The purpose of this study is to suggest 'Long-term Land Leasing Business Model of State-Owned Lands' for efficient State Land use. The results of application condition analysis show that inefficient land use and deterioration of Administrative Propert...
The purpose of this study is to suggest 'Long-term Land Leasing Business Model of State-Owned Lands' for efficient State Land use. The results of application condition analysis show that inefficient land use and deterioration of Administrative Property. Feasibility study of low use Tax Office to introduce 'Long-term Land Leasing System' shows that the more business period, the more business value improvement. Under the present land use condition, B/C becomes plus in 38 years. Whereas in case of upzoning B/C becomes plus also 30-year business period. To attract private capital it is necessary to provide incentive such as upzoning and reduction of land leasing fee. Above all, it is necessary to make direct private participation environment through relaxation of Administrative Property use regulations.