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Paper eres2011_271:
Can Policy Stimulants Increase Housing Supply in Run-down Areas

id eres2011_271
authors Lin, Tzuchin; Chen, Kwohwa
year 2011
title Can Policy Stimulants Increase Housing Supply in Run-down Areas
source 18th Annual European Real Estate Society Conference in Eindhoven, the Netherlands
summary Fragmentation of ownership in land, among others, has hindered the redevelopment of inner city of Taipei. It is believed that the sluggish land redevelopment is partly responsible for a high housing price and also continuing deterioration of old neighborhoods. In response to those problems, Taipei city government has over the years granted developers additional floor spaces to incentivize a faster redevelopment and more housing supply in designated areas where neighborhood deterioration is severe. We incorporate several sets of data so as to answer the question that if this policy works. The building activities such as project number and size between designated areas and others, before and after the major legislations are compared. We attempt to understand, through this kind of comparison, whether the provision of additional floor spaces, as a policy stimulant, have effectively amalgamated land parcels and consequently increased housing supply in those designated run-down areas.
keywords urban regeneration, housing supply, neighborhood deterioration
series ERES:conference
content file.ppt (3,055,616 bytes)
discussion No discussions. Post discussion ...
session D7: Housing Policies & Urban Renewal
last changed 2011/06/23 16:27
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