Seoul City offers 'unprecedented incentives' for small-scale redevelopment projects... 'Raise higher, abolish mandatory regulations'

Factual coreconfirmed by several independent voices

• The city explained that when upgrading to a semi-residential area, the maximum floor area ratio applies up to 400%, and if rental housing for purchase is supplied together, it can go up to 500%.

  reliability low1/2 sources

Reported detailssecondary facts, each attributed to its source

• Seoul City, adjusting regulations for redevelopment of old low-rise residential areas Image expansion Seoul City Moa Housing·Moa Town [Yonhap News data photo] (Seoul=Yonhap News) Reporter Kim Jun-tae = Seoul City announced on the 9th that it will allow faster development by raising the floor area ratio and easing floor number regulations in relation to the 'Moa Housing·Moa Town' project.

  according to Yonhap News Agency

• Seoul City announced the 'Moa Housing Review Criteria Improvement Plan' containing these contents on the 9th.

  according to Kyunghyang Shinmun

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