Table of Contents
Dongnae Hanyang Apartment Reconstruction / Announcement of the Extension of the Nakmin 1 Zone Reconstruction Maintenance Zone Release Deadline
- Nakmin-dong 172, Dongnae-gu, progress status, project viability analysis, number of households
The city of Busan has decided to extend the deadline for the maintenance zone release of the Nakmin 1 Reconstruction Project until February 23, 2028. This decision comes as approximately 67,006㎡ of the Nakmin 1 Reconstruction Project area has not yet reached the phase of foundation establishment approval, despite the necessity for residential environment improvement and systematic maintenance.
Therefore, the city of Busan appears to have acknowledged the sustainability of the project and made the decision to preserve it, considering future development potential.
The Nakmin 1 Zone comprises a reconstruction project that includes Dongnae Hanyang Apartments, Hanshin Mansion phases 1 and 2, Gwangrim Mansion, and some multi-family and single-family houses. This project is planned to consist of 12 buildings, ranging from 4 floors underground to 36 floors above ground, with a total of 1,275 households.
Approximately 330 households will be added, providing more living space compared to the existing 945 households. Notably, a high proportion of units will be below 85㎡, which is expected to meet various demands.
After the maintenance zone was designated in 2023, the project received approval from the promotion committee in 2024. However, it is currently at the stage of foundation establishment approval, leading to a somewhat slow progression of the project.
This area boasts an excellent location. It is easily accessible via Nakmin Station on Subway Line 4 and Dongnae Station on the Donghae Line, and travel to Haeundae-gu and Geumjeong-gu is convenient via Chungnyeol-daero.
Additionally, various living convenience facilities such as Dongnae Market, Mega Mart, hospitals, and financial institutions are nearby. Furthermore, the area offers an excellent education environment with schools like Nakmin Elementary, Naeseong Elementary, Anjin Elementary, Dongnae Middle, Chungnyeol Middle, Dongnae High, and Hyewha Girls' High School, making it very advantageous for residents.
The sales market in Busan has recently seen increasing concerns about project viability due to various factors. The high sale prices and the rising number of unsold units are becoming issues. For instance, the dedicated 84㎡ units of Dongnae Bandouyubora are experiencing unsold conditions despite being priced in the 800 million won range.
Additionally, Dongnae Prugio Edufore in Anrak-dong still has some unsold units remaining. In contrast, the dedicated 84㎡ units of Forena Dongnae have recently seen actual transaction prices ranging from 600 million to 650 million won.
Despite surrounding new complex projects maintaining stable prices, there are forecasts that if Nakmin 1 Zone sets a high sale price, it may face significant challenges in market competitiveness.
Announcement No. 2026-174 of Busan Metropolitan City
Extension of the Maintenance Zone Release Deadline for the Nakmin 1 Reconstruction Project
Regarding the Nakmin 1 Reconstruction Project Maintenance Zone in Nakmin-dong 172, Dongnae-gu, Busan Metropolitan City, pursuant to Article 20, Paragraph 6 of the Urban and Residential Environment Maintenance Act, the deadline for release of the maintenance zone is extended, and according to the same paragraph's Item 7, it is announced.
May 13, 2026
Mayor of Busan Metropolitan City
1. Extension of the Maintenance Zone Release Deadline
| Zone Name | Location | Zone Area (㎡) | Extended Maintenance Zone Release Deadline | Remarks |
| Nakmin 1 Reconstruction Project Maintenance Zone | Area around Nakmin-dong 172, Dongnae-gu | 67,006 | Until 2028. 2. 23. | - |
※ According to Article 20, Paragraph 1, Sub-paragraph 2 of the Urban and Residential Environment Maintenance Act, the extension is for a period of 2 years from the specified date.
2. Reasons for the Extension of the Maintenance Zone Release Deadline
- Based on the situation of the maintenance project and acknowledgment of the need for planned maintenance of the residential environment according to the same paragraph's Article 6, the extension is necessary to preserve the maintenance area.
3. For detailed information, please contact the Urban Maintenance Department of Busan Metropolitan City at (051-888-4244) or the Architecture Department of Dongnae-gu at (051-550-4604).
Classification
Announcement
Institution Category
City
Agency
Busan Metropolitan City
Announcement and Public Notice Number
No. 2026-174
Title
Announcement of the Extension of the Maintenance Zone Release Deadline for the Nakmin 1 Reconstruction Project
Date
2026-05-13
#Busan Announcement, #Busan Notice, #Nakmin 1 Zone, #Nakmin 1 Reconstruction, #Dongnae Hanyang Apartment, #Dongnae Reconstruction, #Nakmin-dong Reconstruction, #Extension of Maintenance Zone Release Deadline, #Busan Reconstruction, #Dongnae-gu Reconstruction, #Nakmin-dong 172, #Hanyang Apartment Reconstruction, #Hanshin Mansion Reconstruction, #Gwangrim Mansion Reconstruction, #Foundation Establishment Approval, #Promotion Committee Approval, #Maintenance Zone Designation, #Busan Maintenance Project, #Dongnae Real Estate, #Dongnae Apartment, #Nakmin Station, #Dongnae Station, #Forena Dongnae, #Dongnae Bandouyubora, #Dongnae Prugio Edufore, #Reconstruction Project Viability, #Member Contribution, #Busan Sale Price, #Busan Actual Transaction Price, #Urban and Residential Environment Maintenance Act
Frequently Asked Questions (FAQ)
Q. Until when has the deadline for the release of the Nakmin 1 Zone Reconstruction Project maintenance area been extended?
The maintenance zone release deadline for the Nakmin 1 Zone Reconstruction Project has been extended until February 23, 2028.
The city of Busan has announced the extension of the maintenance zone release deadline for the Nakmin 1 Zone Reconstruction Project in Nakmin-dong 172, Dongnae-gu, until February 23, 2028. This decision considers the progress of the maintenance project and the need for improvement in the residential environment according to the Urban and Residential Environment Maintenance Act. Therefore, the area will remain as a maintenance zone, allowing the reconstruction project to continue.
Q. What are the planned number of households and building size for the Nakmin 1 Zone Reconstruction Project?
The Nakmin 1 Zone is planned to consist of a total of 12 buildings, with a size of 1,275 households.
This reconstruction project consists of 12 buildings, ranging from 4 floors underground to 36 floors above ground, with approximately 330 households added to the existing 945 households. Notably, the proportion of units below 85㎡ is high, enabling it to cater to diverse housing demands. It is a large-scale project that includes the existing Dongnae Hanyang Apartment, Hanshin Mansion phases 1 and 2, Gwangrim Mansion, and other multi-family and single-family houses.
Q. What is the current progress of the Nakmin 1 Zone Reconstruction Project?
The project is currently at the foundation establishment approval phase, leading to a somewhat slow progression.
After the designation of the maintenance zone in 2023, approval was obtained from the promotion committee in 2024, but foundation establishment approval has not yet been achieved. Consequently, the reconstruction project is at an early stage, before advancing into full-scale foundation activities. This current situation impacts the pace of project progress.
Q. What is the location and surrounding environment of the Nakmin 1 Zone Reconstruction Project like?
It is easily accessible from Nakmin Station on Subway Line 4 and Dongnae Station on the Donghae Line, with excellent living conveniences and educational environment.
The area is conveniently located for accessing Haeundae-gu and Geumjeong-gu via Chungnyeol-daero, with nearby living conveniences such as Dongnae Market, Mega Mart, hospitals, and financial institutions. Additionally, it has a superior educational environment with schools like Nakmin Elementary, Naeseong Elementary, Anjin Elementary, Dongnae Middle School, Chungnyeol Middle School, Dongnae High School, and Hyewha Girls' High School, making it very advantageous as a residential area.
Q. What is the sales market situation and outlook for the Nakmin 1 Zone Reconstruction Project?
There are concerns over high sale prices and unsold units, but surrounding new complexes are maintaining stable transaction prices.
The sales market in Busan is experiencing concerns about project viability due to high sale prices and an increase in unsold units. For instance, there are unsold units in the Dongnae Bandouyubora and Dongnae Prugio Edufore complexes. In contrast, the transaction prices of dedicated 84㎡ units in Forena Dongnae have been stable at around 600 million to 650 million won. Consequently, if Nakmin 1 Zone sets a high general sale price, it may lower its market competitiveness.
