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Housing Site Development

To address the city’s urgent housing shortage, we developed and supplied affordable housing sites, helping Busan meet its housing construction targets on schedule.


Through the expansion of Busan’s urban area, including Hwamyeong New Town and Jeonggwan New Town, we provide citizens with a comfortable residential environment and continue to enhance the city’s value.

Providing Spaces to Address Housing Challenges Housing Site Development

Hwamyeong New Town

Hwamyeong-dong and
Geumgok-dong, Buk-gu

1.9 million m²
*Planned Population Capacity: 47,202

KRW 630.3 billion

Jeonggwan New Town

Jeonggwan-myeon, Gijang-gun

950,000 m²
(Total project area: 4.2 m²),
*Planned Population Capacity: 85,791

KRW 240.9 billion
(Total project budget: KRW 1.0854 trillion)

Housing Site Development Project in Geoje District

Geoje-dong Yeonje-gu

280,000 m² *Planned Population Capacity: 9,969

KRW 267.2 billion

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