Spatial Assets Value Extraction and Integrated Utilization of Old Communities: Case of Central Guangzhou, China

Xiaoyong Yin, Yiming Tang, Lei Yuan, Yongjun Ai and Yan Tang ()
Additional contact information
Xiaoyong Yin: School of Architecture, Tsinghua University, Beijing 100084, China
Yiming Tang: Guangzhou Urban Planning and Design Survey Research Institute Co., Ltd., Guangzhou 510060, China
Lei Yuan: Guangzhou Urban Planning and Design Survey Research Institute Co., Ltd., Guangzhou 510060, China
Yongjun Ai: Guangzhou Urban Planning and Design Survey Research Institute Co., Ltd., Guangzhou 510060, China
Yan Tang: School of Architecture, Tsinghua University, Beijing 100084, China

Land, 2024, vol. 13, issue 11, 1-19

Abstract: Extracting the economic value by the integrated utilization of space in old communities is crucial for encouraging independent participation from enterprises and residents, reducing reliance on government leadership and fiscal investment. This study starts from the active perspective of spatial assets and constructs a value activation framework for old communities by balancing “endogenous demand” and “exogenous opportunities”. By enhancing the “economic value” through the “use value”, five methods for value extraction and overall project utilization paths are proposed, guided by a dynamic “cost-revenue” balance. Using multi-source data, we identify the spatial assets of 1096 old communities in central Guangzhou and apply a market comparison method for an economic value assessment. Additionally, this study offers recommendations on the timing and project portfolios for regeneration efforts, along with strategies for establishing a coordinating implementation entity and fund account. This research provides strategic insights for advancing the regeneration of old communities by tapping into their macro-level economic potential.

Keywords: old communities; spatial assets; value extraction; integrated utilization; Guangzhou; China (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2073-445X/13/11/1781/pdf (application/pdf)
https://www.mdpi.com/2073-445X/13/11/1781/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jlands:v:13:y:2024:i:11:p:1781-:d:1509895

Access Statistics for this article

Land is currently edited by Ms. Carol Ma

More articles in Land from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().