Housing Development and Redevelopment in Hong Kong

Abstract

Redevelopment, in essence, is good as it can renew specific urban areas and bring new energy into the city. But what people tend to forget in the aftermath of the redevelopment of residential estates often tends to be quite grim, considering the residents that will likely be relocated and their neighbourhood gentrified, directly and indirectly. Therefore, redevelopment can be seen as a double-edged sword. It will better the city landscape and generally increase the housing stock while dissatisfying some affected individuals.