Samsung-dong Row House, Increased to 10 Floors with Rental Housing... Second After Mok-dong

Seoul City Urban Regeneration Committee, Conditionally Approved

▲Samseong-dong Street Housing Maintenance Project Site. (Provided by Seoul City)

[Asia Economy Reporter Kim Hyemin] A 10-story apartment building will be constructed in Samseong-dong, Gangnam-gu, Seoul through the street housing maintenance project, known as 'mini reconstruction.' This is a case where rental housing was secured and the number of floors was increased.

On the 3rd, the Seoul Metropolitan Government held the 2nd Small-scale Housing Authorization Subcommittee of the Urban Regeneration Committee and announced on the 4th that the implementation plan for the street housing maintenance project in the area of 98 Samseong-dong was conditionally approved. The recently approved Samseong-dong street housing maintenance project is the second case where floor regulations were relaxed in a Type 2 general residential area, which is subject to a restriction of up to 7 floors, following the street housing maintenance project in Mok-dong, Yangcheon-gu, approved in February.

Seventy-nine landowners established an association and agreed to supply more than 10% of the total number of households as public rental housing, thereby raising the number of floors to 10. The legal maximum floor area ratio was also relaxed within the range (225%). Accordingly, a total of 118 households will be built on the site, including 12 public rental housing units, 79 association members' households, and 27 general sale units.

Along with this, the city also conditionally approved the implementation plans for autonomous housing maintenance projects in Banghak-dong and Ssangmun-dong, Dobong-gu.

The autonomous housing projects to be built at 386-6 Banghak-dong and 460-194 Ssangmun-dong also included public rental housing and received floor area ratio relaxation within the legal maximum floor area ratio range. A total of 10 multi-family houses (8 public rental units) and 15 houses (11 public rental units) will be constructed, respectively.

Meanwhile, street housing and autonomous housing maintenance projects can receive relaxation up to the legal maximum floor area ratio through the review of the Seoul Urban Regeneration Committee if public rental housing is included, according to the Special Act on the Maintenance of Vacant Houses and Small-scale Housing. Street housing in Type 2 general residential areas, which are subject to a restriction of up to 7 floors, can have floors relaxed up to 10 floors (15 floors if public contribution is made). The constructed public rental housing is purchased by the public sector based on the appraised value combining land and buildings.

Yang Yongtaek, Acting Director of the Seoul Urban Regeneration Office, said, "Small-scale maintenance projects are progressing quickly and have great advantages such as low-interest loans from the Korea Housing & Urban Guarantee Corporation and deregulation, so they continue to be activated. Residents themselves improve the quality of housing by maintaining old houses, and to stabilize housing prices, housing supply will be expanded through continuous institutional improvements and administrative support."

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