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Article: Sustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution
Title | Sustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution |
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Authors | |
Keywords | Coase theorem Heritage conservation Museum Real estate revolution Urban renewal |
Issue Date | 2019 |
Publisher | MDPI. 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? |
Abstract | A 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 Identifier | http://hdl.handle.net/10722/272327 |
ISSN | 2023 Impact Factor: 3.3 2023 SCImago Journal Rankings: 0.672 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Lai, LWC | - |
dc.contributor.author | Lorne, FT | - |
dc.date.accessioned | 2019-07-20T10:40:08Z | - |
dc.date.available | 2019-07-20T10:40:08Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Sustainability, 2019, v. 11 n. 3, article no. 850 | - |
dc.identifier.issn | 2071-1050 | - |
dc.identifier.uri | http://hdl.handle.net/10722/272327 | - |
dc.description.abstract | A 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.language | eng | - |
dc.publisher | MDPI. The Journal's web site is located at http://www.mdpi.com/journal/sustainability | - |
dc.relation.ispartof | Sustainability | - |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.subject | Coase theorem | - |
dc.subject | Heritage conservation | - |
dc.subject | Museum | - |
dc.subject | Real estate revolution | - |
dc.subject | Urban renewal | - |
dc.title | Sustainable Urban Renewal and Built Heritage Conservation in a Global Real Estate Revolution | - |
dc.type | Article | - |
dc.identifier.email | Lai, LWC: wclai@hku.hk | - |
dc.identifier.authority | Lai, LWC=rp01004 | - |
dc.description.nature | published_or_final_version | - |
dc.identifier.doi | 10.3390/su11030850 | - |
dc.identifier.scopus | eid_2-s2.0-85061184601 | - |
dc.identifier.hkuros | 298929 | - |
dc.identifier.volume | 11 | - |
dc.identifier.issue | 3 | - |
dc.identifier.spage | article no. 850 | - |
dc.identifier.epage | article no. 850 | - |
dc.identifier.isi | WOS:000458929500295 | - |
dc.publisher.place | Basel, Switzerland | - |
dc.identifier.issnl | 2071-1050 | - |