proposed to be changed to the Third Class General Residential Area for efficient land use. |
c. Estimated Share Payment Amount and Calculation Basis for Land Owners
| Estimated Share Payment Amount | Estimated Total Income Amount | Estimated Total Project Cost | Estimated Total Value of Ending Assets | Estimated Proportional Rate |
| 447,373,644 thousand won | 384,272,020 thousand won | 62,870,345 thousand won | 100.37% | |
| Calculation Basis | ㆍEstimated Total Value of Ending Assets = Sum of Estimated Ending Assets for Each Land Owner ㆍEstimated Proportional Rate = (Estimated Total Income Amount - Estimated Total Project Cost) / Estimated Total Value of Ending Assets ㆍEstimated Share Payment Amount for Each Land Owner = Membership Selling Price - Right Amount | |||
※ The estimated total value of ending assets mentioned above may change during the approval process of the project implement plan and management disposition plan.
e. Plan Regarding Main Use, Site Coverage Ratio, Floor Area Ratio, and Height of Buildings
| Category | District Classification | Household or Lot Division | Location | Main Use | Site Coverage Ratio (%) | Floor Area Ratio (%) | Height (m) | Remarks | ||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||
| New Installation | Mandeok 2 Redevelopment Maintenance Area | 49,398 | 1-1 | 36,152 | Area around 858 Mandeok-dong, Buk-gu | Multifamily Housing and Additional Welfare Facilities | Under 30% | Under 231% | Under 75m | - | ||||||||||||||||
| 2-1 | 1,150 | Area around 866-4 Mandeok-dong, Buk-gu | Community Center | Under 60% | Under 200% | Under 30m | - | |||||||||||||||||||
| 2-2 | 500 | Area around 865-1 Mandeok-dong, Buk-gu | Elderly Care Facilities | Under 60% | Under 200% | Under 30m | - | |||||||||||||||||||
| Housing Scale and Scaled Construction Ratio | ∙ More than 40% of the total housing units constructed should be below 85㎡ | |||||||||||||||||||||||||
| Details on Rental Housing Construction | ∙ More than 10% of the total housing units constructed should be rental housing. If more than 30% of total rental housing units or more than 5% of total housing units constructed are under 40㎡, those should be classified as rental housing. | |||||||||||||||||||||||||
| Application of Floor Area Ratio Relaxation Criteria | ∙ Application of criteria for floor area ratio evaluation and relaxation criteria based on the “2030 Busan Metropolitan City Urban and Residential Environment Maintenance Basic Plan (Revised)” ∙ Standard floor area ratio assessment: 200% (Redevelopment project in scenic management zone) | |||||||||||||||||||||||||
| Category | Evaluation Standard Score | ⇨ | Evaluation Standard Points | Land Use | Standard Floor Area Ratio | |||||||||||||||||||||
| Mandeok 2 District | 30 points | 30 points or less | Scenic Management | 200% | ||||||||||||||||||||||
| ∙ Application of Floor Area Ratio Relaxation ▸ Incentives for public elements: 20% application - Incentive for floor area ratio when providing public facilities: 20.01% - 1.5 × (provided area ÷ remaining area after provision) × 200% - 1.5 × (2,412㎡ ÷ 36,152㎡) × 200% = 20.01%※ Installation of public parking lot under park covering total floor area of 3,070㎡ ▸ Local Economic Revitalization Incentive: 11% (subcontracting 6%, designer 5%) ∙ Permissible Floor Area Ratio: 200% + 31% = 231% ∙ Planned Floor Area Ratio: under 231% | ||||||||||||||||||||||||||
Classification
Announcement
Agency Classification
City
Organization
Busan Metropolitan City
Announcement Number
No. 2026-141
Title
Announcement on the Decision of Maintenance Plan and Designation of Maintenance Area for Mandeok 2 Redevelopment Project
Date
April 22, 2026
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Frequently Asked Questions (FAQ)
Q. When was the maintenance area designation for the Mandeok 2 District Redevelopment Project completed?
The designation for Mandeok 2 District was officially announced on April 22, 2026.
Busan Metropolitan City announced the maintenance plan and designation of the maintenance area for the Mandeok 2 redevelopment project on April 22, 2026. This project targets the area around 858 Mandeok-dong, Buk-gu, and the designation procedure was completed approximately eight months after the resident briefing held last August. The official announcement can be confirmed through Busan Metropolitan City's Announcement No. 2026-141.
Q. What is the plan for the land use and floor area ratio in the Mandeok 2 District Redevelopment Project?
The land use ratio was modified from second class general residential area to third class, planning for a maximum floor area ratio of 231% or lower.
In this redevelopment project, parts of the existing second class general residential area were changed to third class general residential to increase the development density. The floor area ratio is set to a maximum of 231%, and the proportion of infrastructure such as parks, roads, and parking lots is approximately 26.8% to create a pleasant living environment. Moreover, the proportion of rental housing is also reflected to meet various demands, including public contributions.
Q. What are the geographical characteristics and transportation conditions of the Mandeok 2 District?
It is located near Baekyangsan, with excellent vehicle accessibility to Mandeok IC and Mandeok Tunnel.
The Mandeok 2 district is located near Baekyangsan and is a residential area harmoniously blended with nature, forming a lifestyle zone similar to Baekyangsan Bestium Eco Forest and Baekyang Di Estate. Although it is not within a subway station area, it has excellent vehicle access through Mandeok IC, Mandeok Tunnel, Cho-eup Tunnel, and Centum-Mandeok Deep Tunnel, rated highly for transportation convenience. These conditions are regarded as one of the locational advantages.
Q. How are the feasibility and risks of the Mandeok 2 District Redevelopment Project assessed?
Obstacles due to terrain and unfavorable locations are expected to make securing profitability challenging.
The Mandeok 2 district is situated on steep hills, presenting clear geographic limitations. Past nearby complexes saw limited property value increases and a lack of premium establishment in the sale market. Due to these locational characteristics, securing project feasibility is not easy. While there is a significant need for redevelopment given the concentration of aging residential areas, there will be substantial delays in approvals, construction, and sales, necessitating cautious investment and project advancement.