With the easing of private redevelopment regulations by Oh... public redevelopment "needs expanded incentives"

Seoul Mayor Oh Se-hoon Pushes Redevelopment Zoning Upgrade from 'Type 2, 7 Floors → Type 2'
Public Redevelopment Candidate Sites Say "Upgrade from Type 2, 7 Floors to Type 3 Needed for Differentiation"
Position Emphasizes Clear Advantages of Public Implementation
If Reflected, Public Redevelopment Feasibility Expected to Improve Significantly

Yeonhui-dong 721 Area, Public Redevelopment Candidate Site, Seodaemun-gu, Seoul

[Asia Economy Reporter Onyu Lim] Voices from residents demanding additional incentives such as zoning upgrades for public redevelopment candidate sites are growing louder. This is because, with Seoul Mayor Oh Se-hoon's push to ease private redevelopment regulations, the incentives previously offered by the government provide no reason to pursue public redevelopment. Since the 7-story height limit in the Category 2 General Residential Area is being abolished, residents argue that a zoning upgrade to Category 3 General Residential Area is necessary for public redevelopment.

According to the maintenance industry on the 16th, public redevelopment candidate sites are insisting that the Category 2 General Residential Area, which is subject to a 7-story height limit, should be upgraded to a Category 3 General Residential Area with a maximum floor area ratio of 300%. Under the current plan, public redevelopment in a Category 2, 7-story area is upgraded to a Category 2 General Residential Area with a maximum floor area ratio of 250%.

However, as Mayor Oh is pushing to abolish the 7-story height limit in Category 2 General Residential Areas as one of the 'six major redevelopment deregulations,' residents argue that there is little benefit to public redevelopment. This is because public redevelopment involves public participation in implementation and conditions for donating public rental housing.

The demand for zoning upgrades is stronger in areas where business feasibility improvements are minimal. Yeonhui-dong 721 area in Seodaemun-gu is a representative example. Since most of this area is hilly, one-third of the total area is designated as Category 1 General Residential Area, limiting the expansion of the number of households. According to Seoul's urban planning law, zoning upgrades are difficult in Category 1 areas to preserve low-rise residential neighborhoods. A public redevelopment promotion committee official in this area stated, "If the 7-story restriction in Category 2 is removed even for private redevelopment, the merit of public redevelopment disappears," and insisted that the Category 2, 7-story areas within the district should be upgraded to Category 3 General Residential Area.

The Shingil 1 District in Yeongdeungpo-gu, the second candidate site for public redevelopment, holds a similar position. If upgraded to Category 3 General Residential Area, the number of housing units could increase from 1,510 to 1,800, improving business feasibility. The Shingil 1 District in Yeongdeungpo-gu, where 93% of the area is Category 2, 7-story zone (with 552 union members), could see the total number of households rise from 1,510 to about 1,800. Park Jong-deok, chairman of the public redevelopment promotion committee in this district, said, "If business feasibility improves, it will greatly contribute to easing the burden on original residents."

Regarding this, a representative from Korea Land and Housing Corporation (LH) said, "Currently, we are evaluating business feasibility based on conservative standards and holding briefing sessions," adding, "We will decide on the zoning upgrade of Category 2, 7-story areas to Category 3 within public redevelopment in consultation with Seoul City in the future."

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