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

Author

Listed:
  • Xiaoyong Yin

    (School of Architecture, Tsinghua University, Beijing 100084, China
    These authors contributed equally to this work.)

  • Yiming Tang

    (Guangzhou Urban Planning and Design Survey Research Institute Co., Ltd., Guangzhou 510060, China
    These authors contributed equally to this work.)

  • 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)

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.

Suggested Citation

  • Xiaoyong Yin & Yiming Tang & Lei Yuan & Yongjun Ai & Yan Tang, 2024. "Spatial Assets Value Extraction and Integrated Utilization of Old Communities: Case of Central Guangzhou, China," Land, MDPI, vol. 13(11), pages 1-19, October.
    • Handle: RePEc:gam:jlands:v:13:y:2024:i:11:p:1781-:d:1509895
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    References listed on IDEAS

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