Reported about 1 year ago
A report by journalists Lin Jiawen, Li Chengyin, Yang Zhenghai, and Qiu Shuyu reveals that from central government to local authorities, the continuous relaxation or incentives in building density have accelerated urban renewal efforts, aiming to incentivize agreement between residents and developers. However, officials leading the renewal projects warn that excessive incentives in building density may mislead residents into thinking it is a 'gift' from the government, leading to difficulties in communication with developers. This situation has deterred progress and may potentially turn the incentives into a detriment rather than a solution. Suggestions to expedite renewal and revise building density policies have been proposed, emphasizing the need to reevaluate the demand for building density amidst declining populations. The over-reliance on density incentives has caused delays in the market, making it harder for developers to engage with residents on renewal projects.
Source: YAHOO