Table of Contents
Wuamdong Il Park Mansion Reconstruction / Wuam 1 Reconstruction Project Plan Decision and Designation of the Improvement Area (Draft) Public Review and Resident Briefing Session
- 67 Wuam-dong, Nam-gu, location, area map, business feasibility
It was announced that a public review and briefing session announcing the urban redevelopment plan decision and designation of the Wuam 1 reconstruction project will be held on April 8, 2026, for residents. The area is 67 Wuam-dong, where Wuamdong Il Park Mansion is currently located.
The public review will be conducted for 31 days until May 8, and the resident briefing session is scheduled for April 28. This project is expected to play an important role in regional development.
The apartment complex was completed in 1988, consisting of 312 households in a 6-story building, located at a distance from transportation and school districts. The current floor area ratio is estimated to be about 160%, and it is possible that it could increase to about 280% according to the standards of general residential area type 3 upon reconstruction. Theoretically, if designed primarily for small units, the number of households could potentially increase by nearly 50%.
Wuamdong Il Park Mansion Complex Information
| Number of Households | 312 households (4 buildings total) | Lowest/Highest Floor | 6 floors/6 floors |
| Approval Date | July 28, 1988 | Total Parking Spaces | 312 spaces (1 per household) |
| Floor Area Ratio | - | Building Coverage Ratio | - |
| Construction Company | Dongil Housing | ||
| Heating | Individual heating, city gas | ||
| Management Office | 051-642-1540 | ||
| Address | 67 Wuam-dong, Nam-gu, Busan, 1-1 UN Road, Nam-gu, Busan | ||
| Area | 56㎡, 59㎡, 65㎡, 68㎡, 71㎡, 78㎡, 81㎡, 84㎡, 87㎡, 99㎡ | ||
The outlook for the project's feasibility is somewhat negative. Currently, the 59㎡ units available for sale at the nearby Eomgung Station Travis Sky Garden are priced around 500 million won, while the nearby newly-built large complex Wuam Ocean City Zenith 59㎡ is priced in the 400 million won range. The sale price ceiling is clearly evident. Even if the floor area ratio increases, additional costs like construction expenses and sharing fees could be a significant burden.
This stage is the initial public review stage, and it is expected that actual construction and sale will take more than 10 years. Taking into account the profitability, location conditions, and sale prices of the project as a whole, a cautious approach is required for the reconstruction project.
Nam-gu, Busan Metropolitan City Notice No. 2026 - 562
Public Announcement of Resident Briefing and Public Review for the Wuam 1 Reconstruction Project Plan Decision and Designation of the Improvement Area (Draft)
This is to announce that a public review will be conducted and a resident briefing session will be held regarding the urban redevelopment plan decision and designation of the Wuam 1 reconstruction project in the area of 67 Wuam-dong, Nam-gu, Busan, in accordance with Article 15 of the Urban and Residential Environment Maintenance Act and Article 13 of the Enforcement Decree of the same Act. If you have any opinions, please submit them to the designated review location during the public review period.
April 8, 2026
Mayor of Nam-gu, Busan
1. Overview of the Resident Briefing Session
a. Date/Location:
April 28, 2026 (Tuesday) at 15:00, 1-1 UN Road, Nam-gu (2nd floor of Wuam-dong Saemaeul Geumgo)
b. Content:
Explanation of the plan decision and designation of the improvement area (Draft)
2. Overview of the Public Review
a. Review Period:
From April 8, 2026 (Wednesday) to May 8, 2026 (Friday) (31 days)
b. Review Locations:
1) Wuam 1 District Reconstruction Preparatory Committee Office
[Nam-gu Wuam-dong 67, Management Office of Wuamdong Il Park Mansion, ☎ 051) 642-1540]
2) Nam-gu Office Architecture Division
[19 Motgol-ro, Nam-gu (Daeyon-dong), ☎ 051) 607-4614]
c. Review Content:
: Designation documents for the improvement area and redevelopment plan (Draft)
1) Designation document for the improvement area
| Type | Project Division | Name of Area | Location | Area (㎡) | Remarks |
| New | Reconstruction Project | Wuam 1 Reconstruction Improvement Area | Area of 67 Wuam-dong, Nam-gu | 14,910.0 | - |
3. Public Review Documents:
Relevant books are available at the review locations.
4. Method of Submitting Opinions:
Opinions can be submitted in writing during the public review period to the committee office or the Architecture Division of Nam-gu.
Division
Announcement
Agency Division
District/Subdistrict
Agency
Nam-gu
Notification Number
No. 2026-562
Title
Public Review and Resident Briefing for the Wuam 1 Reconstruction Project Plan Decision and Designation of Improvement Area (Draft)
Date
April 08, 2026
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Frequently Asked Questions (FAQ)
Q. What is the schedule for the public review and resident briefing for the Wuam 1 reconstruction project?
The public review is from April 8 to May 8 for 31 days, and the resident briefing will be held on April 28.
The Nam-gu Office in Busan is conducting a public review and briefing session on the plan decision and designation of the Wuam 1 reconstruction project at 67 Wuam-dong. The public review period will run from April 8 to May 8, 2026, lasting a total of 31 days. The resident briefing is scheduled for April 28, Tuesday, at 3 PM on the 2nd floor of Wuamdong Saemaeul Geumgo, 1-1 UN Road, Nam-gu. Residents are welcome to submit written opinions during the public review period.
Q. What is the current state of the Wuamdong Il Park Mansion complex designated for reconstruction?
It is a 6-story complex with 312 units completed in 1988, located in a less accessible area for transportation and school districts.
The Wuamdong Il Park Mansion is a 6-story apartment complex with 312 units completed in 1988. The complex is located at 67 Wuam-dong, Nam-gu, but it is somewhat distant from transportation and school districts, falling within a non-school district area. The current floor area ratio is estimated to be around 160%, and it may increase to approximately 280% according to the standards of general residential area type 3 upon reconstruction. If planned primarily for small units, the number of households could potentially increase by about 50%.
Q. What is the outlook for the business feasibility of the Wuam 1 reconstruction project?
The feasibility is perceived to be somewhat negative due to the sale price ceiling and additional cost burdens.
With sale prices of nearby new complexes ranging from 400 million to 500 million won, the sale price ceiling is clearly defined. While the Wuam 1 reconstruction project allows for expansion due to an increase in floor area ratio, the additional costs like construction expenses and shared fees pose significant burdens for investment profitability. Thus, there are many views that consider the business feasibility somewhat negatively, and a cautious approach is necessary.
Q. How long is the estimated time until the construction and sale of the reconstruction project begin?
It is expected to take over 10 years for actual construction and sale.
The Wuam 1 reconstruction project is currently at the initial public review stage and remains at the early stages of the project. Typically, it is expected to take over 10 years for the actual construction start and sale, thus requiring a long-term investment perspective. A careful plan that considers location conditions, profitability, and sale prices comprehensively is necessary throughout the project process.
Q. How can residents access public review materials and submit opinions?
Public review materials are available at designated locations, and opinions can be submitted in writing.
Public review materials are available at the Wuamdong Il Park Mansion management office within the committee office and at the Architecture Division of Nam-gu Office. Residents can review the materials at these two locations during the review period from April 8 to May 8. If they have opinions, they can submit them in writing either to the committee or the Architecture Division of Nam-gu Office. This allows for the collection of resident opinions and considerations into the project plan.