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Journal of Chinese
            Architecture and Urbanism                                      Urban regeneration market mechanism research




            Table 1. The main situation of the research object
            Governance structure   Project type  Typical cases  Project features  Leading participant  Market mechanism
            Welfare         Public space projects  Micro public space,   State-owned   The government  The government
            guarantee-oriented                Chongyong Street,   property, public         coordinates the promotion
            type                           Yangmeizhuxie Street, Bajiao   service            and investment, and
                                                 New Park                                   market players implement
                              Facility projects  15 min community life circle,                  and operate
                                              Fucheng building
                            Residential projects  Guangming Building 17,   State-owned or    Government financial
                                           Guchengnanlu Community,   corporate-owned       subsidies, property owners
                                            Beixiaoyuan Community,   public housing          invest, market players
                                             Dongao Community,                               implement and operate
                                          Guanghuadongli Community
            Economic         Industrial projects  Jinnovation park, Taigu   Corporates’ private   State-owned   Multi-party market players
            growth-oriented type              west region, Meike   property land  enterprises, private   jointly invest, build, and
                                            building, Xindadu park,             enterprises       operate
                                               Beiren park, etc.
                            Residential projects  Zhenwumiao Community,   Private residences  Private enterprises  Government, market, and
                                             Jinsong Community                               residents jointly invest,
                                                                                            market players implement
                                                                                                and operate
            Integrated       Regional projects  Caixi historic area, Moshikou   Mixed property   State-owned   Government promotion
            development-oriented           historic area, Nanluoguxiang   rights, historic   enterprises  and financial subsidies,
            type                           alley, Wangfujing area, etc.  preservation needs  market players coordinate,
                                                                                            implement, and operate
                             Industrial projects  Shougang old industrial zone,   Old factory with   State-owned   Government cooperates
                                          751 park, Xidangengxin park,   large-scale  enterprises  with state-owned
                                            Zhangjiawan design town                        enterprises to promote and
                                                                                            provide public activities
                                                                                             and service functions


               14                                              district government. On this basis, the district government
                                                               balances its expenditure by holding the property rights of
               12                                              the newly built underground service facilities. According
              Number of projects  8 6                          to the introduction of government administrators, this
               10
                                                               regeneration method of  promoting  residents  to  improve
                                                               housing conditions in situ is different from the previous

                                                               avoids the path for developers to obtain profits by increasing
                2 4                                            method of relocation and resettlement in different places. It
                0                                              housing prices and can effectively save regeneration
                  Welfare guarantee-  Economic growth-  Integrated  costs. In addition, the original residents bear about 23%
                   oriented type  oriented type  development-  costs through repurchasing the rebuilt housing units and
                                               oriented type
                   Industrial  Residential  Facility  Public space  Regional  turning the former district government-owned public
                                                               property rights into private property rights, referring to the
            Figure 2. Typical urban regeneration case in Beijing. Source: Bar chart   affordable housing management system. A  resident who
            by the authors
                                                               has lived in the building for decades said that the rebuilt
            building was demolished and rebuilt from three-story to   house is “completely different” from the previous one,
            four-story  above  ground  and one-story  below  ground,   “the living area has increased a lot,” and the three major
            with the number of households remaining unchanged   problems of “difficulty in going to the toilet, bathing and
            and all residents relocated. From the perspective of   cooking” have been solved. In the process of regeneration,
            government, the municipal and district governments   the market player, Jingcheng Group, a district state-owned
            cover 78% construction costs of the project, including   enterprise belonging to the Dongcheng (Eastern) district,
            29% financial support from the municipal and district   mainly assumed the role of implementation entity to carry
            governments and 49% from the property rights owner, the   out demolition and construction, as well as the role of


            Volume 6 Issue 1 (2024)                         7                        https://doi.org/10.36922/jcau.0885
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