| Title |
Redefinition of Public-private Role in Housing Redevelopment Projects for Enhancing Publicness and Profitability - Comparing with Urban Redevelopment Project of Japan - |
| Authors |
Maeng, Da-Mi ; Lee, Dong-Hoon ; Baik, Ce-Na |
| DOI |
http://dx.doi.org/10.5659/JAIK_PD.2016.32.2.181 |
| Keywords |
Housing Redevelopment Project ; Publicness ; Profitability ; Public-private Role |
| Abstract |
Low economic growth and recession in real estate market resulted in sluggish implementation in housing redevelopment projects and affect inadequate provision of public facilities and housing. This study aims to identify the issues of the current provision system of public facilities and housing in the housing redevelopment projects of Seoul and find solutions by comparing with the cases of Japanese redevelopment projects. Keeping the balance between publicness and profitability of the projects is one of the main principles which can be accomplished by reinforcing the public-private partnership. This study suggests three systems as the way of enhancing publicness and profitability of the housing redevelopment projects: (1) government financial supports for establishing infrastructure, (2) introduction of public copartner system, and (3) risk-taking of private sectors. |