Effects of land incremental value allocation on rural operational construction land (ROCL) under market mechanism: case study in China

Xiao Xia Liu, D; Ge, X

Effects of land incremental value allocation on rural operational construction land (ROCL) under market mechanism: case study in China

Xiao Xia Liu, D Ge, X

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Publisher:: University of Auckland,
Publication Type:: Conference Proceeding
Citation:: Proceedings of Pacific Riam Real Estate Society Conference, 2018
Issue Date:: 2018-01

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Field	Value	Language
dc.contributor.author	Xiao Xia Liu, D	en_US
dc.contributor.author	Ge, X https://orcid.org/0000-0002-2252-7829	en_US
dc.date	2018-01-21	en_US
dc.date.available	2017-09-19	en_US
dc.date.issued	2018-01	en_US
dc.identifier.citation	Proceedings of Pacific Riam Real Estate Society Conference, 2018	en_US
dc.identifier.uri	http://hdl.handle.net/10453/120683
dc.description.abstract	The use of the market mechanism to convert the rural operational construction land (ROCL) into urban construction land without ownership changes is currently being introduced into reform pilot projects in China, changing the only form of governmental expropriation in the past. The new system allows rural collective economic organizations and members of the rural collective economy to directly participate in the allocation of land incremental value increases due to changes in land use. This replaces the previous way of allocating only the original use compensation from the government. This paper investigates the collectively owned new system, to establish the positive effects and shortcoming of the new model. Three cases are applied for the analysis using inductive-deductive reasoning methodology based on the property right and landrent theories. We have found that local government land adjustment charges on the transactions of rural construction land are suggested to be from 16 to 20 percent. The share ownership quantification model (SOQM) of land incremental value allocation between the collective economic organizations and members is effective and beneficial to the development of the rural collective economy and its members.	en_US
dc.publisher	University of Auckland,	en_US
dc.relation.ispartof	Proceedings of Pacific Riam Real Estate Society Conference	en_US
dc.relation.ispartof	Pacific Rim Real Estate Society 24th Annual Conference	en_US
dc.title	Effects of land incremental value allocation on rural operational construction land (ROCL) under market mechanism: case study in China	en_US
dc.type	Conference Proceeding
utslib.location	University of Auckland	en_US
utslib.location.activity	Auckland New Zealand	en_US
utslib.for	1202 Building	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2018-01-24	en_US
pubs.place-of-publication	University of Auckland	en_US
pubs.publication-status	Accepted	en_US
pubs.start-date	2018-01-21	en_US

Abstract:

The use of the market mechanism to convert the rural operational construction land (ROCL) into urban construction land without ownership changes is currently being introduced into reform pilot projects in China, changing the only form of governmental expropriation in the past. The new system allows rural collective economic organizations and members of the rural collective economy to directly participate in the allocation of land incremental value increases due to changes in land use. This replaces the previous way of allocating only the original use compensation from the government. This paper investigates the collectively owned new system, to establish the positive effects and shortcoming of the new model. Three cases are applied for the analysis using inductive-deductive reasoning methodology based on the property right and landrent theories. We have found that local government land adjustment charges on the transactions of rural construction land are suggested to be from 16 to 20 percent. The share ownership quantification model (SOQM) of land incremental value allocation between the collective economic organizations and members is effective and beneficial to the development of the rural collective economy and its members.

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http://hdl.handle.net/10453/120683