Jeju City Plans to Lift 99% of Height Restrictions: How High Can Commercial Developments Go?

Jeju City is considering easing height restrictions in urban areas, sparking both excitement and concern over the potential for 40-story buildings in commercial zones. However, lifting height restrictions and the actual allowable height for individual plots are not the same, and the feasibility of such developments depends on various factors like floor area ratio and road conditions. The city plans to revise its height restriction zones by 2026, targeting over 99% of the existing restricted areas. Even if height restrictions are relaxed, it won't necessarily lead to an increase in land prices, as the viability of projects must consider multiple factors. Therefore, when assessing the potential for commercial development, it's crucial to evaluate not just the height but also the floor area ratio and other regulatory conditions.