Fallacies and Revisions: Evaluation of Economic Benefits of Development Rights Transfer and Density Bonus -- 17th and 69th Neighborhoods in Shanghai Hongkou Historic Conservation Districts Regeneration as the Case
| dc.contributor.author | Jian, Zhou | |
| dc.contributor.author | Guangkun, Zhou | |
| dc.contributor.author | Jiaqi, Yao | |
| dc.contributor.author | Shuowei, Bian | |
| dc.date.accessioned | 2024-12-13T10:21:29Z | |
| dc.date.available | 2024-12-13T10:21:29Z | |
| dc.date.issued | 2024 | en |
| dc.description | Game changer? Planning for just and sustainable urban regions, Paris, 8-12th July 2024 | en |
| dc.description.abstract | Development rights transfer and density bonus (TDR&DB)are often vaguely and implicitly used as a financial compensation tool in historic conservation districts regeneration in Shanghai to compensate to achieve a comprehensive cost-benefit balance. However, this is a misinterpretation and deviation of the effect of TDR&DB. This paper takes the 17th and 69th neighborhoods in Hongkou District as an example, explains the constraints on the cost-benefit of the regeneration, analyzes the market mechanism of TDR&DB, and evaluates the economic benefits of TDR&DB in detail with the help of land value allocation rate method and revenue reduction method. The study concludes that: 1) local governments often have the false illusion of FAR when using TDR&DB, they should restrain their urge to increase FAR and restore the basic attributes of public interest orientation of TDR&DB. They should explore the shift from the land expropriation model to the rights conversion model to reduce the cost of urban regeneration; 2) the idea of cost-benefit balance has obscured the essence and value of TDR, the essence of the TDR is to realize the efficient utilization of overall spatial resources through the dynamic adjustment of development rights. This provides a new way for the introduction of this system into our country; 3) market players can obtain more economic benefits by using TDR&DB, and they should make more "special public contributions" for the regional development. It is suggested to introduce the concepts of "incentive coefficient" and "incentive amount" to accurately evaluate the "special public contributions"; 4) The TDR&DB should take into account their external effects on the surrounding areas, and further research should be conducted to quantify and evaluate the external effects of the receiving lots, so as to promote the practical application of TDR&DB. The above conclusions can provide useful references for constructing a sustainable urban regeneration mechanism in China. Key Words: Development rights transfer and density bonus (TDR&DB), Evaluation of Economic Benefits, Economic calculations, historic conservation districts, Market mechanism, Urban regeneration | |
| dc.description.version | published version | en |
| dc.identifier.isbn | 978-94-64981-82-7 | en |
| dc.identifier.pageNumber | 280-304 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14235/2399 | |
| dc.language.iso | English | en |
| dc.publisher | AESOP | en |
| dc.rights | openAccess | en |
| dc.rights.license | CC-BY | en |
| dc.source | Game changer? Planning for just and sustainable urban regions, Paris, 8-12th July 2024 | en |
| dc.title | Fallacies and Revisions: Evaluation of Economic Benefits of Development Rights Transfer and Density Bonus -- 17th and 69th Neighborhoods in Shanghai Hongkou Historic Conservation Districts Regeneration as the Case | |
| dc.type | conferenceObject | en |
| dc.type.version | publishedVersion | en |