Presentation on theme: "Land, land everywhere, but not a service to link: Land Policy and Urban Expansion in Ulaanbaatar, Mongolia David Mason, Geoffrey Payne and Meskerem Brhane."— Presentation transcript:
1Land, land everywhere, but not a service to link: Land Policy and Urban Expansion in Ulaanbaatar, MongoliaDavid Mason, Geoffrey Payne and Meskerem BrhaneWorld Bank, Geoffrey Payne andAssociatesMarch 24, 2014
2Presentation Overview Introduction and ContextLiterature on Title and Tenure SecurityMongolia: Legal and Institutional ContextUrban Expansion and Market DistortionsConclusion and Next Steps
3Urbanization and Change in Mongolia Large, scarcely populatedMost urbanized in EAP regionMarket transitionProgressive land and shelter policy
4The Benefits of Land Title Property rights are an important component of economic growthLand title and poverty alleviationLimits to land titleInvestment in land and housing independent of titleTitle does not always influence collateralizationWhat else should be considered along with prior to land title?
5Land Administration System Three types of rights afforded to landPossession rights (renewable)Ownership rightsUser rights (subject to frequent renewal)UB residents allowed plot of up to 700m2 by lawAffordable, widely held by poor and ger area residentsAllocation of plots opaque
6Challenges with current system Availability of land has encouraged low-density growthLarge informal sales market in ger areasSystem does not record sales prices or valuesFees and taxes associated with land are small and based on fixed valuesBanks do not want to collateralize plotsNetwork infrastructure is incomplete and access drives market prices
7Next Steps and Future Research Considerations for financing infrastructureReform land valuation and taxation systemTax apartmentsIncremental upgrading and self-taxation/betterment districtsOngoing researchImproving description of informal markets in ger areasEstimating value gained through infrastructure connections