Mia 2 District Moves Forward After 15 Years of Stagnation with Floor Area Ratio Deregulation... Oh Sehoon: "No More Project Delays"

Urban Renewal Promotion Project Regulatory Innovation Introduced in July
Standard Floor Area Ratio Improved from 20% to Up to 30% for the First Time in 20 Years
Mia 2 District Selected as the First Beneficiary

Location map of Mia 2 District. Seoul City

The Mia 2 Urban Renewal Promotion District (Mia 2 District), which had been stagnant for 15 years, has secured business viability and is accelerating progress thanks to regulatory easing measures such as an increase in the floor area ratio. The Seoul Metropolitan Government plans to secure momentum for the urban renewal promotion project by abolishing regulations, including raising the standard floor area ratio from the previous 20% to 30%.

On September 24, the city announced that Mia 2 District has been selected as the first beneficiary of the "Urban Renewal Promotion Project Regulatory Innovation," which has been implemented since July.

The urban renewal promotion project (formerly known as New Town) is an urban redevelopment strategy aimed at constructing mini new towns equipped with ample housing, large-scale community facilities, roads, parks, schools, and other essential infrastructure. In the early 2000s, development began with 319 project sites (35 new towns) to improve residential areas. However, due to ongoing conflicts and the cancellation of many districts over an eight-year period starting in 2012, only 110 project zones are currently progressing, and at a slow pace.

Mia 2 District is the largest redevelopment area within Mia New Town, a representative redevelopment zone in Gangbuk. Although it was designated as a redevelopment zone in 2010, the project stalled for an extended period due to reasons such as failing to obtain project implementation approval. The city has selected Mia 2 District as the first target of Regulatory Abolition No. 36 and plans to accelerate progress. The goal is to obtain project implementation approval in the second half of next year and break ground in the first half of 2030.

Previously, in February, the city prepared Regulatory Abolition No. 36, titled "Urban Renewal Promotion Project Floor Area Ratio, Public Contribution, and Housing Ratio Easing," and implemented it in July after a review by the Urban Redevelopment Committee. Regulatory Abolition No. 36 includes a plan to significantly improve the standard floor area ratio for the first time in 20 years, increasing it from 20% to up to 30%. In addition, the legal maximum floor area ratio has been expanded from the previous 1.0 times to 1.2 times.

Furthermore, the "business viability adjustment incentive," which was previously applied only to general redevelopment projects, has now been introduced to urban renewal promotion districts as well. Additional floor area ratio benefits will be provided if facilities addressing aging populations, low birth rates, or eco-friendly features are installed.

This regulatory easing is expected to benefit 110 project sites within 31 urban renewal promotion districts. The city anticipates that housing supply could increase by up to 20%, and that association members’ contributions can also be reduced.

Mia 2 District is currently undergoing the process of amending its promotion plan. The main content of the proposed amendment, which is open for public review by residents until September 26, is to increase the floor area ratio (from 261% to 310%) and expand housing supply (from 3,519 to 4,003 units).

This regulatory easing is expected to benefit 110 project sites within 31 urban renewal promotion districts. There are also expectations that housing supply could increase by up to 20%. Association members’ contributions are also expected to decrease.

On the morning of September 24, Seoul Mayor Oh Sehoon visited Mia 2 District and pledged support. Mayor Oh stated, "We will focus all administrative resources with a strong determination that there will be no further delays in the Mia 2 District project," adding, "Many project sites will gain significant momentum in their progress through regulatory abolition, innovation, and public support."

He also announced plans to designate city and district directors as process acceleration officers to strengthen process management, and to actively operate a conflict management responsibility system to help resolve disputes.

Additionally, the city plans to directly oversee and support all processes from the Urban Redevelopment Committee review to architectural review and groundbreaking, in order to prevent any delays in approval procedures.

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