Improvement of the Mechanism of Land Development by Government –Analysis of the Taipei Port District Development

• Main Authors: Pao-Chu Sun, 孫寶鉅
• Other Authors: Thomas C. P. Peng
• Format: Others
• Language: zh-TW
• Published: 2004
• Online Access: http://ndltd.ncl.edu.tw/handle/64753047455932697151

碩士 === 國立臺灣大學 === 政治學研究所 === 92 === The integrated land development has been the most effective way in Taipei to develop the city land or large scale and to obtain the land for public services without cost. It is also quite accepted by the government, land user, and land owner. Urban Land Consolidation and Zone Expropriation are the two methods mostly employed by the government for the integrated land development. Urban Land Consolidation and Zone Expropriation have many advantages. However, because of the malfunction of government and the depression of the real estate market since 1992, these two methods could not reach the goal of minimizing the government expense and even resulted in very heavy financial harden on the government. The study has proposed several strategies, including Pre-Sale of Cost Equivalent Land, Simple Urban Land Consolidation, Bt Model (The Introduction of Private Participation), Real Estate Securitization, and Private Management Urban Land Consolidation, to solve the financial problem encountered in the integrated land development. Among these strategies, the B-T model has been found to be the most effective one because it is more beneficial to the developer and the financial risk for the government is the lowest. The case of Taipei Port District Development has been used as an example to evaluate the benefit, the feasibility and incentive, and the possible problems arising for the employment of the B-T model.