Real Estate

China: urban land management in an emerging market economy - download pdf or read online

By World Bank

ISBN-10: 0821323954

ISBN-13: 9780821323953

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Additional info for China: urban land management in an emerging market economy

Example text

Outcomes, not ownership composition, should be what matter. Page xxii Sooner or later, Government must also face up to the inherent inequity involved in the treatment of the increasing number of temporary residents. On an experimental basis, temporary residents who have lived in a city or town for more than a certain period of time should be granted the rights to purchase or develop real estate. The barriers imposed on such residents to buy or lease property are counterproductive and should be reversed, even if Government wishes to maintain strict controls over population movement in general.

Given the overwhelming fear of unaffordable reforms, it seems sensible to set aside strategies that promote revenue generation rather than accommodating user demand for serviced urban land. The issue of real estate development company exactions, for the purposes of promoting infrastructure development, is more complicated to resolve. These companies, given managerial autonomy during the last half-decade, often control land resources for which no lease price was paid; occasionally, the requisition cost required to free up the land was also shouldered by the government.

Any maps that accompany the text have been prepared solely for the convenience of readers; the designations and presentation of material in them do not imply the expression of any opinion whatsoever on the part of the World Bank, its affiliates, or its Board or member countries concerning the legal status of any country, territory, city, or area or of the authorities thereof or concerning the delimitation of its boundaries or its national affiliation. The material in this publication is copyrighted.

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China: urban land management in an emerging market economy by World Bank

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