Land readjustment as a method of development land assembly: A comparative overview

Homeowner Involvement, Land Readjustment, and Sustainable Urban Regeneration in Hong Kong

“…Given that more pluralistic and democratic decision making for redevelopment is called for by the community, the LR technique can facilitate the building up of a partnership between various stakeholders in a redevelopment project and allow the homeowners to have a stake and say in the project. However, whether LR can aid urban redevelopment in Hong Kong depends on homeowners' acceptance which has been considered one of the prerequisites for the successful implementation of LR (Home, 2007). As implied by the research findings, the concept of LR was well-received by the surveyed homeowners in Hong Kong, but government support is very important for its application in redevelopment.…”

“…With the enabling legal framework, the government can check and monitor LR projects. All these exercises can enhance the clarity, certainty, and credibility of the system, boosting the confidence of the interested redevelopers and the general public in the LR mechanism (Home, 2007).…”

“…In Hong Kong, there were 705 registered general practice surveyors who were competent in property valuation in 2009 (Surveyors Registration Board, 2010). However, there must be a set of standard rules and a transparent mechanism for valuing properties fairly for LR projects (Home, 2007). For dispute avoidance, the valuation rules and procedures should be applied to all LR projects consistently so that the value at which each property is taken into the pool is not negotiable (Hong, 2007).…”

Land wealth generation and distribution in the process of land expropriation and development in Beijing, China

“…In reality, land appreciation is usually shared by the land owners and the state; the actual distribution may depend on tradition, ideology and social thought, political power of different groups, policy and institution, socioeconomic development and other factors. Therefore, many countries have experienced recurring adjustments to the regulations, taxing all or a part of the land appreciation, such as the enforcement and abolishment of the Town and Country Planning Act of 1947 in the United Kingdom and the Housing Act of 1965 in the United States (Home, 2007;Schmid, 1968).…”

Land ownership in the United Kingdom: Trends, preferences and future challenges

“…With land owners unwilling to release a parcel of land at a particular time, public sector agencies may resort to compulsory purchase to achieve adequate land supply. The costs can be reduced by alternative models for land assembly, such as land readjustment on continental European models (Home, 2007;LREW, 2003).…”