| Summary: | 碩士 === 崑山科技大學 === 房地產開發與管理研究所 === 105 === The study is based on two cases which two construction company adopted Transfer of Development Right at Kaohsiung. Because The Regulation of the Transfer of Development Right for Urban Planning of Kaohsiung has revised in recent years, which allows a construction company can acquire development right by paying fees. The study found that the cost of paying fees would be higher than the cost of buying the Land Reserved for Public Facilities. the former will increase the cost of the company. The study also found out that the way of adopting the Transfer of Development Right will delay the time chart of development by 1-2 years which will make the company to face the uncertainty of change in real estate economy and it is worse than the cost. In this case, the construction company will consider whether the profit rate of Return on Owned Funds exceeds 6% annually to adopt the Transfer of Development Right or not. Generally speaking, Real estate boom or not is one of a key factor to affect a company to apply the Transfer of Development Right. As to take the Transfer of Development Right will increase the cost of programming which differ from cases. To a construction company, under a stable real estate economy, the Transfer of Development Right is one of a weaponry to reduce floor unit development cost of unit building
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