A Research Of Real Estate Asset Trusts With Land Exploiture

In Taiwan the land for public establishment can be obtained from the government in the form of public domain. Besides, private land, which is usually obtained by government by expropriation, by section expropriation and by repartition of city land, is also appropriate for public establishment. Trust exploiture offers a new way for land owners to work in holistic exploiture in the circumstances of expropriation with force and being difficult to finance for city land repartition. The outlay for trust fund for land exploiture roots in nongovernmental money, as a result, it is much easier to ensure people's property right. Therefore, the purpose for land trust mechanism is to accelerate making use of land effectively and region development as well as to relieve the burden of government finance through the private landowners' participance in public works together with government.Under the existing real estate investment trust mechanism, the exertion of trust system is limited to the life planning of real property, design, construction of the "financing assistance trust relationship" during the period of repartition. The exertion of the trust system should be combined with real estate trust registration and securitization of real estate, in order to make real estate trust play its original intent in land exploiture.This paper is mainly directed against the phenomena such as the mode of financing for land repartition, insufficiency of human resources and the lengthy exploiture time of the existing land exploiture, thus we ameliorate the flaws and shortcomings of traditional land exploiture by real estate trust and securitization of real estate ,then combine land exploiture with real estate trust and delivery management as well as exploiture methods, and utilize the securitization of real estate trust to raise funds from civil money, in order to create new business opportunities through improving the financing of land exploiture, offeringprofessional human resources and largely shortening exploiture time.