Objections to Floor Area Ratio Regulations Lack Clout

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Objections to Floor Area Ratio Regulations Lack Clout

"We will tighten floor area ratio regulations to prevent the reckless development of downtown Seoul, including the rebuilding of apartments or buildings with retail and residential space."

Following Seoul City's declared intentions to legislate city development regulations on May 18, several controversies have erupted. Since the construction of multistory complexes has become more difficult, the number of apartments to be rebuilt has dropped sharply. Disputes on the pros and cons of the warcry against untrammeled development within academic, business and civic circles are intensifying.

While the general direction of the city's policy is improving, many people fear that landowners' property rights are under threat. Particularly concerned are the local residents who expected to reap profits through the development of skyscrapers.

Many people believe that the parties raising objections to the new regulations by the city government are only concerned with their potential loss of profit, and not the welfare of the city's residents.

One of the leading members of a residential construction business association explained that if the floor area ratio is lowered, people will suffer from a scarcity of homes.

Such an attitude is, in fact, simply an indication of the lack of concern for the general public on the part of developers and members of the construction sector.

The city of Seoul has very enthusiastically attacked the regulation issue. However, until the city gives more substance and detail to the ongoing plan to revamp the zoning regulations, confusion will reign.

by Kim Seok-kyh

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