Three dimensional property rights and reassembly: Cases of Sydney and Helinski
- International Federation of Surveyors
- Publication Type:
- Conference Proceeding
- Prceedings: FIG Working Week Rome 2012, 2012, pp. 1 - 14
- Issue Date:
This paper looks at the current structure of ownership of 3D property rights and the need for reassembly of property in the cities of Sydney and Helsinki. This comparison is made in context of the competing needs of existing and future inhabitants of these cities, existing property rights and the need for a mechanism in achieving urban renewal. The emerging needs of expanding populations over the past half century in these cities has brought to the fore the necessity for policy, economic reforms and structured processes in the reassembly of three dimensional interests in land, also known as condominium. This paper reviews the existing barriers and identifies potential factors for the resolution of the reassembly of three dimensional interests in land. It examines the structure of the titles to 3D property and the factors which have inhibited the reassembly process and impacted on the potential for urban renewal in Sydney and Helsinki. A review of international practices and examples for the reassembly process are used to provide potential solutions to the problems encountered. This provides a basis for further research into the development of solutions which address the specific needs of both the parties and the process for the reconsolidation of 3D property rights in these two cities.
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