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Recognition of Existing Floor-Area Ratio

Seoul planning rule that credits the floor-area ratio already built on a site when setting the baseline for redevelopment, raising allowable density in districts built more densely than current zoning would permit.

Current clusters

invest1 publisher

Daewoo E&C's 355.6 billion won contract puts a per-unit price on Seoul Station's hillsides

Five zones behind Seoul Station are cleared to build about 6,500 homes. The one signed builder contract, 355.6 billion won for 697 flats at Cheongpa 1, values the work at roughly 510 million won an apartment.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption45
Hype gap+25
Incentives65
Confidence50