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Article: Sustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution

TitleSustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution
Authors
KeywordsCoase theorem
Heritage conservation
Museum
Real estate revolution
Urban renewal
Issue Date2019
PublisherMDPI. The Journal's web site is located at http://www.mdpi.com/journal/sustainability
Citation
Sustainability, 2019, v. 11 n. 3, article no. 850 How to Cite?
AbstractA global real estate revolution has been transforming the urban landscape everywhere. Development and redevelopment projects have mixed with, if not become an integral part of, real estate construction. At the same time, there is a drive to commodification in this revolution, as shown by a growing trend to conserve built heritage in new development projects characterised by the rise of museums. This paper reviews some examples of attempts in various parts of the world to combine real estate development and conservation and applies the fourth Coase theorem to explore how built heritage conservation and urban renewal in Hong Kong, hitherto problematic in terms of their invasion of private property, can become a win-win outcome in the context of this global real estate revolution.
Persistent Identifierhttp://hdl.handle.net/10722/272327
ISSN
2017 Impact Factor: 2.075
2015 SCImago Journal Rankings: 0.478
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorLai, LWC-
dc.contributor.authorLorne, FT-
dc.date.accessioned2019-07-20T10:40:08Z-
dc.date.available2019-07-20T10:40:08Z-
dc.date.issued2019-
dc.identifier.citationSustainability, 2019, v. 11 n. 3, article no. 850-
dc.identifier.issn2071-1050-
dc.identifier.urihttp://hdl.handle.net/10722/272327-
dc.description.abstractA global real estate revolution has been transforming the urban landscape everywhere. Development and redevelopment projects have mixed with, if not become an integral part of, real estate construction. At the same time, there is a drive to commodification in this revolution, as shown by a growing trend to conserve built heritage in new development projects characterised by the rise of museums. This paper reviews some examples of attempts in various parts of the world to combine real estate development and conservation and applies the fourth Coase theorem to explore how built heritage conservation and urban renewal in Hong Kong, hitherto problematic in terms of their invasion of private property, can become a win-win outcome in the context of this global real estate revolution.-
dc.languageeng-
dc.publisherMDPI. The Journal's web site is located at http://www.mdpi.com/journal/sustainability-
dc.relation.ispartofSustainability-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectCoase theorem-
dc.subjectHeritage conservation-
dc.subjectMuseum-
dc.subjectReal estate revolution-
dc.subjectUrban renewal-
dc.titleSustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution-
dc.typeArticle-
dc.identifier.emailLai, LWC: wclai@hku.hk-
dc.identifier.authorityLai, LWC=rp01004-
dc.description.naturepublished_or_final_version-
dc.identifier.doi10.3390/su11030850-
dc.identifier.scopuseid_2-s2.0-85061184601-
dc.identifier.hkuros298929-
dc.identifier.volume11-
dc.identifier.issue3-
dc.identifier.spagearticle no. 850-
dc.identifier.epagearticle no. 850-
dc.identifier.isiWOS:000458929500295-
dc.publisher.placeBasel, Switzerland-

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