Urban Renewal

Many well developed cities are also facing the same problem - the inner city become old and full dilapidated buildings.

 

There are two ways to renew these type of building: 1.  Rehabilitation of dilapidated buildings to prevent urban decay, these can maintain and restore the buildings which have the historical and architectural value, and to sustain local characteristics; 2. Demolish the whole building and rebuild it.

Most of the cities are willing to use the second method because it can save the maintenance cost of the old building and also can release the plot ratio for the building. It can create more economic benefit. Moreover, the whole city will have the new look and become more attractive.  However, this method will cause the whole city lost many historical building and collective memory. Therefore, when renew the city, the developer should consider about the historical value of the building, not just the economic value.


Reference:
http://www.ura.org.hk/en/about-ura/vision-mission-and-values.aspx