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http://dx.doi.org/10.5804/LHIJ.2013.4.1.099

A Study on the Measures for Applying Standard Development Cost for the Revision of Development Charge System  

Lee, Sam-Su (한국토지주택공사 토지주택연구원)
Jeong, Da-Woon (한국토지주택공사 토지주택연구원)
Song, Young-Il (한국토지주택공사 토지주택연구원)
Publication Information
Land and Housing Review / v.4, no.1, 2013 , pp. 99-105 More about this Journal
Abstract
Development Charge System was introduced in 1989 to recapture development gains, however, it has been revised more than 20 times since then. The reason for such frequent revisions was that estimating development cost was too composite and indefinite. Therefore it is required that estimating method of development cost should be simplified in order to minimize conflicts among diverse parties. To support the recent revision of 'Restitution and Development Gains Act', this study verified several alternatives of applying standardized costs per area under specific size of development and suggested policy implications. For analysis data, 9,362 Development Charge and cost data of si gun gu for recent 3 years were used. The results showed that dividing Seoul Metropolitan Area (SMA) and non-SMA made a significant difference and definite divisions among regional groups. The result of this study could minimize social conflicts as well as contribute in realizing the public concept of land policy by revising Development Charge System.
Keywords
Development Charge System; Development Cost; Standard Development Cost; Development Gains Restitution;
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Times Cited By KSCI : 1  (Citation Analysis)
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