Incentives such as easing floor area ratio limits for the urban public dwellings complex project will be strengthened to speed up the supply of dwellings. Compensation rules to boost the pace of public housing site development will also be clarified.
The Ministry of Land, Infrastructure and Transport said on the 6th that a revision to the enforcement decree of the Special Act on Public Housing to invigorate urban public dwellings complex projects and public housing site development projects was approved at a Cabinet meeting.
Accordingly, the legal cap relaxation on floor area ratio (1.4 times), which had applied only to quasi-residential zones of station-area types, will be expanded to general residential zones within station areas and to low-rise residential types. The special provision will be introduced for a limited three-year period; however, projects designated as proposed districts during the special-provision period will continue to receive the special provision even after three years.
Standards for parks and green space will also be eased. The project-area threshold that requires mandatory securing of parks and green space will be raised from 50,000㎡ to 100,000㎡ or more to enhance project viability.
Systems to boost the pace of public housing site projects will also be refined. The negotiated transferor system, which provides benefits such as negotiated contracts for housing sites to landowners who transfer sites during the public housing site project process, will be clarified. By specifying "those who cooperated with compensation surveys and relocation" as a condition for negotiated transferors eligible for incentives, the precondition for landowners to receive benefits becomes more certain, and requests for cooperation by public dwellings project operators are expected to proceed more smoothly, accelerating the overall project pace.
To expedite public housing site projects, the scope of projects eligible for the system that allows integrated approval of district designation and district planning will be expanded from 1,000,000㎡ to 3,300,000㎡ or less. In the representative district applying the integrated system, the Uijeongbu Yonghyeon public dwellings district (7,000 households), approval of the district plan is expected to be shortened by about six months compared with other districts.
In addition, for public housing sites currently 300,000㎡ or larger, once the ratio of public dwellings to be allocated within the site is decided, adjustments have been allowed only within a 5% range when needed, but this cap on adjustment will be removed. Accordingly, depending on demand and conditions of public housing site projects—such as conversion volumes executed directly by LH—the volume of public dwellings can be adjusted flexibly.
Also, under this enforcement decree revision, the number of urban planning experts on the Public Housing Integrated Review Committee, which reviews and deliberates public housing site district plans, will be increased from five to seven. Experts in architecture (3→2) and railways (2→1) will be reduced.
Kim Young-guk, head of the dwellings supply headquarters at the Ministry of Land, Infrastructure and Transport (MOLIT), said, "To strengthen execution of the released supply plans from urban cores to housing sites, we are pursuing tailored institutional improvements by project," adding, "Through this enforcement decree revision, the business feasibility of the urban public dwellings complex project, a key urban supply tool, is expected to improve significantly."
Kim, the Deputy Minister, added, "While supplementing integrated systems for district designation and planning to help accelerate public housing site projects, we will also make rules on adjusting public dwellings volumes more flexible to lead to a nimble dwellings supply plan," noting, "We will focus on improving various procedures for supply with an emphasis on the goal of 'dwellings supply.'"