Machun 1 District Eases Floor Area Ratio to Supply Residential Complexes Up to 49 Stories

The Seoul Metropolitan Government announced on March 4 that it will ease the standard floor area ratio (FAR) in the Machun 1 District of Songpa-gu to supply high-rise residential complexes of up to 49 stories.

According to the city, at the first Urban Renewal Committee meeting held the previous day, the amendment to the 'Machun 1 District Urban Renewal Promotion Plan' was approved with modifications. Since the decision on the renewal plan in January 2020, the project had been delayed for a long time due to profitability issues.

The city improved project conditions by applying deregulation measures to the renewal project, easing the standard FAR by up to 30%, and allowing up to 1.2 times the legal maximum FAR. The zoning was also upgraded. Higher zoning enables higher-density development, which is advantageous in terms of project profitability.

For Parcel 3-1, the zoning will be upgraded from Type 1 General Residential Area to Type 2, with a legal maximum FAR of up to 250%. Parcel 3-2 will be upgraded from Type 2 to Type 3, allowing up to 1.2 times the legal maximum, or up to 360%. Parcel 3-3 will be upgraded from Type 2 to Type 3 General Residential Area, with a legal maximum FAR of up to 300%.

In addition, the city plans to refurbish aging public facilities in the station area and establish a senior welfare center and a public postnatal care center for mothers and infants.

According to the city, the Machun 2, 3, 4, and 5 Districts, as well as the Geoye Saemaeul District within the Geoye-Machun Urban Renewal Promotion Zone, are also progressing as planned. The area will be developed as a waterfront residential complex, including the creation of parks and walking trails in connection with the restoration of Seongnaecheon Stream.

Choi Jinseok, Head of Housing Policy at the Seoul Metropolitan Government, stated, "Through administrative support, we will continue our efforts to shorten the project timeline and ensure timely housing supply in subsequent procedures."

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