Land Development and Investment

A special issue of Land (ISSN 2073-445X). This special issue belongs to the section "Land Planning and Landscape Architecture".

Deadline for manuscript submissions: 15 February 2025 | Viewed by 4650

Special Issue Editors


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Guest Editor
Ronald Coase Centre for Property Rights Research, Department of Real Estate and Construction, The University of Hong Kong, Pokfulam, Hong Kong
Interests: property rights; sustainable development; real estate finance; heritage conservation; zoning; town and country planning
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Guest Editor
Department of Property, The University of Auckland, Auckland 1010, New Zealand
Interests: residential mobility; housing subsidies; housing wealth effects; affordability; touristification; land governance; policies and administration
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Land development and investment lie at the core of contemporary challenges and opportunities, significantly impacting sustainable development, economic growth, and environmental preservation. As a finite and valuable resource, the equitable allocation and utilization of land is crucial for fostering economic growth, ensuring social equity, and achieving environmental sustainability. Accurate land valuation and management are therefore fundamental for establishing effective governance and long-term planning, assisting governments and policymakers in tackling global uncertainties while offering essential space for innovation and entrepreneurship to fuel the development of emerging industries. As such, land development and investment play a pivotal role in shaping a more prosperous, equitable, and sustainable future.

The aim of this Special Issue is to collect original research articles and review papers that provide insights into the dynamics of land markets, the impact of investments on land utilization, and the social, economic, and environmental ramifications of these processes. It is important to recognize that ‘land’ is more than just the surface of the Earth. Land includes the subsurface and the airspace above, in line with the ad coelum doctrine, which states, "Cuius est solum, eius est usque ad coelum et ad inferos"—meaning that property rights extend from the depths below to the heights above.

This Special Issue will welcome manuscripts that link the following themes:

  • Land market analyses;
  • Land financing and urban development;
  • Land investment performance measures;
  • Land governance, policies, and regulations;
  • Technological innovation in land development and investment;
  • Managing in the land development process;
  • Risk management in land development and investment;
  • Economic, social, or environmental impact of land development and investment.

We encourage various types of submissions, such as empirical research, theoretical analyses, case studies, and review articles, to consolidate existing knowledge and pinpoint future research trajectories.

We look forward to receiving your original research articles and reviews.

Prof. Dr. Kwong Wing Chau
Dr. William Ka Shing Cheung
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Land is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • land development
  • land investment
  • land financing
  • land policy
  • technological innovation
  • risk management
  • economic impact
  • social impact
  • environmental impact

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Published Papers (6 papers)

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Research

24 pages, 10506 KiB  
Article
Analysis of Coupled Coordination and Driving Factors of Urbanization, Ecosystem Services, and Human Well-Being in the High and Coarse Sediment Yield in the Middle Yellow River
by Hong Cao, Qiuchen Zhu, Hua Bai, Hongzhou He and Chunli Liu
Land 2025, 14(1), 100; https://doi.org/10.3390/land14010100 - 7 Jan 2025
Viewed by 469
Abstract
The ecological and social problems brought about by China’s rapid urbanization process threaten sustainable development. Taking the cities with high and coarse sediment yield in the middle reaches of the Yellow River as the research objects, this study constructed a complex analytical framework [...] Read more.
The ecological and social problems brought about by China’s rapid urbanization process threaten sustainable development. Taking the cities with high and coarse sediment yield in the middle reaches of the Yellow River as the research objects, this study constructed a complex analytical framework composed of urbanization, ecosystem service value (ESV), and human well-being (HBW) subsystems. The equivalent factor method (EFM) was used to evaluate the ESV. The entropy weight method (EWM) and the comprehensive nighttime light index (CNLI) were adopted to assess the level of urbanization and human well-being. Then, coupled coordination degree (CCD) and grey relational modes were developed to reveal the level and major obstacles of synergistic development. The results showed that, from 2000 to 2020, urbanization, ESV, and HWB increased. The average value of CCD grew from 0.34 to 0.56, with higher coordination levels in the northeast and south. The coordinated development is influenced by multiple factors, with the intensity of the driving factors decreasing in the order of industrial structure, population quality, economic drive, government regulation, and scientific and technological support. The results indicate that it is essential to formulate differentiated regionally coordinated development strategies and establish cross-regional cooperation mechanisms to achieve interactive urban economic development, ecological protection, and well-being improvements in the middle reaches of the Yellow River. Full article
(This article belongs to the Special Issue Land Development and Investment)
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18 pages, 1513 KiB  
Article
An Investigation of Site Selection Decisions of Residential Development Projects in Hangzhou Based on Potential Market Segmentation
by Ling Zhang, Bohong Wu and Sijie Chen
Land 2025, 14(1), 98; https://doi.org/10.3390/land14010098 - 6 Jan 2025
Viewed by 562
Abstract
Since 2016, strict regulatory policies have limited the size and financing channels of China’s urban real estate market. To adapt to the new situation, real estate developers need to adjust their development strategies and adopt more precise investment methods. In this respect, cost [...] Read more.
Since 2016, strict regulatory policies have limited the size and financing channels of China’s urban real estate market. To adapt to the new situation, real estate developers need to adjust their development strategies and adopt more precise investment methods. In this respect, cost reduction, an accurate market positioning, and conducting detailed market research are particularly crucial. Given that the uneven development of the urban housing market has exacerbated urban segregation, urban residential space was subdivided into multiple potential submarkets. This study focuses on the land acquisition and the development of commercial residential projects in Hangzhou, China, from 2003 to 2022. Using the latent class analysis method based on the discrete choice model, the potential submarkets of Hangzhou’s housing development market are identified, and the project positioning and land selection preferences of developers are assessed. The results show that Hangzhou’s residential projects can be divided into five potential market categories: high-rise basic demand dwellings, high-end-improvement-type dwellings, luxury low-density dwellings, primary-improvement-type dwellings, and large-scale mixed-density dwellings. The importance of different land elements for developers when developing various types of projects is evaluated by calculating the willingness-to-pay coefficient. The findings of this study provide a comprehensive perspective for the government, real estate developers, and property owners to better understand the development dynamics on the supply side of the real estate market. Full article
(This article belongs to the Special Issue Land Development and Investment)
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19 pages, 1683 KiB  
Article
Urban Land Grabbing: Analyzing Zones for Community Uses in Hong Kong
by Mark Hansley Chua and Lawrence Wai Chung Lai
Land 2025, 14(1), 80; https://doi.org/10.3390/land14010080 - 3 Jan 2025
Viewed by 424
Abstract
This study, as a contribution to the research on urban land grabbing (grabs) as a global phenomenon, seeks to evaluate the populist belief that developers swallow up urban land originally zoned for community purposes under Government, Institution and Community (GIC) zoning, thus depriving [...] Read more.
This study, as a contribution to the research on urban land grabbing (grabs) as a global phenomenon, seeks to evaluate the populist belief that developers swallow up urban land originally zoned for community purposes under Government, Institution and Community (GIC) zoning, thus depriving communities of space for their own benefit. The authors applied a systematic analysis of non-aggregate planning and development statistics to better interpret the features of the land market as regulated by zoning. Their research focuses on the salient features of redevelopment projects that enjoy successful planning applications and onsite development in GIC zones. They compared the planning and development statistics, obtained from the Planning Department’s website, of 425 approved GIC projects with those of the 261 Comprehensive Development Area (CDA) zone projects. Subject to the limitations of the data collected, the results qualify a negative view of land oligarchs (powerful land developers) who sought land under unitary ownership obtained in the past at nominal land premiums for quick windfalls. Particularly, GIC redevelopments were found to have proceeded much faster than CDA developments and, hence, were a natural attraction to developers, which were diverse, not exclusively private, and produced a few urban innovations during the redevelopment process. Full article
(This article belongs to the Special Issue Land Development and Investment)
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22 pages, 10477 KiB  
Article
The Evolution and Performance Response of Industrial Land Use Development in China’s Development Zone: The Case of Suzhou Industrial Park
by Bo Su, Xiaoxia Shen, Qing Wang, Qi Zhang, Jingyu Niu, Qiqi Yin, Yuquan Chen and Shenglu Zhou
Land 2024, 13(12), 2182; https://doi.org/10.3390/land13122182 - 13 Dec 2024
Viewed by 997
Abstract
Development zones are crucial spatial carriers driving economic growth and industrial upgrading, playing a key role in China’s development. After years of expansion, these zones face significant challenges in industrial land development and performance enhancement. This paper takes Suzhou Industrial Park (SIP) as [...] Read more.
Development zones are crucial spatial carriers driving economic growth and industrial upgrading, playing a key role in China’s development. After years of expansion, these zones face significant challenges in industrial land development and performance enhancement. This paper takes Suzhou Industrial Park (SIP) as a case, which is a model of Sino–Singaporean government cooperation. Using Landsat 4–5 TM data, socioeconomic data, and industrial land use data, spatial analysis and statistical modeling were employed to examine the evolution and phased patterns of industrial land use in SIP from 1994 to 2022. A performance evaluation system encompassing economic benefits, innovation-driven growth, development intensity, green development, and social security was developed to assess land use performance and its responses to spatial transformations. The results reveal that industrial land in SIP experienced a significant change in the intensity of land expansion from 1.031 to 0.352 during 1994–2022, and the peak circle density expanded from 3 km to 15 km. The mean value of the comprehensive performance score during 2017–2022 was 42.18, with the highest economic efficiency (40.54) and a lower innovation capacity (16.98). The development of industrial land in SIP presents the stage characteristics of monocentric polarization, polycentricity, and spatial diffusion toward a generalized development zone, showing significant path dependence, and the difference in the land use performance of different industrial types is obvious. In the future, the optimization and redevelopment of the stock of land should be strengthened to promote the optimization of the spatial layout of technology-intensive industries and the technological upgrading of labor-intensive industries, as well as achieving sustainable economic growth through innovation-driven, green development and enclave economy collaboration. This study provides a reference for the industrial layout and high-quality sustainable development of development zones. Full article
(This article belongs to the Special Issue Land Development and Investment)
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16 pages, 878 KiB  
Article
Kowloon Walled City: A Case of Land Administration of a Disputed Territory
by Lawrence W. C. Lai
Land 2024, 13(12), 2112; https://doi.org/10.3390/land13122112 - 6 Dec 2024
Viewed by 816
Abstract
Informed by hitherto unreported archival materials and the relevant literature, this short paper employs a case study of the post-war Hong Kong Government’s administration of the so-called Kowloon Walled City to elucidate two fundamental principles of land administration in the use of land: [...] Read more.
Informed by hitherto unreported archival materials and the relevant literature, this short paper employs a case study of the post-war Hong Kong Government’s administration of the so-called Kowloon Walled City to elucidate two fundamental principles of land administration in the use of land: (a) certitude of land boundaries and (b) public health and safety. Land administration of this densely populated and growing habitat, being a territory under disputed colonial jurisdiction, was characterised by the meticulous enforcement of an officially adopted boundary and the implementation of a site and service approach for a high-rise settlement by the Colonial Hong Kong Government. Full article
(This article belongs to the Special Issue Land Development and Investment)
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20 pages, 1922 KiB  
Article
Industrial Land Protection and Allocation Efficiency: Evidence from Guangdong, China
by Jie Lin, Xin Li and Jianfu Shen
Land 2024, 13(12), 2081; https://doi.org/10.3390/land13122081 - 3 Dec 2024
Viewed by 581
Abstract
Industrial land allocation in China has been distorted for a long time by local governments providing land at a low price to attract manufacturing activities. This study explores whether an industrial land protection policy can reduce the distortions and, hence, improve land allocation [...] Read more.
Industrial land allocation in China has been distorted for a long time by local governments providing land at a low price to attract manufacturing activities. This study explores whether an industrial land protection policy can reduce the distortions and, hence, improve land allocation efficiency in China. Using industrial land zoning and protection policies adopted in some cities in Guangdong province, this study finds that industrial land allocation efficiency is indeed improved after the implementation of protection policies, reflected in higher land prices and greater land use intensity. However, the improvement is smaller for industrial land provided to advanced manufacturing industries, indicating that local governments continue to rely on a strategy of offering cheap land to compete for high-end manufacturing activities. Further analysis suggests that the adoption of industrial land protection in one region generates a positive spillover effect on industrial land allocation efficiency in neighboring regions. Overall, this study provides new evidence on the effectiveness of industrial land protection. Full article
(This article belongs to the Special Issue Land Development and Investment)
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