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Measures for Revitalizing the Stock of Land: Problems and Policy Options-- A Case Study on Foshan City, Guangdong Province (No. 5, 2020)


By Wang Ruimin, Research Team on “Strategies and Policies of Urbanization and Housing Development”, Institute of Market Economy, DRC

Research Report, No. 5, 2020 (Total 5749) 2019-1-13

Abstract: To revitalize the stock of land, Foshan city in Guangdong province has made pilot practice and carried out some measures such as equal market access to collectively-owned construction land, exchange of collectively-owned land and state-owned land, flexible transfer of industrial land, new industrial land policies and the upgrading of village-level industrial parks. These measures have greatly improved land utilization efficiency, providing space for the development of industrial upgrading and urban renewal. However, some of these measures face some hurdles caused by relevant rules and regulations such as the high tax cost for the replacement of collectively-owned land and state-owned land, the lack of higher-level government support, and enterprises’ reluctance for the flexible transfer of industrial land. The national land market has generally entered a period of land stock. Among the newly-added construction land in 2018, seventy-five percent of the land reserves with development and utilization potential have been revitalized. The problems met by Foshan city are likely to be common issues in the future use of stock land. It is advisable to carry out preferential tax policies for revitalizing the stock land, revise relevant legal provisions, improve the scale of construction land turnover and the index reward system, and promote the improvement of urban land use efficiency.

Key words: revitalize the stock land with development and utilization potential, bottlenecks in rules and regulations, Foshan city