Abolition of the 35-Floor Rule Causes Stir in Apgujeong, Yeouido, and Seongsu

The areas expected to directly benefit from Seoul City's 'abolition of the 35-floor rule' include Apgujeong-dong in Gangnam-gu, Ichon-dong in Yongsan-gu, Yeouido-dong in Yeongdeungpo-gu, and Seongsu-dong in Seongdong-gu. Apgujeong-dong Hyundai, Daechi-dong Eunma, Jamsil Jugong Complex 5, and Yeouido Sibeom are even nicknamed the 'Four Kings of Reconstruction.'

Jamsil Complex 5 is expected to see the benefits of the abolition of the 35-floor rule the earliest. Last month, its maintenance plan passed the Seoul City Urban Planning Committee (Dogae-wi), receiving approval for a 50-floor plan. In this case, Jamsil Complex 5 will increase its number of households from the current 3,930 to 6,815 (including 611 public housing units), about 1.7 times more. The reconstruction association of Apgujeong Apartment District 2 in Gangnam-gu, Seoul, specified the building scale as '3 basement floors to 49 floors above ground' in the design competition announced in January. Daechi-dong Eunma Apartment is also expected to follow this trend and proceed with high-rise reconstruction.

Ichon-dong Hangang Mansion in Yongsan-gu, which proposed a super high-rise design, is also stirring. According to the original plan, Hangang Mansion will transform from the current 24 buildings into 15 buildings of 35-floor apartments. The total number of households will increase from 660 to 1,441. However, the industry expects that if the floors are raised to 68, it could accommodate at least 1,600 households. GS Construction, which is in charge of the reconstruction of Hangang Mansion Apartment, has presented the association with a super high-rise (68 floors) design plan.

The Seongsu-dong area had already established a 50-floor plan along the Han River as part of Seoul Mayor Oh Se-hoon's 'Han River Renaissance,' but it repeatedly faced setbacks due to the 35-floor rule. With the abolition of the 35-floor rule, the possibility of realizing the original high-rise development plans for complexes in the area has increased. The clock is also ticking faster in Yeouido. Yeouido Sibeom Apartment and Hanyang Apartment, which applied for Seoul City's private maintenance project support system called 'Rapid Integrated Planning,' are representative cases. Samboo and Mokhwa Apartments, which are pursuing integrated reconstruction, as well as Hwarang, Jangmi, and Daegyo Apartments, are also knocking on the door of high-rise development. Samboo and Mokhwa Apartments, pursuing integrated reconstruction, experienced difficulties over the Han River-side donation issue, but most conflicts have now been resolved.

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