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Sunday, November 9, 2025

When public land becomes social capital

By Huynh Ngoc Tan

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There is a simple principle often forgotten when we think about public land: when a city invests in its people, it is investing in itself. A comfortable living environment creates happiness; happiness fuels productivity. The more livable a city becomes, the more investment it attracts — because true value does not lie in land prices, but in the vitality that radiates from that land. Public spaces allow people to meet, share, and connect; nature returning to the urban core strengthens resilience in the face of change. Thus, when public land is used in the true spirit of serving the community, benefits are not lost — they merely shift from short-term profit to long-term social value. And these values are not abstract. They can be measured through labor productivity, investment appeal, social cohesion, and the ecological resilience of the city as a whole. Four pillars of modern urban development Using public resources for the public good is not only an ethical choice — it is an economic strategy, proven through four foundational principles of modern urban development: Comfort – Desirability – Inclusion – Resilience. Comfort in urban life is not just about physical ease — it is the physiological and psychological […]
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