Abstract: Since the exploratory practice started in 1980’s, compensation with development right return for land lost peasants have been implemented in eastern and central China, especially in the city with character of rapid economic development and sharp contradictions between demand and supply in construction land. In the process of practice, certain achievements are made, but some tremendous controversy is produced as well, such as the limitations of applicability scope, difficulties of plans’ coordination, complexity of land ownership, and hardness of management. Based on the feature extraction by case study, typical models for compensation with development right return for land lost peasants are summarized. Finally, several policy recommendations are proposed for its further development.