Incentive-based Regeneration of Traditional Blocks in China: FAR Incentives for Quality and Equity

Description

Urban regeneration is in a critical moment to explore a new mechanism with both high quality and effective implementation. The priority over asset exchange value should shift to use value via quality and functional optimisation inclusive to different urban users and syncretic to history and modernity. This research aims to examine influential factors and barriers for low-cost and enforceable planning incentives for regeneration of traditional blocks and puts forward institutional rearrangements and technological advancement contributing to the balance of quality and equity in Chinese context. It employs theories and approaches of institutional analysis and transaction costs, based on comparative studies of international and domestic cases with visualization on complex relations and cause-effects by cognitive mapping, it conceptualizes the suitability, efficacy and limitations of FAR incentives, and institutions for effective motivation, viability evaluation and quality management.   

Period	1 Jun 2023
Degree of Recognition	International