chapter  2
Reinventing land readjustment
Implications for eminent domain and land governance 1
ByYu Hung Hong, Mansha Chen
Pages 19

This chapter discusses a long-established land management tool—land readjustment (LR)—and reasserts its often-unexamined potential to build open and inclusive governance structures that begin to tackle these aforementioned challenges of urban development in the developing world. LR is a planning tool that can support inner-city revitalization or urban expansion. Its basic principle is to organize landowners and land occupants to act together—in cooperation with a municipality and/or private developer—to pool their land to accomplish a redevelopment project. Land pooling involved bringing many different—and even conflicting—interests together to agree upon a redevelopment plan for the city. It is generally true that LR needs a vibrant real estate market to be implementable because one of its objectives is to mobilize land value increments generated by land redevelopment to finance infrastructure investment and neighbourhood improvements. The most often used LR-like method that is tailored for informal settlement upgrading is land sharing.