ESTIMATION OF LAND PRICE FUNCTIONS AND COST-BENEFIT ANALYSIS OF LAND USE MODELS IN DENSELY BUILD-UP AREAS

For proposing guidelines for redesign of densely build-up areas by local characteristics

Abstract

Redevelopment projects are being carried out to improve disaster prevention performance in some densely build-up areas. However, since these may cause loss of unique residential environments, it is needed to clarify land use level appropriate to each local characteristics for redesign. As the first step, this study estimated land price functions and conducted cost-benefit analysis of created three land use models using these functions to clarify appropriate land use level from economic perspective for three case study areas. The results showed that appropriate land use level differs depending on local characteristics, especially whether it is in metropolitan or provincial area.