A review of land development strategies for urban development: technical function and rationales

Abstract

Land development is crucial to the process of urban development. Depending on present ownership structure, the promoter-sponsor-developer must acquire one or more plots in a land assembly process. After land assembly, further steps must be taken to make the location suitable for development. Globally, many land development strategies are in place to make sure that land becomes available at the right time and at a fair price, often with huge difference in outcomes and rationales behind them. This article aims to provide a review both of the technical function of land development strategies and of the rationales behind them.