For to the 2010 International Flora Exposition in Taipei, the municipal government implements a series of amenity projects. One of which is rewarded floor area, that is, the government levies the private land with old buildings with prescription, and turns them into green parks for public use temporarily. In other words, the government “rent” the land to glorify the city by rewarding floor area as a bonus.
This study calculates the profit through the market price, announced land price, housing construction costs, land lease costs and green landscaping costs, and finds out that due to the floor area provided by the government. The land owners who participate in this project will earn about $ 86,000 to $ 123,000 in per ping land. All 58 study areas will produce a total benefit from about $ 1.8 billion and 97.04 million to $ 2.7 billion and 17.78 million. As a land-use improved project in a very short period of time, it also a project that municipal government changed the land use by levying right. It’s much better to rent the land by government since the $6.7 billion total cost was under and save at most $20 billion of social cost compared with floor area reward. Floor area regulation is one of the best methods limiting land use by government, but now it becomes a policy-driven reward, and this will lead both to the failure of land-use control and to the impact of the housing market price. By applying a policy that both lacks an overall assessment and pursuits immediate short-term outcomes, does it truly protect the rights of the residents or conform to the social justice of the essence and distribution?
