We are of course, seeing these self same tower blocks being razed to the ground in the uk, because we do not have the will or the resources to properly manage the social behaviours of those who are required to live in them. I wouldn’t however put it past the politicians of today to make the same mistake of their predecessors, as they will always look for headline grabbing short term solutions that only generate problems for those that take their place – and so shall it ever be it seems – or will it? I wonder?
We are moving towards, potentially, maybe, possibly, eventually, at some point, a post EU future in the UK, or is it just England, who knows? Globally, president elect Trump, is about to disrupt the financial markets again, maybe, who knows, certainly not any of the pundits, or experts it seems. All these financial whiz kids, seem about as clueless as the pollsters these days, when it come to predicting the outcome of anything other than a one horse race.
Pangyo – a Second Generation New Town in Korea
What countries have broadly succeeded in removing the gap between supply and demand?
Ill give you three
- Turkey
- Korea
- Singapore
What do all three have in common?
They have set up powerful national agencies to purchase land, drive procurement and undertake housebuilding.
By contrast is a funder and regulator which arguably in periods in the past had funding policies which drove up land prices.
In England we have a large independent HA sector which has many benefits but which has not had a primary political goal of building, and it has had to live through a period where various government policies discouraged it building such as HA RTB.
The lessons from the three agencies set up in Turkey, Korea and Singapore are:
- In undertaking very large scale land purchases they can drive land prices down and undertake projects at the new…
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Roger Gambba-Jones 