Property-led redevelopment in post-reform China: a case study of Xintiandi redevelopment project in Shanghai
Property-led redevelopment in post-reform China: a case study of Xintiandi redevelopment project in Shanghai
Urban redevelopment in China has experienced great transformation. Governmentbacked redevelopment has been replaced by privately funded and propertyled redevelopment. This article discerns the impetus of ongoing propertyled redevelopment. A case study of the Xintiandi project in Shanghai reveals how propertyled redevelopment actually works. Progrowth coalitions between local government and developers are formed. Despite its role as capital provider, the private sector is still regulated by the government due to its negligible influence on local governance. The government controls the direction and pace of urban redevelopment through policy intervention, financial leverages, and governance of land leasing. Propertyled redevelopment is driven by diverse motivations of different levels of the government, e.g. transforming urban land use functions, showing off the entrepreneurial capability of local government, and maximizing negotiated land benefits. Driven by profit seeking, some thriving urban neighborhoods are displaced by highvalue property development, and suffer from uneven redevelopment.
1-23
He, S.J.
171e935e-e540-4047-8bf7-8e5d8305ce26
Wu, F.
8e851da7-93c0-4ba2-a5ae-8a4cf0779895
2005
He, S.J.
171e935e-e540-4047-8bf7-8e5d8305ce26
Wu, F.
8e851da7-93c0-4ba2-a5ae-8a4cf0779895
He, S.J. and Wu, F.
(2005)
Property-led redevelopment in post-reform China: a case study of Xintiandi redevelopment project in Shanghai.
Journal of Urban Affairs, 27 (1), .
(doi:10.1111/j.0735-2166.2005.00222.x).
Abstract
Urban redevelopment in China has experienced great transformation. Governmentbacked redevelopment has been replaced by privately funded and propertyled redevelopment. This article discerns the impetus of ongoing propertyled redevelopment. A case study of the Xintiandi project in Shanghai reveals how propertyled redevelopment actually works. Progrowth coalitions between local government and developers are formed. Despite its role as capital provider, the private sector is still regulated by the government due to its negligible influence on local governance. The government controls the direction and pace of urban redevelopment through policy intervention, financial leverages, and governance of land leasing. Propertyled redevelopment is driven by diverse motivations of different levels of the government, e.g. transforming urban land use functions, showing off the entrepreneurial capability of local government, and maximizing negotiated land benefits. Driven by profit seeking, some thriving urban neighborhoods are displaced by highvalue property development, and suffer from uneven redevelopment.
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Published date: 2005
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Local EPrints ID: 15902
URI: http://eprints.soton.ac.uk/id/eprint/15902
ISSN: 0735-2166
PURE UUID: 93d45827-3fc3-46ae-8e48-8d1e003ae4ec
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Date deposited: 13 Jun 2005
Last modified: 15 Mar 2024 05:44
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Author:
S.J. He
Author:
F. Wu
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