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Cashing in on the sky: financialization and urban air rights in the Taipei Metropolitan Area

Hung-Ying Chen

Regional Studies, 2020, vol. 54, issue 2, 198-208

Abstract: This paper focuses on urban air rights, property rights for the ownership, development and trading of the airspace above land parcels. A three-fold contribution is made to the study of urban financialization. First, urban air rights are explicated as a new empirical terrain for research into urban financialization. Second, air rights are conceptualized as ‘market devices’ that enable market-making processes and are deployed by an activist state to facilitate regulatory and socio-technical conditions for urban financialization. Third, case studies of urban Taipei show air rights take subtly different forms across financialized processes of infrastructure provision and urban renewal.

Date: 2020
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DOI: 10.1080/00343404.2019.1599104

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Handle: RePEc:taf:regstd:v:54:y:2020:i:2:p:198-208