PLANNING BY CONTRACT: THE LEASEHOLD FOUNDATION OF A COMPREHENSIVELY PLANNED CAPITALIST LAND MARKET
"Hong Kong has used a system of planning by consent that predates planning by edict. By selling long leases on a contractual basis, the government has an incentive to provide the contractual terms, obligations and rights to the leaseholder that maximise the value of the land. This system has been effective in generating fiscal revenue and producing good planning outcomes in a resource-poor economy." Copyright (c) Institute of Economic Affairs 2005. Published by Blackwell Publishing, Oxford.
Year of publication: |
2005
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Authors: | Lai, Lawrence Wai-Chung |
Published in: |
Economic Affairs. - Wiley Blackwell. - Vol. 25.2005, 4, p. 16-18
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Publisher: |
Wiley Blackwell |
Saved in:
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