The request to compensate for planning loss caused by land use regulation has increased more and more over time. This study develops a simulation method to assess the feasibility of TDR(Transfer of Development Rights) introduction to greenbelt area. The regulation has been designated in very broad area and restrained the property rights for a long time so that it has caused many requests to compensate. The simulation model deals with the locational values as wells as development volume and density, which make the analysis close to the reality. The case study area is greenbelt area in Hwaseong City in which sending area and receiving area were picked out. The transferable and receivable development rights are produced through the simulation. As a result, the receivable development rights is about 1.5 times transferable development rights, so receiving area can receive the whole tranferable development rights from the sending area. More improved data on the whole of greenbelt would enable us to improve the feasibility analysis on TDR.