0 an area of land that has been bought in order to make a profit by selling it at a much higher price to those who hope they can build houses, etc. on it in the future
All mineral sites with planning permission, regardless of whether they are in current production, should be taken into account in calculating this landbank.
This landbank should be sufficient to provide for at least 10 years extraction unless exceptional circumstances prevail.
The advice given in minerals planning guidance note 6 is that a sufficient stock of permitted reserves—a landbank—should be maintained for all aggregate minerals.
The commissioners have put forward revised proposals dealing particularly with the issue of the landbank.
This represents a landbank of over 44 years.
Surely it is time to look again at this policy so that parks can opt out of maintaining a landbank where they wish to do so.
Its core businesses are in strategic landbank management, residential development, shopping centers, corporate businesses, and hotels.
Landbank was tasked to collect 15-year land amortizations from beneficiaries at the cost of the value of the land plus six percent interest per annum.
