Table of Contents
Announcement of the Decision on the Maintenance Plan and Designation of the Maintenance Area for the Yongho 9 Redevelopment Project
- Yongho-dong 422-1, progress of redevelopment, real estate investment
On April 15, 2026, Nam-gu, Busan announced the public display of the decision regarding the maintenance plan and the designation of the maintenance area for the Yongho 9 redevelopment project. The area for this project is approximately 47,696㎡ around 422-1, Yongho-dong, and the public display will last for 30 days until May 14. Furthermore, a residents' briefing is scheduled to be held on April 16.
The Yongho 9 district is expected to be designated as a maintenance area after the preliminary feasibility review is completed in March 2025. The area is expected to develop approximately 800 housing units. In this development plan, the second type of general residential area will be elevated to the third type, with the planned floor area ratio set at a maximum of about 240%.
It is located just a 3-minute walk to Baegun Elementary School, and is close to Ye-won Girls' High School, making the school district excellent. Additionally, access to Dongmyeong-ro is smooth, facilitating easy car movement. Particularly, if developed along with the nearby Yongho 8 district, positive synergy in the urban residential environment is anticipated.
Redevelopment inherently involves several burdens including public contributions, securing infrastructure, and ensuring rental housing ratios. Consequently, the profitability may be limited compared to straightforward locational conditions. Currently, it is in the early consultation phase, and significant time is expected until actual construction and sales commence.
In conclusion, while Yongho 9 district boasts excellent locational conditions, it is deemed an early-stage redevelopment area that requires cautious approaches closely examining the project's conditions and cost structure.
Public Notice No. 2026-569 of Nam-gu, Busan Metropolitan City
Public Display and Announcement of the decision on the maintenance plan and the designation of the maintenance area for the Yongho 9 Redevelopment Project
Regarding the decision on the maintenance plan and the designation of the maintenance area for the Yongho 9 redevelopment project located in the area of 422-1, Yongho-dong, Nam-gu, Busan, a public briefing and public display is held as detailed below according to 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 regarding the maintenance plan decision and the designation of the maintenance area, please submit your comments to the public display location within the consultation period.
April 15, 2026
Mayor of Nam-gu, Busan
1. Overview of the Residents' Briefing
a. Date: April 16, 2026 (Thursday) at 4:00 PM
b. Location: 93, Dongmyeong-ro152beon-gil, 3rd Floor (Yongho Market)
c. Attendees: Landowners and residents
d. Content: Explanation of the decision on the maintenance plan and the designation of the maintenance area
2. Overview of the Public Consultation
a. Period: From April 15, 2026 (Wednesday) to May 14, 2026 (Thursday) for 30 days
b. Location: 7th Floor, Architecture Department, Nam-gu Office, Busan (☏ 051-607-4615)
c. Contents of the public display
1) Designation Document for the Maintenance Area
| Designation Type | Type of Project | Name of Area | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Yongho 9 Redevelopment Maintenance Area | Area of 422-1, Yongho-dong, Nam-gu, Busan | 47,696 | - |
2) Maintenance Plan
a) Estimated Share per Landowner and Basis for Calculation
| Estimated Share | Estimated Value of Subsequent Assets | Estimated Total Project Cost | Estimated Value of Existing Assets | Estimated Ratio |
| 502,969,000,000 | 412,157,700,000 | 87,810,903,000 | 103.42% | |
| Basis for Calculation | · Estimated Value of Existing Assets = Total estimated value of existing assets by landowners · Estimated Ratio = (Estimated value of land or building to be allocated (subsequent assets) - Estimated total project cost) / Price of existing land and buildings (existing assets) · Estimated Share per Landowner = Member allocation price - Right price | |||
※ The above estimated values may change during the permitting process for project implementation plans and management disposition plans.
b) Plan for Change of Land Use Area
| Type | Area (㎡) | Composition Ratio (%) | Remarks | |||
| Existing | Change | Post Change | ||||
| Total | 47,696 | - | 47,696 | 100.0 | - | |
| Residential Area | Type 2 General Residential Area | 47,696 | Decrease) 47,696 | - | - | - |
| Type 3 General Residential Area | - | Increase) 47,696 | 47,696 | 100.0 | - | |
c) Land Use Plan
| Type | Area (㎡) | Rate (%) | Remarks | |||
| Urban Management Plan Use Area | Total | 47,696 | 100.0 | - | ||
| Type 3 General Residential Area | 47,696 | 100.0 | - | |||
| Urban Management Plan Use District | - | - | - | - | ||
| Housing and Maintenance Infrastructure (Urban Planning Facilities) | Total | 47,696 | 100.0 | - | ||
| Housing Land | 36,706 | 77.0 | - | |||
| Multi-family Housing | 36,706 | 77.0 | ∙ Public Pedestrian Walkway (8m) | |||
| Maintenance Infrastructure (Urban Planning Facilities) | 10,990 | 23.0 | - | |||
| Roads | 8,327 | 17.5 | - | |||
| Parks | 2,663 | 5.5 | - | |||
| Linear Park 1 | 977 | 2.0 | - | |||
| Linear Park 2 | 460 | 1.0 | - | |||
| Linear Park 3 | 496 | 1.0 | - | |||
| Linear Park 4 | 730 | 1.5 | - | |||
d) Building Plans
| Classification | Area Division | Parcel Division | Location | Main Use | Building Coverage Ratio | Floor Area Ratio | Height | Remarks | |||||||||||
| Name | Area (㎡) | Name | Area (㎡) | ||||||||||||||||
| New | Yongho 9 Redevelopment Maintenance Area | 47,696 | I-1 | 36,706 | Location of 422-1, Yongho-dong | Multi-family Housing and Auxiliary Welfare Facilities | Not more than 50% | Not more than 240% | Not more than 92m | - | |||||||||
| Scale of Housing and Construction Ratio | ∙ At least 40% of the total number of units being constructed must be 85㎡ or less. | ||||||||||||||||||
| Matters related to the Construction of Rental Housing | ∙ At least 10% of the total number of units being constructed or at least 7% of the total floor area must be constructed as rental housing. Rental housing units must be at least 30% of the total number of rental units or at least 5% of the total number of housing units to be constructed, with a maximum size of 40㎡. | ||||||||||||||||||
| Application of Floor Area Ratio Mitigation Criteria | ※ The criteria for the basic and modified floor area ratio as stipulated in the "Basic Plan for Urban and Residential Environment Maintenance in Busan Metropolitan City 2030 (December 2019)" and its amendments shall apply. ∙ Basic Floor Area Ratio: 210% (Type 2 General Residential Area) | ||||||||||||||||||
| Category | Rating Criteria Score | ⇨ | Rating Criteria Points | Land Utilization | Basic Floor Area Ratio | ||||||||||||||
| Yongho 9 District | 40 points | Less than 30-50 points | Residential Management | 210% | |||||||||||||||
| ∙ Allowable Floor Area Ratio: Applying total incentives: 247% Maximum allowable floor area ratio with public interest elements: 230% ∙ Incentives outside public interest: 17.0% - Regional Economic Activation Incentive: 17% → Subcontracting: 12% (Participation of local companies 60% or more) → Designer: 5% (Participation of local companies 50% or more) ∙ Calculation of allowable floor area ratio: Allowable floor area ratio: 230% + 17.0% = 247% ∙ Planned floor area ratio: 240.0% or less (Excluding regional economic activation incentives if no participation by regional construction companies) | |||||||||||||||||||
| Building Line Plans for Structures | ∙ Should comply with the Housing Act and related laws; separate building line plans are not set. | ||||||||||||||||||
e) Other Matters: Refer to Public Consultation Documents
3. Public Consultation Documents: Omitted (available at the public display location)
4. Method of Submitting Opinions: Submit written opinions to the Architecture Department of Nam-gu Office during the public display period using the attached opinion form.
5. For more details, please refer to the documents available at the public consultation site, and note that the content may change according to future administrative procedures such as the deliberation of the Urban Landscape Joint Committee.
Classification
Announcement
Agency Type
District
Organization
Nam-gu
Notice Number
2026-569
Title
Announcement of the Decision on the Maintenance Plan and Designation of the Maintenance Area for the Yongho 9 Redevelopment Project
Date
April 15, 2026
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Frequently Asked Questions (FAQ)
Q. When will the public display of the decision on the maintenance plan and the designation of the maintenance area for the Yongho 9 redevelopment project take place?
The public display period is from April 15 to May 14, 2026, for 30 days.
The public display for the decision on the maintenance plan and the designation of the maintenance area for the Yongho 9 redevelopment project, implemented by Nam-gu, Busan, will take place from April 15 to May 14, 2026, for 30 days. Residents can view the public consultation documents at the designated location and submit their opinions. This is to gather residents' opinions and ensure transparency in the project procedures.
Q. When and where will the residents' briefing be held, and who can attend?
The briefing will be held on April 16, 2026, at 4:00 PM on the 3rd floor of Yongho Market, and landowners and residents can attend.
The residents' briefing will be held on Thursday, April 16, 2026, at 4:00 PM at 93, Dongmyeong-ro152beon-gil, 3rd Floor (Yongho Market), Nam-gu, Busan. Landowners and local residents are invited to attend this briefing, which will provide an opportunity to hear an explanation of the decision on the maintenance plan and designation of the maintenance area. The briefing facilitates understanding and gathering opinions about the project from the residents.
Q. What are the main development plans and scale for the Yongho 9 redevelopment project?
Approximately 47,696㎡ with about 800 units, with a floor area ratio of approximately 240% or less designated as a Type 3 general residential area.
The area for the Yongho 9 redevelopment project covers approximately 47,696㎡ at 422-1, Yongho-dong, Nam-gu, Busan. It is scheduled to be designated as a maintenance area following the preliminary feasibility review in March 2025, with plans for the development of around 800 housing units. The zoning will be elevated from a Type 2 general residential area to a Type 3 general residential area, with the planned floor area ratio set at around 240% or lower to optimize space utilization.
Q. What are the locational characteristics and advantages of the Yongho 9 district?
Excellent school district just 3 minutes from Baegun Elementary School, and convenient vehicle access to Dongmyeong-ro.
The Yongho 9 district is approximately a 3-minute walk from Baegun Elementary School and is close to Ye-won Girls' High School, making the school district highly competitive. Furthermore, easy access to Dongmyeong-ro facilitates vehicle movement. The concurrent development with the nearby Yongho 8 district is expected to positively enhance the residential environment and create beneficial synergies. The area's excellent living infrastructure and transportation conditions are significant advantages.
Q. What are the main considerations and risks associated with driving the redevelopment project?
Public contribution, securing infrastructure, and rental housing ratios may impose burdens that could limit project viability.
The redevelopment project includes various obligations and burdens such as public contributions, securing infrastructure, and compliance with rental housing ratios. These conditions can negatively impact the viability of the project despite its locational advantages. It is crucial to conduct a thorough review, particularly since substantial time is required before construction and sales commence, emphasizing the need for careful investment decisions and risk assessment during this early stage.
