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Policy Proposals for Efficient Management of the Government Property:with a Focus on Land Use Intensity and Transaction Prices

  • Korea Real Estate Review
  • 2014, 24(3), pp.49-62
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

이준용 1 Son, Jae-young 2

1(주) 한국감정원 연구개발실
2건국대학교

Accredited

ABSTRACT

Considering the importance of good management of government property, it is surprising that there have not been many studies regarding this issue. It is partly because related data have not been widely available. We use the government property data base to identify two important issues which require policy improvements. One is related to efficient use of government-owned land, and the other is about the price of land at which the government buys and sells. Our study shows that land use intensity is very low even for those the government owns in the large cities where the demand is supposed to be strong. We also find that the government tends to sell land at lower price than the assessment while buys land at the higher price. Based on the analyses, we propose that, firstly, adjacent land parcels should be combined for government uses to improve land use efficiency. Large site would more easily accommodate integrated mixed-use development. Secondly, the government should establish guidelines and performance standards to ensure that the government land is bought and sold at fair prices.

Citation status

* References for papers published after 2023 are currently being built.