The government introduces the'city center public housing complex project' to promote high-density development of metropolitan areas such as Seoul, semi-industrial areas, and low-rise residential areas at a speedy pace.
The core of the urban housing supply plan announced by the government today (4th) through the 2 and 4 measures is the urban public housing complex project, in which public institutions secure sites and promote projects in station areas, semi-industrial areas, and low-rise residential areas.
Through this project, we will provide a total of 196,000 houses, including 117,000 units in Seoul, 30,000 units in Gyeonggi-Incheon, and 49,000 units in local metropolitan cities for five years.
To this end, the government revised the'Special Act on Public Housing' to establish a new type of urban public housing complex project.
If it is promoted by the Special Public Housing Act, the government designates the district, and public institutions such as the Korea Land and Housing Corporation (LH) and Seoul Housing and Urban Corporation (SH) secure the land and lead development projects.
No combination is required.
When land owners, private companies, and local governments propose projects to LH or SH, etc., they are designated as planned districts after review by the Ministry of Land, Infrastructure and Transport.
The project is confirmed if two-thirds of the land owners agree within one year of the designated district.
In this case, the'Fast Track', in which the public corporation secures the site and the local government shortens the licensing through integrated deliberation.
In these areas, the floor area ratio is increased up to 140% of the legal upper limit, and various urban regulations are relaxed by designating it as a special building area.
The donation collection ratio based on the floor area ratio incentive was set at 15%.
In order to induce the participation of land owners, the government guarantees a 10 to 30 percentage point higher rate of return compared to existing projects and gives them priority supply of apartments and shopping malls.
In addition to the additional income guaranteed to the landlord, the development profits are redeemed by the public.
It is used for profit-sharing housing arrangements, support for relocation and livelihoods of tenants and small merchants, and expansion of SOC for living in local communities.
In principle, 70-80% of the total housing supply is supplied through public pre-sale, and public-owned housing and public rental such as conditional redemption, land rental, and equity accumulation type are supplied in the range of 20-30%.
This means that the housing received through donation payments is not used solely for public rental.
This is the purpose of supplying houses secured through urban development, mainly for sale apartments.
We provide profit-sharing housing or a new type of revenue-sharing mortgage to real residents who are unable to cover business expenses.
Profit-sharing houses pay only a part of the pre-sale price and secure full ownership, but when disposing of them afterwards, they are sold only to LH and the profit or loss is shared.
Mortgage is a method of receiving a fund loan, buying a house, repaying the principal and interest in installments, and sharing the profit with the fund according to the average balance of the loan at the time of disposal.
In principle, rotational development is applied, and moving expenses and monthly average household expenses for 4 months are paid to tenants who have lived for more than 3 months.
When a public company applies as a solely implemented project, the area is designated as a land transaction permission area.
If you acquire real estate such as land in the business area after this day, you will not be able to receive priority supply rights for apartments and shopping malls, and you will have to pay cash in the end.
This project is divided into a station area (residential commercial high-density district), a semi-industrial area (residential industrial convergence district), and a low-rise residential area (housing supply activation district).
Station areas and semi-industrial areas must have an area of 5,000m2 or more, and low-rise residential areas of 10,000m2 or more.
All three types of projects are designated as special construction zones to relieve urban regulations such as sunlight rights, lighting standards, height standards, and mandatory landscaping standards.
In the station area, a floor area ratio of 700% is applied to the quasi-residential area.
This has raised to 140% of the legal standard.
The radius of the station area remains at the existing 350m.
Initially, a plan to expand it to 500m was considered, but consensus was formed that the current standard for horizontal space was sufficient.
In the station area, the commercial ratio of residential and commercial complexes is also reduced from 10% to 5% in quasi-residential areas and from 20% to 10% in commercial areas.
By securing public transport linkage measures, the obligation to install parking lots is also reduced.
In semi-industrial areas, we have decided to raise the floor area ratio to the legal upper limit, but not accept public rental donations.
Special housing is provided to employees of tenant companies.
In low-rise residential areas, the floor area ratio is increased to 120% of the legal upper limit.
In this case, the floor area ratio can be increased to 500% in a semi-residential area.