"FAR Incentives for Undergrounding Power Lines in Apartment Redevelopment and Reconstruction... Newly Introduced at Yeongdeungpo District's Proposal"

Up to an Additional 5 Percentage Points Since April
Reflected in the "2030 Seoul Metropolitan City Urban Residential Environment Maintenance Master Plan"

With the proposal for system improvement by Yeongdeungpo District in Seoul (District Mayor Choi Hokwon), as of April this year, apartment redevelopment, reconstruction, and other housing maintenance projects are now eligible to receive floor area ratio (FAR) incentives for undergrounding power lines.

Provided by Yeongdeungpo-gu.

Until now, the Seoul Metropolitan Government had only granted FAR incentives for undergrounding power lines to urban redevelopment projects focused on commercial and business districts. However, housing maintenance projects, which are closely tied to residents' daily lives and are much larger in scale, had been excluded, leading to ongoing concerns about fairness between different types of projects.

According to Yeongdeungpo District on June 11, the district requested that FAR incentives for undergrounding power lines within maintenance zones also be applied to housing maintenance projects. This request has now been officially included in the "2030 Seoul Metropolitan City Urban Residential Environment Maintenance Master Plan." As a result, when carrying out housing maintenance projects, up to an additional 5 percentage points in FAR can be granted if undergrounding of power lines is implemented as a condition.

The district explained that undergrounding power lines is a city management project with significant public value, as it ensures pedestrian safety, improves the cityscape, and strengthens disaster response capabilities. It also emphasized that the incentive-based FAR approach is a rational support measure that secures the public interest without shifting project costs onto the private sector.

Choi Hokwon, Mayor of Yeongdeungpo District, said, "I hope that undergrounding power lines in connection with redevelopment and reconstruction maintenance projects will lead to the creation of a safe and pleasant street environment."

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