Adams, D and Hastings, E M (2000) Making urban renewal pay: The Hong Kong experience. Journal of Financial Management of Property and Construction, 5(1-2), pp. 79-84. ISSN 1366-4387
Abstract
This paper evaluates the initial operations of the Land Development Corporation, established by the Hong Kong Government in 1988 to undertake, encourage, promote and facilitate urban renewal. It demonstrates how, in the absence of significant public funding, the Corporation had to rely on innovative forms of partnership with leading private-sector developers. The LDC's initial activities were thus concentrated on projects likely to produce the highest financial return rather than necessarily contribute most to urban renewal. The paper suggests more extensive urban renewal in Hong Kong may be hard to achieve without acceptance that such activities cannot be always financially viable.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Hong Kong, land policy, public-private development partnerships, urban renewal |
| Index terms: | Hong Kong, funding, land development, urban renewal, partnership, land |
| Subjects: | partnership management, Geography, economic analysis, real estate economics, post-disaster and reconstruction |
| Topics: | Geographical Context, Stakeholder Management, Urban Studies, Business Strategy |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here