Nearly all the large and small municipalities across South Africa own or control sizable portfolios of underutilized or underperforming real property assets. These real property assets present opportunities for municipalities to advance their fiscal, economic, environmental, and social policy goals through strategic transaction/ conveyance that include but not limited to sales through auction system and leasehold. In as far as public land leasing is concerned, several municipalities have been struggling to effectively calculate and understand the market value of its holdings. This is partly due to the inadequate legal or regulatory framework as well as insufficient technical capacity to negotiate with private real estate developers.
Useful Links:
Public Land Development Research Programme & the Public Land Lease Model, URERU UCT