Politics · South Korea · 19 hrs ago

Nowon plans limits on property changes at 13 rebuilding sites

Nowon plans limits on property changes at 13 rebuilding sites

Nowon District in Seoul plans restrictions at 13 rebuilding sites before they are formally designated as redevelopment zones.

The move targets “shop splitting,” when commercial units or land are divided, increasing the number of separate owners.

More owners can make it harder to meet the legal support threshold needed to form a rebuilding association.

At one apartment complex, three unit divisions over the past three years added 33 commercial units.

The proposed restrictions cover building work, land division, and certain changes to property records or unit ownership.

Residents can comment from October 15 to 29, after which the district plans a planning committee review and to publish a notice next month.

Restrictions could last up to three years, with one extension of up to a year; they would end the day after a redevelopment zone is designated.

Exceptions may be allowed after review when there is a valid need.

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What people are saying

Seo Jun-ohNowon District mayor
We are continuously reviewing various support measures so that reconstruction projects can proceed swiftly without unnecessary conflict or delay.
via Newsis
We will continue to gather residents’ opinions fully and pursue reconstruction projects steadily while considering the balance between public interest and the protection of property rights.
via Segye Ilbo