Yangcheon and Geumcheon Districts' Two Self-built Housing Sites, "100% Rental Housing with Legal Maximum Floor Area Ratio"

[Asia Economy Reporter Yuri Kim] Two autonomous housing maintenance project sites in Sinwol-dong, Yangcheon-gu, and Siheung-dong, Geumcheon-gu, Seoul, have planned 100% rental housing and received floor area ratio relief up to the legal limit.

Seoul City announced on the 19th that at the Urban Regeneration Committee held on the 18th, it conditionally approved the implementation plans for two autonomous housing maintenance projects where residents improve aging detached houses by themselves.

The autonomous housing maintenance project is one of the small-scale housing maintenance projects under the "Special Act on the Maintenance of Vacant Houses and Small-scale Housing." Owners of aging detached, multi-family, and row houses form a resident consensus body through unanimous agreement and improve or construct houses themselves. It can be promoted through consolidation type, autonomous type, or architectural agreement type methods.

The two sites approved this time are 171-26 Sinwol-dong, Yangcheon-gu, and two parcels including 210-3 Siheung-dong, Geumcheon-gu. At each site, two landowners formed a resident consensus body and planned 10 multi-family housing units using the consolidation type method. All 10 units are planned as public rental housing and will receive floor area ratio relief up to the legal maximum.

According to the Special Act on the Maintenance of Vacant Houses and Small-scale Housing, if 20% or more of the total floor area (or number of households) is constructed as rental housing, floor area ratio relief up to the legal limit is possible after review by the Seoul Urban Regeneration Committee.

Seoul City plans to continue administrative support to improve the residential environment of aging low-rise residential areas and secure rental housing through small-scale housing maintenance projects.

Kang Maeng-hoon, Director of Seoul City Urban Regeneration Office, said, "The city has been striving to revitalize small-scale housing maintenance projects by supporting services such as autonomous and street housing feasibility analysis for estimating contribution costs," adding, "We expect small-scale housing maintenance projects to play a central role in improving the residential environment of aging residential areas. We will continue to improve related systems and provide administrative support going forward."

This content was produced with the assistance of AI translation services.