Abstract
Large-scale buildings affect the areas where they are built so much that it is absolutely imperative that their externalities
should be taken into serious consideration while making plans for land utilization.
This study defines “large-scale buildings” as buildings covering land over 10000 square meters. Through estimating the
externalities of large-scale buildings by examining their effects on land prices, it became obvious that the externalities of largescale
buildings change depending on their types, locations, and use districts around them.
This study points out that large-scale buildings are to be constructed at appropriate places where they will bring maximum
benefits and minimize unwanted or negative effects.
By valuing the overall changes of land prices affected by large-scale buildings, this study comes forward with two proposals
for local governments as to city planning: the system of total and comprehensive evaluation of land in land sale; and the
increase of green which leads to the expansion of floor space index.
