HONG KONG NEEDS REGENERATED DISTRICTS, NOT PIECEMEAL RENEWAL

Hong Kong’s redevelopment policy is approaching an institutional turning point. Recent government proposals – pilot schemes for additional plot ratios and cross-district plot ratio transfers – are presented as new instruments to stimulate redevelopment in ageing districts.

News - South China Morning Post reports that hong Kong’s redevelopment policy is approaching an institutional turning point.

The report adds: Recent government proposals – pilot schemes for additional plot ratios and cross-district plot ratio transfers – are presented as new instruments to stimulate redevelopment in ageing districts.

Yet they extend the same paradigm that shaped policy for decades: incentivising redevelopment through floor-area bonuses, relying on land premium as the financial logic and assuming more buildable area will…

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