Factors Influencing the Project Duration of Urban Village Redevelopment in Contemporary China

Abstract

Project duration is one of the methods to measure the efficiency of project implementation. This study identifies the factors influencing the project duration of urban village redevelopment projects (UVRPs) in China. Based on the theory of new institutional economics and behavioral economics, this study develops three hypotheses regarding the causal relationship between institutional arrangement and project duration. Statistical analysis of data on 439 UVRPs collected from seven Chinese cities revealed that projects implemented through top-down institutional arrangements were more likely to take a long time than those implemented through bottom-up institutional arrangements. Projects implemented through top-down and government funding were more efficient than those implemented through top-down and villager funding. For bottom-up projects, there was no conclusion about whether village funding or private developer funding led to shorter project duration. Other determinants, including city, project attributes and initiation year, number of households involved, size of temporary relocation fee, and methods of selecting relocated housing, calculating temporary relocation fee and calculating relocation area influenced project duration.

Influential Factors and Geographical Differences in the Redevelopment Willingness of Urban Villagers: A Case Study of Guangzhou, China

“…Based on commercial housing price data from a real estate website (https://house.focus.cn), we mark 1518 geographical points in Guangzhou and their corresponding housing prices in GIS and find that housing prices decline rapidly from the city center (Pearl River New Town) to the peripheral urban area. In the context of urban village redevelopment, the value of the villagers' properties, the villagers' rental income, and changes in wealth vary dramatically depending on geographical location [37], which may further influence villagers' subjective expectations of redevelopment. It is important, therefore, to determine whether the geographical location (i.e., distance from the city center) of villages has systematic effects on the redevelopment willingness of villagers.…”

The Small Property Rights Housing Institution in Mainland China: The Perspective of Substitutability of Institutional Functions

“…Due to the lack of corresponding restrictions and management, there are also some disadvantages of SPRH, such as security risks, poor public facilities, extra-legal transactions, and damage to the order of the housing market [4]. However, under the government's strict prohibition and compulsory demolition measures, SPRH still exists in various urban villages, which takes significant time to redevelop [5]. The credibility thesis, which argues that form follows function, offers an explanatory framework for the Land 2021, 10, 915 2 of 19 persistence of SPRH.…”