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Paper eres2016_293:
Centrally Located "Urban Village"

id eres2016_293
authors Wu, Hao
year 2016
title Centrally Located "Urban Village"
source 23rd Annual European Real Estate Society Conference in Regensburg, Germany
summary This is a preliminary investigation of redevelopment performance of three “urban villages”, located at the core of a major Chinese city. It shows that, when land use change occurs at a high rate, rural-urban transition may appear in urban core areas. Social and physical changes take time given building lag and ambiguous property rights. The process may be regarded as a structurally deepening rural-urban transition, in a ‘market distortion’ environment. Land market inefficiency is evident, with physical, institutional, financial and ‘random’ causes, leading to diverse social and economic outcomes. Each village may evolve differently to serve certain social-economic functions in city. “Idle property” clearly indicates pure social cost. Reducing the pure loss (e.g., redevelopment failure) is important. Questions such as “what are the risks and barriers in redeveloping urban villages” deserve further analysis.
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Real Estate Development & Regeneration
last changed 2017/11/18 16:16
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