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<p>Despite the 2004 land marketization reform, nearly 60% of market housing land transactions in China still involve non-market mechanisms. This study discusses three primary reasons. First, non-market allocation significantly reduces land costs for market housing, attracting more stakeholders to participate in urban renewal projects. Second, non-market allocation allows local governments to select experienced and capable developers, ensuring the success of urban renewal projects. Third, non-market allocation facilitates better negotiation of compensation and resettlement for relocated residents, reducing social tensions and maintaining stability. Non-market allocation emerges as a strategic tool for managing the complexities and risks of urban renewal in China.</p>

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Strategic land allocation in China’s urban renewal: the role of non-market mechanisms

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2025年4月17日

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  • Zhengbin Liang

摘要

Despite the 2004 land marketization reform, nearly 60% of market housing land transactions in China still involve non-market mechanisms. This study discusses three primary reasons. First, non-market allocation significantly reduces land costs for market housing, attracting more stakeholders to participate in urban renewal projects. Second, non-market allocation allows local governments to select experienced and capable developers, ensuring the success of urban renewal projects. Third, non-market allocation facilitates better negotiation of compensation and resettlement for relocated residents, reducing social tensions and maintaining stability. Non-market allocation emerges as a strategic tool for managing the complexities and risks of urban renewal in China.