The Study on Strategies for Activating Urban Renewal Projects to Expand Housing Supply in Busan

This study aims to analyze the housing supply structure and the implementation status of redevelopment projects in Busan, while proposing activation measures to expand housing supply. Although the government has continuously pursued policies to increase housing supply in urban centers, Busan faces limitations due to its high proportion of aging housing and delays in redevelopment procedures, which restrict the actual effectiveness of supply expansion. The analysis revealed three key structural problems in Busan's redevelopment projects: first, the deepening dependence of the housing supply structure on redevelopment projects; second, prolonged delays in the early and middle stages of project implementation; and third, substantial regional disparities. Many redevelopment zones remain at the preliminary feasibility review or early designation stage, resulting in low short-term contributions to housing supply. Furthermore, in core urban areas such as Yeongdo, Jung-gu, and Sasang-gu, where 70–80% of housing is overaged, project feasibility is relatively low, leading to severe delays in implementation. Coupled with a sharp decrease in rental housing availability and a decline in new housing completions, these factors have collectively intensified residential instability in Busan.