Abstract
The establishment of periodical land lease agreement enabled landowners to activate their sleeping land in business and, as a result, it caused the liquidation of fixed lands. Lease holders, especially those who in the middle-income segment, also enjoyed this opportunity and gained good quality individual house since its initial investment amount turned to cost less than building lots for sale. This establishment converted the idea of the land policy from ‘land to be owned’ to ‘land to be activated’.
