Abstract
This chapter searches for a solution to protect Beijing’s courtyard houses and its Old City. It begins with an economic analysis of the redevelopment projects in the Old City, and then analyzes the conflict between the protection of the Old City and the keen competition for land in the old city proper. It is argued that Beijing’s current monocentric urban structure has aggravated the difficulties of protecting the courtyard house and its Old City, and the fundamental solution would be to replace its monocentric urban structure by a polycentric one.
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Notes
- 1.
In order to simplify the analysis here, it is supposed that the land cost does not change with the increase in FAR. However, after Beijing adopted the benchmark land price system in 1993, land costs have changed with changes in FAR. This situation will be discussed later.
- 2.
In 2002, Beijing’s benchmark land price system was revised for the first time. The land rent for each “Land Sort” was almost the same as it was in 1993, the land areas with higher “Land Rent” in the old city proper, however, were extended extremely. As for the reason why the “Land Rent” did not change greatly with the rapid rise of actual land prices, the government explained that the “Land Rent” set up in 1993 was some higher than the actual land transactions due to the shortage of historical transaction data when China just opened its urban land market in 1992. The most significant changes within the revised benchmark land price system in 2002, therefore, found expression in the changes in “Land Sort”, which means, along with the rapid rise of land prices, many urban areas have transferred from “Land Sort” with lower “Land Rent” to the one with higher “Land Rent”.
- 3.
Because Guanyuan project get financial support form bank, the loan interest for it is much lower than that for Xi Diaoyutai project. However, not all redevelopment projects can get this kind of support. I therefore take 200 Yuan/m2 as the loan interest into this estimation.
- 4.
The minimum time of direct sunlight on a building’s facade everyday.
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Wang, Y. (2016). Protecting Beijing’s Old City by Establishing a Polycentric Urban Structure for the City. In: A Century of Change. The Urban Book Series. Springer, Cham. https://doi.org/10.1007/978-3-319-39633-0_5
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