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Weekly Korean Market Update(03/10~03/16)

2025. 03. 17 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Seoul Allows Floor Area Ratio of 1,800% Along Teheran-ro, Enabling Development of Super High-rise Buildings The Seoul Metropolitan Government announced that it has approved the revised ‘Teheran-ro District Unit Plan Decision Amendment,’ which includes increasing the floor area ratio of the Teheran-ro area from Gangnam Station Intersection to Posco Intersection to a maximum of 1,800% and doing away with height restrictions. Accordingly, Teheran-ro is designated as a ‘modifiable use area’ where the use area can be increased as is possible in a ‘central commercial area’ which can be seen in Myeongdong, Sangam-dong, and Yeouido, and the maximum floor area ratio is granted when applying environmental elements and creative […]

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