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Since 1960, the Industrial Development Bureau (IDB), MOEA, has designated and developed industrial parks in succession. As the times change and industrial structures transform, now, each designated industrial park has in succession encountered the situations such as shabbiness, not conforming to modern companies’ diversified types of needs. During recent years, the Industrial Development Bureau has also been actively promoting the renewal and regeneration projects for designated industrial parks. However, because most of the land within these parks is private-owned, the renewal and regeneration is still limited to the renewal of hardware facilities at present. Large-scaled holistic renewal is hard to be implemented further. In addition, each designated industrial park has different development backgrounds and residing industry types, and every company has its own different directions and plans for operation development. Thus, for effectively facilitating the overall renewal and development of designated industrial parks, the feasible way is to guide civil companies to activate the renewal and regeneration projects spontaneously.
However, in the current statute “Industrial Innovation Act” mainly for the renewal of designated industrial parks, there lack the stipulations related to renewal and regeneration. It also lacks the property right exchange mechanism in which the property rights of land can be readjusted and redistributed to solve the rigidity of land privatization. Although such a property right exchange mechanism can be drawn up by means of reference to the property right exchange mechanism in our country’s Urban Renewal Act, however, the situations of the needs for property right exchange in urban renewals and in the renewal and regeneration projects for designated industrial parks are actually different in essence, which can not be applied to the designated industrial parks in our country directly and totally. Aimed at the situations of actual needs for applications of property right exchange in the implementation of the renewal and regeneration for designated industrial parks, this study referred to the current property right exchange mechanism in our country’s Urban Renewal Act, as well as the property right exchange mechanism in Japan’s Urban Redevelopment Act, in order to seek for a property right exchange mechanism applicable to designation.
The suggestions in this study were: When any sub-statute to the Industrial Innovation Act is enacted in the future, the property right exchange system as well as related incentive mechanisms for encouraging the participation in renewal and regeneration should be set up additionally, including providing special renewal prize-rewards aimed at the delimited areas for emergent preparation, loosening the restrictions on land use, setting up subsidies for renewal and development, providing zoning bonus and tax finance preference; also, the operation loss deriving from the participation in renewal and regeneration should be subsidized. Besides, a panel for the renewal and regeneration projects should be set up additionally, to assist the designated industrial parks in implementing renewal and regeneration, so as to facilitate the renewal and regeneration of designated industrial parks promoted spontaneously by the non-governmental circles.
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