[Photo] Government Allows 50-Story Reconstruction
The government is introducing a public reconstruction system as part of expanding supply to stabilize the real estate market, and will significantly relax floor area ratio and height restrictions for reconstruction apartments in Seoul. Alongside this, land development such as the Taereung Golf Course site in Nowon-gu, Seoul, will be pursued to supply a total of 132,000 new housing units. The photo shows the Sincheon-dong Miseong Clover and Jinju apartment reconstruction complexes as seen from Lotte World Tower in Songpa-gu, Seoul, on the 4th. /Reporter Moon Honam munonam@
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 40s Who Kept Girlfriend's Body for a Year After Murder Sentenced to 30 Years in Prison Again on Appeal
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.