Table of Contents
Announcement of the decision on the maintenance plan and designation of the maintenance zone for the Goejeong District 11 redevelopment project
- Area of 358-1 Goejeong-dong, Saha-gu, district map, progress, investment in western Busan real estate apartments
The redevelopment project for Goejeong District 11, located at 358-1 Goejeong-dong, Saha-gu, Busan, has officially commenced. With the completion of the decision on the maintenance plan and the announcement of the designation of the maintenance zone, it has moved to a new phase.
The decision on the maintenance plan for Goejeong District 11 was made in October 2025, and the announcement of the designation of the maintenance zone was completed about seven months later. This indicates that the initial administrative procedures for the project are progressing relatively quickly.
The area of this maintenance zone has been set at 147,231㎡, and the existing second-class general residential area will change to a third-class general residential area. The site for multi-family housing is planned to be a total of 101,842㎡, with construction standards set to have a building coverage ratio of 30% or less, a floor area ratio of 271% or less, and a building height of no more than 100m.
In addition, various maintenance infrastructure facilities such as roads, parks, parking lots, public offices, cultural facilities, and social welfare facilities will also be included. These changes are expected to have a positive impact on local development.
The number of households is a crucial factor in determining the success of the project. Currently, there are 1,318 households in the project area, and according to the maintenance plan, the expected number of households is projected to be 2,432. While the existing number of households is quite substantial, the planned increase of over 1,000 housing units indicates positive initial feasibility for the project.
However, the future variability of construction costs, trends in the Busan real estate market, methods for determining sale prices, and the speed of project progress after the establishment of the association are expected to significantly affect the real feasibility. Therefore, it is essential to take these variables into careful consideration.
This area, located near Daeti Station on Busan Metro Line 1, is a residential area of western Busan that boasts excellent accessibility to Goejeong living area, Daeti Tunnel, and Nakdong-daero. In the future, procedures such as approval for the establishment of the association, selection of construction companies, and approval of the project implementation plan will be carried out. Goejeong District 11 is emerging as a notable major project site alongside the improvement of the residential environment in Goejeong-dong, Saha-gu and the trend of redevelopment in western Busan.
Announcement No. 2026-187 of Busan Metropolitan City
Announcement of the decision on the maintenance plan and designation of the maintenance zone for the Goejeong District 11 redevelopment project
1. Regarding the maintenance zone of the Goejeong District 11 redevelopment project located at 358-1 Goejeong-dong, Saha-gu, Busan, the decision on the maintenance plan and zone designation is announced as follows in accordance with Article 16 of the "Urban and Residential Environment Maintenance Act", and the topographic map is announced according to Article 8 of the "Basic Act on Land Use Regulation" and Article 7 of the Enforcement Decree of the same Act.
2. Related documents (land use examined at “http://www.eum.go.kr”) are available for public viewing at the Urban Maintenance Division of Busan Metropolitan City (Tel: 051-888-4234) and the Residential Maintenance Division of Saha-gu (Tel: 051-220-4612).
May 27, 2026
Mayor of Busan Metropolitan City
I. Designation of the maintenance zone and decision on the maintenance plan
1. Designation of the redevelopment project maintenance zone
| Designation Type | Type of Project | Name of Zone | Location | Area (㎡) | Remarks |
| New | Redevelopment Project | Maintenance Zone for Goejeong District 11 Redevelopment Project | Area of 358-1 Goejeong-dong, Saha-gu, Busan | 147,231 |
2. Maintenance plan for the redevelopment project
○ Plan regarding land use
| Type | Name | Area (㎡) | Rate (%) | Remarks | |
| Urban Management Plan Land District | Total | 147,231 | 100.0 | ||
| Third-class general residential area | 147,231 | 100.0 | Second-class → Third-class | ||
| Housing and Maintenance Infrastructure (Urban Planning Facility) | Total | 147,231 | 100.0 | ||
| Residential Land | 104,443 | 70.9 | |||
| Multi-family Housing Site | 101,842 | 69.1 | |||
| Religious Site | 2,601 | 1.8 | |||
| Maintenance Infrastructure (Urban Planning Facility) | 42,788 | 29.1 | |||
| Road | 26,127 | 17.7 | |||
| Parking Lot | 2,300 | 1.6 | |||
| Public Office | 1,200 | 0.8 | |||
| Cultural Facility | 1,550 | 1.1 | |||
| Social Welfare Facility | 150 | 0.1 | |||
| Park | 8,512(3,213) | 5.8(2.2) | Overlapped determination of parking under the park (A=3,213㎡) | ||
| Green Space | 2,949 | 2.0 | |||
○ Plan regarding change of land use area
| Type | Area (㎡) | Rate (%) | Remarks | ||
| Existing | Change | After Change | |||
| Total | 147,231 | - | 147,231 | 100.0 | |
| Second-Class General Residential Area | 147,231 | (Decrease)147,231 | - | - | |
| Third-Class General Residential Area | - | (Increase)147,231 | 147,231 | 100.0 | |
■ Reason for change of land use area
| Plan Display Number | Location | Land Use Area | Area (㎡) | Floor Area Ratio (%) | Reason for Change | |
| Existing | Changed | |||||
| - | Area of 358-1 Goejeong-dong, Saha-gu | Second-Class General Residential Area | Third-Class General Residential Area | 147,231 | 300% or less | In order to promote the smooth execution of maintenance projects, rational land use, and to improve residential environments in areas where old and poor buildings are concentrated, it is necessary to change the second-class general residential area to a third-class general residential area. |
○ Estimated share amount per property ownership and calculation basis
| Estimated Share Amount | Estimated Total Revenue | Estimated Total Project Cost | Estimated Total Value of Existing Assets | Estimated Rate |
| 1,474,586,068,000 won | 1,195,779,424,206 won | 265,053,520,265 won | 105.19% | |
| Calculation Basis | · Total estimated value of existing assets = Sum of estimated existing assets by property ownership· Estimated rate = (Estimated total revenue - Estimated total project cost) / Estimated total value of existing assets· Share amount by property ownership = Membership selling price - Right value | |||
The estimated amounts for the existing assets and individual share calculations may be adjusted according to future management and disposal plans.
Specific plans regarding building uses, building coverage ratios, floor area ratios, and heights must be established.
| Type of Decision | District Classification | Site Classification | Location | Main Use | Building Coverage Ratio | Floor Area Ratio | Height (m) | Remarks | ||||||||||||||||||
| Name | Area (㎡) | Name | Area (㎡) | |||||||||||||||||||||||
| New | Maintenance Zone of Goejeong District 11 Redevelopment Project | 147,231 | Ⅰ-1 | 47,989 | Area of 350-70 Goejeong-dong, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less | |||||||||||||||||
| Ⅰ-2 | 1,550 | Area of 355 Goejeong-dong, Saha-gu | Cultural Facility | 50% or less | 260% or less | 30m or less | ||||||||||||||||||||
| Ⅰ-3 | 1,200 | Area of 354-5 Goejeong-dong, Saha-gu | Public Office | 50% or less | 260% or less | 30m or less | ||||||||||||||||||||
| Ⅰ-4 | 601 | Area of 45-7 Goejeong-dong, Saha-gu | Religious Facility | 50% or less | 200% or less | 30m or less | ||||||||||||||||||||
| Ⅱ-1 | 29,193 | Area of 302 Goejeong-dong, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less | ||||||||||||||||||||
| Ⅲ-1 | 24,660 | Area of 372 Goejeong-dong, Saha-gu | Multi-family housing and auxiliary welfare facilities | 30% or less | 271% or less | 100m or less | ||||||||||||||||||||
| Ⅲ-2 | 2,000 | Area of 365-3 Goejeong-dong, Saha-gu | Religious Facility | 50% or less | 240% or less | 30m or less | ||||||||||||||||||||
| Ⅲ-3 | 150 | Area of 378-106 Goejeong-dong, Saha-gu | Social Welfare Facility | 50% or less | 220% or less | 30m or less | ||||||||||||||||||||
| Housing scale and construction ratio | ∙ More than 40% of the total number of units constructed must be under 85㎡ | |||||||||||||||||||||||||
| Matters related to the construction of rental housing | ∙ Either 10% of total housing units or 7% of the total floor area must be constructed as rental housing. ∙ At least 30% of the total rental housing units or more than 5% of the total housing units to be constructed must be constructed as rental housing occupying 40㎡ or less. | |||||||||||||||||||||||||
| Application of floor area ratio reduction standards | ∙ The evaluation standards for the base floor area ratio and the floor area ratio reduction standards according to the "Basic Plan for Urban and Residential Environment Maintenance of Busan Metropolitan City". ∙ Standard floor area ratio calculation: 249% (residential maintenance zone) | |||||||||||||||||||||||||
| Type | Evaluation Standard Score | ⇨ | Evaluation Standard Point Allocation | Land Use | Standard Floor Area Ratio | |||||||||||||||||||||
| Goejeong District 11 | 54 points | 50~80 points or less | Residential Maintenance | 249% | ||||||||||||||||||||||
| ※ Special maintenance district standards according to Busan Metropolitan City Announcement No. 2021-541 (December 29, 2021) adds 9% to the standard floor area ratio. ▸ Maximum allowable floor area ratio calculation: When applying total incentives, maximum allowable floor area ratio - [104,443㎡×(249%+40%)]÷104,443㎡ = 289.0% ▸ When providing public interest elements, maximum allowable floor area ratio - [104,443㎡×(249%+20%)]÷104,443㎡ = 269.0% ▸ Floor area ratio reduction application: The incentive calculation for providing public facility site - 1.5×(provided area ÷ land area after provision)×200% (second-class general residential area) - 1.5 × (6,330.5㎡ ÷ 104,443㎡) × 200% = 18.2% ▸ Regional economic activation incentive: Designer 5% ▸ Sustainable multi-family housing: 5% ▸ Green building certification, energy efficiency grade certification: 6% ▸ Reduced floor area ratio: 18.2% + 5% + 5% + 6% = 34.2% ▸ Allowable floor area ratio: 249% + 34.2% = 283.2% ▸ Planned floor area ratio: 271% or less | ||||||||||||||||||||||||||
Classification
Announcement
Agency Classification
City
Agency
Busan Metropolitan City
Announcement Number
2026-187
Title
Announcement of the decision on the maintenance plan and designation of the maintenance zone for the Goejeong District 11 redevelopment project
Date
2026-05-27
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Frequently Asked Questions (FAQ)
Q. When was the Goejeong District 11 redevelopment area designated?
The announcement for the designation of the Goejeong District 11 redevelopment maintenance area was made on May 27, 2026.
The Goejeong District 11 project targets the area of 358-1 Goejeong-dong, Saha-gu, Busan. The decision on the maintenance plan and the announcement of the designation of the maintenance area for this zone were officially designated on May 27, 2026, under Busan Metropolitan City Announcement No. 2026-187, and related documents can be checked at the Urban Maintenance Division of Busan Metropolitan City and the Residential Maintenance Division of Saha-gu. The swift completion of the zone designation within approximately seven months after the initial announcement indicates the smooth progress of administrative procedures for ongoing projects.
Q. What is the planned number of households for the Goejeong District 11 redevelopment project?
The expected number of households after the Goejeong District 11 redevelopment is a total of 2,432 households.
The current number of households in Goejeong District 11 is 1,318, and it is planned to increase by approximately 1,114 households, bringing the total to 2,432 after the completion of the maintenance project. This significant increase in the number of residential units serves as an important indicator of the project's scale and the expected effects on improving the residential environment. The increase in the number of households reflects expectations for regional activation due to resident influx and population growth. However, the project's feasibility may vary depending on construction cost fluctuations, pricing determinations, market trends, and other variables.
Q. What are the regulations regarding the floor area ratio and building coverage ratio for the Goejeong District 11 redevelopment project?
The floor area ratio for Goejeong District 11 is set at 271% or less, and the building coverage ratio is set at 30% or less.
The Goejeong District 11 redevelopment project clearly defines the coverage and floor area ratio regulations to control the primary uses and density of the buildings. The building coverage ratio is limited to 30% or less, and the floor area ratio is limited to 271% or less, which helps prevent excessive development and aims to create a pleasant living environment. Furthermore, the building height is regulated to be under 100m, indicating a consideration of local scenery and sunlight rights. Infrastructure such as roads, parks, and cultural facilities are also included to support regional development.
Q. What is the location and traffic accessibility of the Goejeong District 11 redevelopment project?
Goejeong District 11 is located near Daeti Station in Saha-gu, Busan, boasting excellent traffic accessibility.
Goejeong District 11 is situated near Daeti Station on Busan Metro Line 1 and is adjacent to the Goejeong living area, Daeti Tunnel, and Nakdong-daero, making it a conveniently accessible residential area in western Busan. This exceptional accessibility increases the project value and investment potential while facilitating smooth transportation for residents. With procedures such as the establishment of the association and the selection of construction companies on the horizon, there are high expectations for improvements in the living environment and regional activation.
Q. How will the zoning change due to the Goejeong District 11 redevelopment project? Goejeong District 11 will be changed from the existing second-class general residential area to a third-class general residential area.
In accordance with the maintenance plan, the zoning for Goejeong District 11 will change from the existing second-class general residential area to a third-class general residential area, leading to changes in the construction and land use forms. A third-class general residential area allows for the construction of medium-density housing alongside general residential uses, thus improving the residential environment and increasing population capacity. This change will enable the introduction of a wider variety of housing types and amenities, positively impacting regional development.
