Seoul City Initiates Revitalization of Remodeling for Aging and Low-Rise Residential Areas

[Asia Economy Reporter Donghyun Choi] Seoul City announced on the 25th that it will improve the system and expand the scope of financial support to revitalize remodeling of aging low-rise residential areas.

Seoul City has prepared improvement measures to induce practical remodeling revitalization targeting low-rise residential regeneration areas, including ▲expanding the scope of remodeling subsidy support ▲relaxing parking lot installation standards within regeneration areas ▲simplifying administrative procedures.

First, the support scope of the Seoul Beautiful House Project, which currently only covers simple home repairs, will be expanded to include extension remodeling construction within remodeling revitalization zones. When extending and remodeling single-family or multi-family houses within low-rise residential remodeling revitalization zones, construction costs of up to 15 million KRW can be supported.

Also, according to the revised Urban Regeneration Ordinance on the 16th of last month, when remodeling aging houses in urban regeneration revitalization areas, if there is a public parking lot nearby and the urban regeneration revitalization plan includes provisions for parking lot relaxation, the benefit of exemption from installing one parking space can be simultaneously received.

The designation procedure for remodeling revitalization zones will also be greatly simplified. During the establishment of the urban regeneration revitalization plan, the remodeling revitalization zone designation proposal will be reviewed by the Urban Regeneration Committee, allowing the omission of consultation with the Architectural Committee.

Furthermore, Seoul City will strengthen publicity and education to increase understanding among local residents and autonomous districts regarding remodeling revitalization zones. The current status and relaxation measures of remodeling revitalization zones within Seoul will be disclosed on the 'Seoul Urban Regeneration Portal' and other platforms to guide citizens to easily access remodeling information. In addition, education will be provided to coordinators of the Urban Regeneration Support Center and officials in autonomous districts to support the establishment of the improved system.

Ryu Hoon, Director of Seoul City’s Urban Regeneration Office, said, "We hope this system improvement will be a practical help in improving the residential environment of aging houses within urban regeneration areas," adding, "Since there are limits to relying solely on limited public resources for sustainable urban regeneration, we will continue to discover additional system improvement plans to enable voluntary participation of the private sector."

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