Long-term land leaseholds are contracts that contain within them a redevelopment option. The structure of the contract … redevelopment decision by lessees in alternative contracts. We consider a contract similar to ‘perpetual usufruct,’ the public … lease in which extension is automatic if redevelopment occurs. Our research suggests that the system of perpetual usufruct …

leasehold also increases the intensityof redevelopment but results in earlier redevelopment. Also, we find that a more … realisticescalation clause causes redevelopment to occur sooner but at similar density. …

This paper reviews the urban redevelopment activities in Shanghai as the land market reforms were introduced. We focus … redevelopment were supplied by individual districts in the city. But the need for districts to pay for the resettlement of displaced … residents contributed to a spatial mismatch between the supply of redevelopment sites and the market demand for commercial real …

Hong Kong's and London's urban (re)development projects. ANOVA was adopted to compare the perception patterns in both …/value – This article adds to the limited literature in this area and will be of interest to those involved in urban redevelopment …