• Land and Housing Review
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• v.15 no.3
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• pp.45-59
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• 2024

Land reservation policies are twofold: Land Banking and Reserved National Lands. The former purchases land for public development before prices rise and controls supply and demand. The latter reserves land for future administrative needs. Both systems aim to reserve land for future supply if prices increase. However, these policies lack responses to contemporary environmental changes, such as the carbon-neutral society and development-restricted zones. This study proposes policy reform to preserve environmental value by evaluating land in metropolitan areas using six ecosystem service variables. Target areas are Gapyeong-gun, Pocheon-si, and Yeoncheon-gun in Gyeonggi Province. Short-term improvements include evaluating environmental value, mid-term measures involve adding environmental considerations to reservations, and long-term measures include expanding the Ministry of Economy and Finance's role in integrated management.