Explanations of decay and renewal in the housing market: What can Europe learn from American research?

Andersen, Hans Skifter

doi:10.1007/bf02498059

Cited by 17 publications

(5 citation statements)

References 20 publications

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“…They will eventually fall into a state of dilapidation if they are not properly maintained. A wave of building dilapidation sooner or later results in urban decay, which has been a major eyesore in many well‐developed cities (De Kleijn, 1986; Andersen, 1995). Regarding this issue, Hong Kong (or, more formally, the Hong Kong Special Administrative Region) is of no exception.…”

Section: Introductionmentioning

confidence: 99%

An empirical study on the positive externality of building refurbishment

Yau

Chau

et al. 2008

International Journal of Housing Markets and Analysis

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PurposeThe paper's objective is to empirically study the effects of building refurbishment on the prices of the dwelling units in a contiguous housing estate in Hong Kong.Design/methodology/approachIn a congested living environment like Hong Kong, it is difficult, if not impossible, to have a view unobstructed by buildings. As such, the quality of views is dependent on the aesthetic quality of surrounding buildings. It is likely that poorly maintained buildings will impose negative visual effects on their immediate surroundings. Refurbishing these poor buildings should, therefore, reduce or even counter this negative externality. To study the positive externality brought about by building refurbishment, a hedonic price analysis was conducted on a set of panel data consisting of property transactions in a large housing estate located in Pokfulam. This estate was chosen because its adjoining buildings underwent refurbishment in 1998.FindingsThe results showed that the refurbishment increased significantly the prices of those properties which faced refurbished buildings, keeping other things constant. The increments, on average, amounted 6.6 per cent of the prices of the properties.Research limitations/implicationsBuilding refurbishment can have various scopes and scales but this study did not consider how the characteristics of the building refurbishment affected the prices of neighbourhood properties.Practical implicationsGiven the problems of aging buildings in most urban areas, the results presented significant practical implications for building refurbishment and urban renewal as a whole. Developers or property owners may be lured to invest in the refurbishment of adjacent dilapidated properties with a view to enhancing the values of their own properties.Originality/valueAlthough previous studies analytically suggested that building refurbishment created positive externality, this study is the first attempt to explore this connection.

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Section: Introductionmentioning

confidence: 99%

An empirical study on the positive externality of building refurbishment

Yau

Chau

et al. 2008

International Journal of Housing Markets and Analysis

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“…Kondisi ini menciptakan spiral negatif, di mana kerusakan fisik dan penurunan fasilitas memunculkan deindustrialisasi, meningkatkan tingkat pengangguran, dan secara keseluruhan mengarah pada kemunduran kota (urban decay), seperti yang dijelaskan oleh Andersen, kemunduran kota ini muncul sebagai hasil dari interaksi buruk antara perubahan sosial, ekonomi, dan fisik dalam kota (Andersen, 1995). Akibatnya, Kota Tua Jakarta, yang dulunya pusat kegiatan ekonomi dan peradaban, sekarang mengalami tantangan serius untuk memulihkan dan mengembalikan kejayaannya yang hilang.…”

Section: Upaya Revitalisasi Kota Tua Jakartaunclassified

Pembangunan Inklusif Di Urban Heritage Kota Tua Jakarta Melalui Pariwisata Kreatif

Rusata,

Hamidah

2023

JPK

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Kawasan Kota Tua merupakan urban heritage di Jakarta yang sepatutnya memperoleh perhatian lebih dari pemerintah agar tidak mengalami kemunduran kota Melalui pembangunan inklusif yang memberi akses bagi masyarakat luas untuk berpartisipasi pada kegiatan pariwisata kreatif diharapkan dapat mendukung upaya pemerintah dalam merevitalisasi kawasan ini. Penelitian ini bertujuan 1) memperoleh pemahaman yang komprehensif mengenai kemunduran kota dan upaya revitalisasi di Kota Tua Jakarta; dan 2) mengetahui komunitas kreatif di Kota Tua yang merupakan bagian penting dari pembangunan inklusif kota Jakarta. Penelitian ini menggunakan pendekatan deskriptif kualitatif melalui teknik stakeholders mapping. Data primer diperoleh dari observasi lapangan dan wawancara semi terstruktur dengan perwakilan Unit Pengelola Kawasan Kota Tua dan komunitas pada tahun 2022, sedangkan data sekunder diperoleh dari studi literatur dan kepustakaan. Hasil kajian menunjukkan bahwa revitalisasi Kota Tua masih menghadapi kompleksitas dari pemangku kepentingan yang menghambat proses kerjasama lintas sektoral sehingga membuat pengembangan potensi kreativitas kurang maksimal. Namun animo masyarakat untuk berkunjung memberi peluang bagi komunitas untuk berpartisipasi aktif dalam mengembangkan pariwisata kreatif di kawasan Kota Tua Jakarta. Dukungan ini dapat menyelamatkan Kota Tua dari kemunduran kota, memaksimalkan potensi kreatif, dan menghidupkan Kota Tua, sehingga memberi pengalaman berwisata yang lebih intens bagi pengunjung sesuai dengan konsep pariwisata kreatif.

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“…About one-quarter of the 39,000 private buildings in the city are dilapidated to various degrees (Housing, Planning and Lands Bureau, 2005). A wave of building dilapidation sooner or later results in urban decay, which has been a major eyesore in many well-developed cities (De Kleijn, 1986;Andersen, 1995). In light of the negative externalities brought about by building dilapidation (e.g., public health and safety hazards), urban renewal or regeneration is thus required to tackle the problem.…”

Section: Introductionmentioning

confidence: 99%

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

Yau¹

2011

Urbani izziv

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Explanations of decay and renewal in the housing market: What can Europe learn from American research?

Cited by 17 publications

References 20 publications

An empirical study on the positive externality of building refurbishment

An empirical study on the positive externality of building refurbishment

Pembangunan Inklusif Di Urban Heritage Kota Tua Jakarta Melalui Pariwisata Kreatif

Does comprehensive redevelopment change the housing price gradient? A case study in Mongkok, Hong Kong

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