Busan is good

Urban Redevelopment Procedures to Be Significantly Streamlined Through the Elimination of Preliminary Feasibility Reviews

내용

Busan Metropolitan City, led by Mayor Chun Jae-soo, announced that the revised “2030 Busan Metropolitan City Basic Plan for Urban and Residential Environment Improvement,” which was approved by the Urban Planning Committee in April, will take effect today (July 8). The revision is designed to dramatically simplify redevelopment procedures and support faster project implementation.

The revision focuses on addressing the long-standing issue of overly complex early-stage redevelopment procedures while enhancing project feasibility through stronger collaboration between the public and private sectors.

The most significant change is the abolition of the preliminary feasibility review process previously required for the designation of new redevelopment zones. The existing system had been criticized because the preliminary feasibility review and the redevelopment zone designation review overlapped, causing project delays and increasing initial costs for residents.

In place of the abolished review process, the City will introduce the Urban Redevelopment MP (Master Planner) Committee advisory system to strengthen public value.

Composed of experts in urban planning, architecture, landscape, transportation, design, and other related fields, the Urban Redevelopment MP Committee will provide coordinated and professional guidance from the redevelopment plan proposal stage. The committee will review integrated planning with adjacent areas, infrastructure placement, and public contribution measures to develop well-balanced and practical planning proposals.

The City will also substantially improve the redevelopment plan request system, under which the public sector presents the basic direction for redevelopment planning. Moving beyond the previous resident-led proposal approach, the public sector will participate from the earliest stages to support comprehensive spatial planning that balances public value with project feasibility.

To prevent indiscriminate redevelopment plan requests, the City will establish criteria and priorities for selecting projects while also providing a basis for residents to submit redevelopment plan proposals that align with the City's overall planning objectives.

For redevelopment plans established through official requests, a floor area ratio (FAR) incentive of up to 5 percent may be granted to achieve an appropriate balance between public value and project feasibility. Through this measure, the City aims to encourage greater resident participation and accelerate project implementation.

Following the abolition of the preliminary feasibility review system, the eligibility determination date for receiving rights to newly constructed housing and other buildings will also be advanced as much as possible to prevent speculative practices such as parcel fragmentation.

Previously, the eligibility determination date was either the date on which a district or county first applied to the City for a preliminary feasibility review or the date on which the district or county notified the City that it had accepted a request to formulate a redevelopment plan. This timeline had raised concerns that speculative investors could enter redevelopment areas while administrative procedures were still underway.

Under the revised system, the eligibility determination date will instead be the date on which landowners submit a proposal or request for redevelopment plan formulation to the relevant district or county.

Kim Hyo-sook, Director General of the Housing and Architecture Bureau, stated, “This revision to the Basic Plan is intended to lower barriers to redevelopment projects and simplify administrative procedures so that Busan's residential environment can be improved more quickly. Beyond simply increasing the speed of project implementation, we will create high-quality and harmonious urban spaces through initiatives such as the Urban Redevelopment MP Committee advisory system.”