Spatial and Dynamic Features of Land Value Capture: A Case Study from Bogotá, Colombia

2017 ◽  
Vol 47 (3) ◽  
pp. 603-622
Author(s):  
Néstor Garza
Keyword(s):  
Temporal Structure ◽  
Master Plan ◽  
Land Value ◽  
Dynamic Features ◽  
Value Capture ◽  
Land Prices ◽  
Policy Application ◽  
The Relationship ◽  
Rare Opportunity

This article assesses the neutrality of Captura de Plusvalía, a land value capture policy implemented in Bogotá (Colombia) in 2004. The case offers a rare opportunity for assessment because the policy application had a scattered spatial and temporal structure but on an urban agglomeration ruled by a single master plan and revenue collecting authority. The analysis reveals that (a) the relationship between value capture and prices is negative (static neutrality); (b) this result holds under various spatial specifications and controls; (c) the policy is not endogenous to the built output or the spatial distribution of the land prices; and (d) there is no evidence of preemption, a theoretical feature where landowners consider that the policy onset represents a regulatory taking, compelling them to accelerate developing timing (dynamic neutrality).

Knowledge and Innovation Management

2019 ◽  
pp. 19-44
Author(s):  
Marianne Gloet ◽  
Danny Samson
Keyword(s):  
Innovation Management ◽  
Service Organizations ◽  
Innovation Capability ◽  
Review Of The Literature ◽  
Value Capture ◽  
Analysis Methodology ◽  
Successful Innovation ◽  
The Relationship ◽  
Depth Interviews

This qualitative research examined the relationship between knowledge management (KM) and systematic innovation capability in 16 Australian manufacturing and service organizations that exhibited both successful innovation and robust KM practices. A review of the literature indicated a number of areas where KM enhances and supports innovation capability. Using a multiple crosscase analysis methodology and applying a framework of systematic innovation capability, in-depth interviews were conducted with managers of the case study organizations. The analysis of the data revealed the main contributions of KM to systematic and sustained forms of innovation. Finally, a model of knowledge and innovation capability was developed to guide the development of knowledge and innovation management as a dynamic capability to support value capture, value creation, and value delivery from innovation.

A financing mode of Urban Rail transit based on land value capture: A case study in Wuhan City

2017 ◽  
Vol 57 ◽  
pp. 59-67 ◽  
Author(s):  
Jun Sun ◽  
Tian Chen ◽  
Zuchen Cheng ◽  
Cynthia C. Wang ◽  
Xin Ning
Keyword(s):  
Urban Rail Transit ◽  
Rail Transit ◽  
Land Value ◽  
Wuhan City ◽  
Value Capture ◽  
Financing Mode ◽  
Urban Rail

scholarly journals Affordable Housing Provision in Informal Settlements through Land Value Capture and Inclusionary Housing

2020 ◽  
Vol 12 (15) ◽  
pp. 5975 ◽  
Author(s):  
Bernard Nzau ◽  
Claudia Trillo
Keyword(s):  
Developing Countries ◽  
Real Estate ◽  
Affordable Housing ◽  
Social Inclusion ◽  
Real Estate Market ◽  
Master Plan ◽  
Land Value ◽  
Value Capture ◽  
Inclusionary Housing ◽  
Housing Needs

Public-driven attempts to provide decent housing to slum residents in developing countries have either failed or achieved minimal output when compared to the growing slum population. This has been attributed mainly to shortage of public funds. However, some urban areas in these countries exhibit vibrant real estate markets that may hold the potential to bear the costs of regenerating slums. This paper sheds light on an innovative hypothesis to achieve slum regeneration by harnessing the real estate market. The study seeks to answer the question “How can urban public policy facilitate slum regeneration, increase affordable housing, and enhance social inclusion in cities of developing countries?” The study approaches slum regeneration from an integrated land economics and spatial planning perspective and demonstrates that slum regeneration can successfully be managed by applying land value capture (LVC) and inclusionary housing (IH) instruments. The research methodology adopted is based on a hypothetical master plan and related housing policy and strategy, aimed at addressing housing needs in Kibera, the largest slum in Nairobi, Kenya. This simulated master plan is complemented with economic and residual land value analyses that demonstrate that by availing land to private developers for inclusionary housing development, it is possible to meet slum residents’ housing needs by including at least 27.9% affordable housing in new developments, entirely borne by the private sector. Findings suggest that under a robust public-led governance umbrella, market forces can (1) significantly contribute to fill the financial gap in order to achieve the end of slums by 2050 in coherence with the United Nations Agenda 2030 targets and principles, and (2) increase both affordable and market housing in upgraded neighbourhoods, hence enhancing social inclusion in cities of developing countries.

Land Price Modelling with Radial Basis Function (Case Study: Utan Kayu Selatan Village, East Jakarta)

2021 ◽  
Vol 5 (1) ◽  
pp. 473-479
Author(s):  
Sawitri Subiyanto ◽  
Hana Sugiastu Firdaus ◽  
Nahar Dito Utama Giardi
Keyword(s):  
Radial Basis Function ◽  
Basis Function ◽  
Property Market ◽  
Market Prices ◽  
Land Prices ◽  
Public Facilities ◽  
Radial Basis ◽  
The Stability ◽  
The Relationship

The price of land is an important matter that needs to be assessed by stakeholders. The study of land prices has an important role in seeing the stability of the property market. Several factors affect the property business such as accessibility, public facilities and social facilities. Utan Kayu Selatan is the largest village in Matraman Sub-District with an area of ​​1,12 kilometers. The potential of the property business is very tempting for investors to property developers. One of the economic sector developments is Utan Kayu Raya Road, which can increase land prices in the surrounding area. The factors that influence land prices can be analyzed through several approaches such as regression, mass appraisal and other. In this study, the method used in estimating land prices is the Radial Basis Function (RBF), by looking at the relationship between the distance of plot to roads, public facilities and social facilities. Modeling is carried out based on samples determined on ZNT and NJOP land prices. Furthermore, the calculation of the distance is done by using network analysis. As a result, the RMSE value for the NJOP RBF model and the ZNT RBF model is IDR 1.179.839 and IDR 2.972.345. Meanwhile, the CoV values ​​for both models were 6.2% and 6%. In the comparison of ZNT price predictions with market prices, the highest difference is IDR 13.119.915 and the lowest difference is IDR 537.009. While on the NJOP price prediction, the highest difference is IDR 15.797.583 and the lowest difference is IDR 291.270.

scholarly journals Can land value capture make PPP's competitive in fares? A Mumbai case study

2018 ◽  
Vol 64 ◽  
pp. 123-131 ◽  
Author(s):  
Rohit Sharma ◽  
Peter Newman
Keyword(s):  
Land Value ◽  
Value Capture

scholarly journals Can land value uplift deliver affordable housing? Experiences from England

2018 ◽  
Vol 11 (1) ◽  
pp. 87-101 ◽  
Author(s):  
Peter Wyatt
Keyword(s):  
Affordable Housing ◽  
Empirical Work ◽  
Political Agenda ◽  
Land Value ◽  
Local Planning ◽  
Value Capture ◽  
Content Type ◽  
Decision Tools ◽  
The One

Purpose The theoretical case for land value capture is well-known, but the effectiveness of affordable housing delivery as a capture mechanism is not so well-documented. Building on the earlier theoretical and empirical work of Whitehead (1991, 2007) and Crook and Whitehead (2002), the purpose of this paper is to consider the provision of affordable housing from a land value capture viewpoint, focusing on the process by which the amount of affordable housing is determined between landowners/developers on the one hand and local planning authorities on the other. Design/methodology/approach The paper adopts a mixed-mode approach for the data collection. Two surveys of local planning authorities were undertaken, together with a series of case study interviews. Findings The paper evaluates whether land value capture has been an effective mechanism for delivering affordable housing by focusing on three principal areas: first, the political agenda in relation to land value capture and the supply of affordable housing; second, the nature and motivation of the stakeholders involved in affordable housing decision-making; and third, the use of economic models as decision tools for determining the amount and type of affordable housing are negotiated. Originality/value The research provides some insight into the effectiveness of local authority affordable housing targets as a means of capturing the uplift in land value that results from the grant of planning permission.

SPATIAL PATTERNS OF ECONOMIC RENTS: DEVELOPING SUVARNABHUMI INTERNATIONAL AIRPORT, THAILAND

2016 ◽  
Vol 11 (03) ◽  
pp. 1650014
Author(s):  
CHAKARIN BEJRANANDA ◽  
YUK LEE ◽  
THANCHANOK BEJRANANDA
Keyword(s):  
Land Use ◽  
Air Transportation ◽  
Land Values ◽  
Urban Structure ◽  
Land Value ◽  
Land Uses ◽  
International Airport ◽  
The Relationship

With the rise of the importance of air transportation in the 21st century, the role of economics in airport planning and decision-making has become crucial to the urban structure and land values. This paper examines the relationship between an airport and its impact on the distribution of urban land uses and land values by applying the Alonso’s bid-rent model. Using Suvarnabhumi International Airport as a case study, the analysis was made over three different time periods of airport development. The statistical results confirm that: (i) Alonso’s model can be used to explain the impacts of the airport only for the northeast quadrant of the airport; (ii) proximity to the airport shows an inverse relationship with the land value of all six types of land use activities through three periods of time; and (iii) the land value for commercial land use is the most sensitive to the location of the airport compared to other types of land use activities.

scholarly journals Accessibility, Infrastructure Provision and Residential Land Value: Modelling the Relation Using Geographic Weighted Regression in the City of Rajkot, India

2020 ◽  
Vol 12 (20) ◽  
pp. 8615
Author(s):  
Talat Munshi
Keyword(s):  
Urban Areas ◽  
Weighted Regression ◽  
Land Value ◽  
Price Variation ◽  
Substantial Impact ◽  
Infrastructure Provision ◽  
Geographic Weighted Regression ◽  
The Cost ◽  
The Relationship

Amenities and infrastructure provision in urban areas are essential for the sustainable future of cities in developing countries like India. Indian cities have large development deficits and find it challenging to bridge the gap using traditional methods. Provision of these facilities costs money, which is often not available. However, access to amenities and infrastructure adds to land premium, which, if captured, can be used to finance the provision of these facilities. In India, very little information is available on the value of accessibility and infrastructure provision, and thus, these indirect benefits are primarily ignored by urban planners. This study fills the gap by identifying these benefits using Rajkot city in India as a case study. A geographic weighted regression model is used to model the relationship. It is found that land price variation is explained to a good extent using the model. Estimates show that infrastructure and amenities have a substantial impact on land value, much higher than the cost required to provide these.

Betterment: a taxing problem

2018 ◽  
Vol 36 (2) ◽  
pp. 217-226 ◽  
Author(s):  
Richard Grover
Keyword(s):  
Property Values ◽  
Property Taxes ◽  
Land Value ◽  
Value Capture ◽  
Content Type ◽  
Alternative Approach ◽  
Effective Instrument ◽  
The Uk ◽  
Practical Implications

Purpose The purpose of this paper is to review the issues involved in land value taxation and betterment and the issues involved in apportioning value between land and improvements. Design/methodology/approach The theoretical and valuation issues in betterment are reviewed and a case study of a betterment tax introduced in the UK is used to illustrate the practical problems in implementation. Findings The idea of land value taxation depends upon being able to apportion property values between land and improvements. This raises both theoretical and practical problems that are difficult to overcome. Practical implications The apportionment property values between land and improvements produces results that cannot be verified by market evidence, suggesting that an alternative approach be adopted through value-based recurrent property taxes revalued at frequent intervals. Originality/value Much of the literature has concentrated on the theoretical advantages of land value taxation rather than examining the practical problems of implementation. These suggest a different approach with less emphasis on betterment taxes and more on how recurrent property taxes can be an effective instrument for value capture.

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