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

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  • 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
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    References listed on IDEAS

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    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.
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    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.
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    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).

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