In this lecture I discuss the effectiveness of innovative, but informal value capture mechanisms recently introduced in some Chinese cities (and based on Hong Kong’s rail + property model). Based on stakeholder interviews, two focus group discussions and a game simulation, I describe the informality (and related problems) in land development policies and negotiations with respect to developer contributions in Chinese cities and suggest some possible ways to develop more transparent and more effective value capture mechanisms.
This work is the result of a fellowship funded by the Lincoln Institute of Land Policy.
About the Speaker:
Prof. Erwin van der Krabben studied Town and Country Planning at Radboud University (MA 1990) and holds a PhD in Economics (Tilburg University, 1995). In 1996 he cofounded the Dutch real estate consultancy firm Stec Groep. From 1999 until 2004 he worked with two other Dutch real estate consultancy firms. In 2005 he became a full-time academic affiliated with Radboud University, Department of Urban Planning where he was appointed as Professor of Urban Planning and Property Development in 2010. From 2011 to 2018 he also held a (part-time) position as a Professor of Real Estate at the University of Ulster (Belfast, Northern Ireland). Currently he is a visiting professor to Hong Kong University, Department of Urban Planning and Design and Department of Real Estate and Construction. His research focuses on urban planning and its relations with land and real estate markets, land policy and value capturing and he is and has been involved in international research projects both in Europe, Asia and the U.S. He published extensively in international urban planning and real estate journals, regularly advises local, regional and national governments, and has given key notes at many international conferences.
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