IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v82y2019icp832-840.html
   My bibliography  Save this article

Where does floating TDR land? An analysis of location attributes in real estate development in Taiwan

Author

Listed:
  • Shih, Mi
  • Chiang, Ying-Hui
  • Chang, Hsiutzu Betty

Abstract

This article examines how the attributes of an urban location contribute to private property developers’ use of transfer of development rights (TDR) in Taiwan. We use “floating TDR” to describe a deliberate design feature of the Taiwanese program—the lack of legal requirement for planning designation of the receiving areas. The result is that planners have little control over where TDR takes place in the city even though TDR density bonus has been widely used in real estate development. A logistic regression model finds that TDR projects gravitate toward locations of certain attributes: growing neighborhoods, neighborhoods with higher household income, parcels with a slower increase in land price, and locations at a further distance from public facilities such as urban parks and mass transit stations. Real estate projects of a greater development volume and a smaller site area are also more likely to use TDR density bonus. This article concludes by reaffirming the important role of planning in the design and use of TDR as a market-enabling tool.

Suggested Citation

  • Shih, Mi & Chiang, Ying-Hui & Chang, Hsiutzu Betty, 2019. "Where does floating TDR land? An analysis of location attributes in real estate development in Taiwan," Land Use Policy, Elsevier, vol. 82(C), pages 832-840.
    • Handle: RePEc:eee:lauspo:v:82:y:2019:i:c:p:832-840
    DOI: 10.1016/j.landusepol.2018.12.029
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837718311189
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.landusepol.2018.12.029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Evangeline R. Linkous & Timothy S. Chapin, 2014. "TDR Program Performance in Florida," Journal of the American Planning Association, Taylor & Francis Journals, vol. 80(3), pages 253-267, July.
    2. Patricia Machemer & Michael Kaplowitz, 2002. "A Framework for Evaluating Transferable Development Rights Programmes," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 45(6), pages 773-795.
    3. Jane Miller & Yana van der Meulen Rodgers, 2008. "Economic importance and statistical significance: Guidelines for communicating empirical research," Feminist Economics, Taylor & Francis Journals, vol. 14(2), pages 117-149.
    4. Mi Shih & Hsiu-tzu Betty Chang & Frank J. Popper, 2018. "Development Rights: Regulating Vertical Urbanism in Taiwan," Planning Theory & Practice, Taylor & Francis Journals, vol. 19(5), pages 717-733, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ching-Hsue Cheng & Ming-Chi Tsai, 2022. "An Intelligent Homogeneous Model Based on an Enhanced Weighted Kernel Self-Organizing Map for Forecasting House Prices," Land, MDPI, vol. 11(8), pages 1-17, July.
    2. Xiao Han & Anlu Zhang & Yinying Cai, 2020. "Spatio-Econometric Analysis of Urban Land Use Efficiency in China from the Perspective of Natural Resources Input and Undesirable Outputs: A Case Study of 287 Cities in China," IJERPH, MDPI, vol. 17(19), pages 1-21, October.
    3. Niron, Semin & Turk, Sevkiye Sence, 2023. "Using transfer of development rights (TDR) in a legally ambiguous context: Istanbul case," Land Use Policy, Elsevier, vol. 135(C).
    4. Liu, Runqiu & Jiang, Jian & Yu, Chao & Rodenbiker, Jesse & Jiang, Yongmu, 2021. "The endowment effect accompanying villagers' withdrawal from rural homesteads: Field evidence from Chengdu, China," Land Use Policy, Elsevier, vol. 101(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruno, Erica & Falco, Enzo & Shahab, Sina & Geneletti, Davide, 2023. "Integrating ecosystem services in transfer of development rights: a literature review," Land Use Policy, Elsevier, vol. 131(C).
    2. Niron, Semin & Turk, Sevkiye Sence, 2023. "Using transfer of development rights (TDR) in a legally ambiguous context: Istanbul case," Land Use Policy, Elsevier, vol. 135(C).
    3. Yidi Wang & Ying Fan & Zan Yang, 2022. "Challenges, Experience, and Prospects of Urban Renewal in High-Density Cities: A Review for Hong Kong," Land, MDPI, vol. 11(12), pages 1-20, December.
    4. Wang, Bo & Li, Fan & Feng, Shuyi & Shen, Tong, 2020. "Transfer of development rights, farmland preservation, and economic growth: a case study of Chongqing’s land quotas trading program," Land Use Policy, Elsevier, vol. 95(C).
    5. Somayeh Ahani & Hashem Dadashpoor, 2021. "Urban growth containment policies for the guidance and control of peri-urbanization: a review and proposed framework," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(10), pages 14215-14244, October.
    6. Choudhury, Sanchari, 2023. "Non-random selection into entrepreneurship in the realm of government decentralization and corruption," European Journal of Political Economy, Elsevier, vol. 78(C).
    7. Voxi Heinrich Amavilah & Antonio Rodríguez Andrés, 2024. "Knowledge Economy and the Economic Performance of African Countries: A Seemingly Unrelated and Recursive Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 110-143, March.
    8. Holst, Elke & Schäfer, Andrea & Schrooten, Mechthild, 2011. "Remittances and Gender: Theoretical Considerations and Empirical Evidence," IZA Discussion Papers 5472, Institute of Labor Economics (IZA).
    9. Till Proeger & Lukas Meub & Kilian Bizer, 2018. "Laboratory Experiments of Tradable Development Rights: A Synthesis of Different Treatments," Sustainability, MDPI, vol. 10(6), pages 1-19, June.
    10. Lei Zheng & Xuemeng Guo & Libin Zhao, 2021. "How Does Transportation Infrastructure Improve Corporate Social Responsibility? Evidence from High-Speed Railway Openings in China," Sustainability, MDPI, vol. 13(11), pages 1-23, June.
    11. Tzu-Ling Chen & Hao-Wei Chiu & Yu-Fang Lin, 2020. "How do East and Southeast Asian Cities Differ from Western Cities? A Systematic Review of the Urban Form Characteristics," Sustainability, MDPI, vol. 12(6), pages 1-19, March.
    12. J. Peter Clinch & Eoin O'Neill, 2010. "Assessing the Relative Merits of Development Charges and Transferable Development Rights in an Uncertain World," Urban Studies, Urban Studies Journal Limited, vol. 47(4), pages 891-911, April.
    13. Cheng, Long, 2021. "China’s rural transformation under the Link Policy: A case study from Ezhou," Land Use Policy, Elsevier, vol. 103(C).
    14. Shahab, Sina & Clinch, J. Peter & O'Neill, Eoin, 2019. "An Analysis of the Factors Influencing Transaction Costs in Transferable Development Rights Programmes," Ecological Economics, Elsevier, vol. 156(C), pages 409-419.
    15. Chau, Nancy H. & Qin, Yu & Zhang, Weiwen, 2016. "Leader Networks and Transaction Costs: A Chinese Experiment in Interjurisdictional Contracting," IZA Discussion Papers 9641, Institute of Labor Economics (IZA).
    16. Simplice A. Asongu & Voxi H. S. Amavilah & Antonio R. Andres, 2019. "Business Dynamics, Knowledge Economy, and the Economic Performance of African Countries," Research Africa Network Working Papers 19/004, Research Africa Network (RAN).
    17. Wang, Han & Lu, Siying & Lu, Bo & Nie, Xin, 2021. "Overt and covert: The relationship between the transfer of land development rights and carbon emissions," Land Use Policy, Elsevier, vol. 108(C).
    18. Nelson, Julie A., 2012. "Are Women Really More Risk-Averse than Men?," Working Papers 179104, Tufts University, Global Development and Environment Institute.
    19. Athena Engman, 2013. "Is there life after P>0.05? Statistical significance and quantitative sociology," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(1), pages 257-270, January.
    20. Boisvert, Valérie, 2015. "Conservation banking mechanisms and the economization of nature: An institutional analysis," Ecosystem Services, Elsevier, vol. 15(C), pages 134-142.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:82:y:2019:i:c:p:832-840. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.