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in Johannesburg: the existing property market and how it fits in to the vision of the COF, and regulatory instruments used by the City to realise the vision of the COF. The report examines points of alignment between the regulatory framework and the property sector, and reviews interventions underway by the CoJ to attract property developers to the Corridors. Where appropriate, the report makes suggestions for areas of greater research and consideration, while acknowledging that the CoJ currently has a limited impact on the market and needs to strengthen its regulatory function. The report also reviews the COF and urban management interventions and, here too, the core discussion is around what is required by the City to facilitate good urban management and place making. Given that the TOD project is still largely in the preparatory phase, the research for this project has predominantly made use of existing CoJ documentation as its desktop research. There is little academic literature that speaks to the issues around regulation, property development and urban management as it pertains to the Corridors. The property development industry itself is diverse and segmented, which makes it tricky to make generalised statements (Ciaocetto 2006: 428). The desktop research was supported by in-depth qualitative interviews held with 23 respondents, including:

1.1. Outline of Report Section 2 outlines the regulatory framework in the CoJ, focusing on the planning regime and its policies and, specifically, the regulatory instruments used by the City to realise the vision of the COF. Section 3 provides a background to the macroeconomy and its effect on the property market; introduces the various property market sub-sectors; and outlines constraints the City is experiencing in shaping market forces through public infrastructure investment and place making. It also includes case studies of development in two TOD nodes: Orange Grove and the Milpark Precinct. Section 4 details the incentives developed by the City to stimulate market interest in TOD, illustrating how the City is using costcutting techniques to attract property developers with a location-based incentive programme. Section 5 evaluates policies and plans in place to regulate the market, while Section 6 highlights the importance of capacity building amongst City officials to work more effectively with the property sector and communities. Section 7 is focused on urban management, arguing that it requires attention from the City because of the impact it has on property developers and communities. Finally, Section 8 provides some concluding remarks and important recommendations to the CoJ.

• City of Johannesburg officials • Property developers working in the COF or its surrounds • Built environment professionals • Professionals working on urban management issues • Academic experts working in the field The respondents all gave willingly of their time and supplied critical information required. Some wished to remain anonymous while others were comfortable with being named for the study but did not wish specific comments to be attributed to them in the document. The documentation and interviews are the basis of the analysis but there remains scope for much more detailed research still to be done. Further, many conclusions are speculative as the policies have not as yet been rolled out fully and the analysis is therefore based on potential results.

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Transit corridors & the private sector

Transit corridors & the private sector

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Transit Corridors and the Private Sector: Incentives, Regulations and the Property Market  

Part of the Spatial Transformation through Transit-Oriented Development in Johannesburg research series. Published by the South African Rese...