2022. 07. 31 · Simok Kim
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
The last remaining ‘golden egg’ of land in Seoul will soon be transformed into a ‘future city complex’ modeled after New York’s Hudson Yards. For the first time ever, the Seoul Metropolitan Government has decided to allow ultra-high-density development with a floor area ratio of 1500% or more to which the minimum location regulation zone has been applied. The minimum location regulation zone is a special regulatory exception that separately sets the allowable use, floor area ratio, building-to-land ratio, and building height without being subject to location restrictions according to the use area and the like. In the case of Hudson Yards in New York, which is a similar project […]
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Content Editor, Seoul Property Insight(SPI)
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