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land bank
(redirected from land banks)

   Also found in: Dictionary/thesaurus, Wikipedia 0.02 sec.
land bank

Land purchased and held for future development.



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There are lots of possibilities, including land banks and land swaps as well as outright sales of surplus land.
As of 1997, the land banks owned 560 parcels totalling 106,000 acres, or about half of all government surplus land.
It has a successful proven track record in the property markets in Hong Kong and Macau and currently owns one of the largest land banks in Macau among listed companies in Hong Kong.
 
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