Sunday, May 20, 2012
Earthquake retrofit regulation to accelerate renovation
Under the amendment, it will be possible to add up to 2.5 floors to existing buildings retrofitted to withstand earthquakes, and obtain building rights to another lot in exchange for the retrofit. The amendment originally allowed the addition of 2.5 floors to buildings in poor areas only, and 1.5 floors in wealthy neighborhoods. But following the recommendation of the investigator who heard the objections to the amendment, the government decided to apply the new rules uniformly nationwide.
The Ministry of Interior says that the amendment will further encourage the renovation of old buildings.