Table of Contents
Announcement of project implementation plan approval for Nakmin 1 District urban housing maintenance project
Analyzes the redevelopment progress and business viability in the area of 20-38 Nakmin-dong, Dongnae-gu, Busan.
The future value of this area, attracting attention as a small-scale redevelopment investment target, is expected to be significant.
This is an optimal place to catch investment opportunities along with local development.
The Nakmin 1 District urban housing maintenance project in the area of 20-38 Nakmin-dong, Dongnae-gu, Busan has officially started to be promoted. The recently announced notice includes the management plan approval as part of the project implementation plan, with the approval date set for May 22, 2026. The project period is defined to be within 56 months from the date of approval. This plan is expected to greatly contribute to local development.
This project has a land area of 8,784㎡ and is designed to be 32 stories above ground with 3 basement levels. The total apartment complex consists of 2 buildings, including a total of 286 households. The building-to-land ratio is set at 20.66%, and the floor area ratio is set at 353.16%, with the highest building planned to reach 92.6m.
The unit types are varied. 62 units are of type 59, 48 units are of type 72, 84 units are of type 84A, 62 units are of type 84B, and 30 units are of type 102. All units are to be provided as sale housing.
The allocation method plans for 45 units for landowners, 2 units for reserved land, and 239 units for general supply.
The Nakmin 1 District urban housing maintenance project is being advanced under the supervision of the corresponding association, with Hanshin Construction as the constructor. This area received approval for association establishment in December 2022, and after passing the architectural committee review in April 2024, has reached project implementation plan approval.
This area has excellent accessibility to Dongrae Station on the Donghae Line and Nakmin Station and Chungnyeolsa Station on Line 4. In addition, educational institutions such as Anmin Elementary School, Nakmin Elementary School, Dongshin Middle School, and Dongrae High School are located nearby, along with various convenience facilities such as Dongrae Bongsaeng Hospital, Busan Port Hospital, Dongnae District Office, and Sumin Multi-use Park.
While the general sales price has not yet been finalized, the amount of general supply is set at a substantial 239 units. This is expected to generate interest in the small-scale maintenance project sales market in Dongnae-gu in the future.
Busan Metropolitan City Dongnae-gu Notice No. 2026 - 43
Announcement of project implementation plan approval for Nakmin 1 District urban housing maintenance project
The Nakmin 1 District urban housing maintenance project in the area of 20-38 Nakmin-dong, Dongnae-gu, Busan, is approved under Article 29 of the "Special Act on Empty Houses and Small-scale Housing Maintenance," including the project implementation plan (management plan), and this is announced according to Article 10 of the Implementation Rules of the same law.
May 27, 2026
The Mayor of Dongnae-gu, Busan
1. Type and name of the project
a. Type: Urban housing maintenance project
b. Project name: Nakmin 1 District urban housing maintenance project
2. Location and area of the project implementation zone
a. Location: Area around 20-38 Nakmin-dong, Dongnae-gu, Busan
b. Area: 8,816.1㎡
3. Name and address of the project implementer
a. Implementer: Nakmin 1 District urban housing maintenance project association (Chairman Choi Sang-mok)
b. Address: 7, Bansong-ro 175beon-gil, 2nd floor (Nakmin-dong), Dongnae-gu,
4. Project implementation period: Within 56 months from the date of project implementation approval
5. Date of project implementation plan approval: May 22, 2026
6. Specifications of land or buildings to be expropriated or used and particulars of rights other than ownership: Not applicable
7. Matters concerning the building plan such as land area, building coverage ratio, floor area ratio, height, use, etc.
| Category | Details | Category | Details |
| Land area | 8,784㎡ | Building area | 1,815.1186㎡ |
| Building coverage ratio | 20.66% | Total floor area | 49,782.6524㎡ |
| Floor area ratio | 353.16% | Maximum height | 92.6m |
| Use | Residential buildings and ancillary facilities | Number of floors | 3 underground/32 above ground |
| Number of buildings | 2 buildings | Number of households | 286 households |
8. Housing scale and housing construction plan
| Supply category | Number of buildings | Number of households | 59(59.3164) | 72(72.4002) | 84A(84.5007) | 84B(84.7776) | 102(102.6647) |
| Total | 2 | 286 | 62 | 48 | 84 | 62 | 30 |
| Sales | 2 | 286 | 62 | 48 | 84 | 62 | 30 |
| Rental | - | - | - | - | - | - | - |
9. Scale and sales plan for new and reserved land
| Supply category | Total | 59(59.3164) | 72(72.4002) | 84A(84.5007) | 84B(84.7776) | 102(102.6647) | Commercial area(㎡) |
| Total | 286 | 62 | 48 | 55 | 62 | 27 | 512.41 |
| Landowners | 45 | 14 | - | 28 | - | 3 | 99.17 |
| Reserved land | 2 | 1 | - | 1 | - | - | - |
| General supply | 239 | 47 | 48 | 55 | 62 | 27 | 413.24 |
10. Matters regarding the allocation of maintenance infrastructure: Not applicable
11. Matters regarding the approval of other laws of cognizance
a. Building permit under Article 11 of the Building Act
b. Matters of cognizance according to Article 55 of the "Special Act on Empty Houses and Small-scale Housing Maintenance," etc.
12. Designation of the urban planning facility project implementer and content of implementation plan approval: Not applicable
Category
Notice
Organization category
District
Organization
Dongnae-gu
Notice number
2026-43
Title
Announcement of project implementation plan approval for Nakmin 1 District urban housing maintenance project
Date
2026-05-27
#Nakmin 1 District, #Nakmin 1 District urban housing maintenance project, #20_38 Nakmin-dong, #Nakmin-dong Dongnae-gu, #Busan urban housing maintenance project, #Busan small-scale maintenance project, #Busan notice, #Busan announcement, #Dongnae-gu notice, #project implementation plan approval, #including management plan, #Nakmin 1 District project implementation approval, #Hanshin Construction, #Nakmin 1 District construction company, #Busan redevelopment, #Busan small-scale redevelopment, #Dongnae-gu redevelopment, #Nakmin Station, #Chungnyeolsa Station, #Donghae Line Dongrae Station, #Dongrae Station living zone, #Anmin Elementary School, #Nakmin Elementary School, #Dongrae Bongsaeng Hospital, #Busan Port Hospital, #Sumin Multi-use Park, #286 households, #general supply 239 households, #84 type, #Busan real estate
Frequently Asked Questions (FAQ)
Q. What is the date of project implementation plan approval for Nakmin 1 District urban housing maintenance project and what is the duration of the project?
The project implementation plan approval is on May 22, 2026, and the duration is within 56 months from the approval date.
The project implementation plan approval for the Nakmin 1 District urban housing maintenance project was announced on May 22, 2026. The duration of this project is set to be within 56 months from the approval date, which means approximately 4 years and 8 months until the project is fully commenced and completed. During this period, construction and management plans will be carried out, and long-term investment value creation is expected along with local development.
Q. What is the scale of housing and household composition planned for the Nakmin 1 District urban housing maintenance project?
A total of 286 households, 2 buildings, and various household compositions ranging from type 59 to type 102 are planned.
This project is planned as a residential building consisting of 2 buildings from 3 basement levels to 32 above ground, with a total of 286 households. The households are composed of 62 units of type 59, 48 units of type 72, 84 units of type 84A, 62 units of type 84B, and 30 units of type 102. All households will be provided as sale housing, with 45 units for landowners, 2 units for reserved land, and 239 units for general supply. This design considers a diverse range of demanders.
Q. What is the location of Nakmin 1 District urban housing maintenance project and what are the surrounding transportation and convenience facilities like?
Located at 20-38 Nakmin-dong, Dongnae-gu, Busan, it has good access to subway stations and nearby educational and hospital facilities.
Nakmin 1 District is located in the area of 20-38 Nakmin-dong, Dongnae-gu, Busan. It has excellent accessibility to subway stations such as Dongrae Station on the Donghae Line, Nakmin Station on Line 4, and Chungnyeolsa Station. Nearby educational facilities include Anmin Elementary School, Nakmin Elementary School, Dongshin Middle School, and Dongrae High School, providing a good educational environment. Moreover, convenience facilities such as Dongrae Bongsaeng Hospital, Busan Port Hospital, Dongnae District Office, and Sumin Multi-use Park are also close, making living conditions convenient. This location enhances residential satisfaction and further boosts expectations for the project's future value.
Q. What is the construction company and the current status of the association for Nakmin 1 District urban housing maintenance project?
The construction company is Hanshin Construction, and the association received establishment approval in December 2022.
This project is overseen by the Nakmin 1 District urban housing maintenance project association, with Chairman Choi Sang-mok. The association was approved in December 2022 and received project implementation plan approval after passing the architectural committee review in April 2024. Hanshin Construction has been selected as the contractor and is responsible for the construction. The cooperation between the association and the construction company is expected to facilitate the smooth advancement of this project.
Q. What information is available regarding general supply volume and pricing?
The general supply volume is 239 households, and the pricing has not yet been finalized.
In the Nakmin 1 District urban housing maintenance project, 239 of the total 286 households are planned for general supply, indicating significant supply will take place. The pricing has not yet been finalized and is expected to be determined later. The planned large-scale general supply is anticipated to invigorate the small-scale maintenance project sales market in Dongnae-gu.