Research Article

Evaluation on Site Selection of Urban Renewal Projects from the Perspective of Space Benefit: Macau Special Administrative Region as an Example

Table 3

Macau Urban Renewal Socioeconomic Data.

Criterion layerIndicator layerFuning BuildingHyde BuildingMing Hing BuildingJu Fu Garden

Economic and social investmentConstruction renewal investment (10,000 mop)1120190012251080
Proportion of owners agreeing (%)10085100100

Economic and social outputPrice after renovation (per sq ft/10,000 mop)1.630.950.720.53
Retrofit time (year)4.5554
Building area after renovation (m2)3284.471716.92617.02753.17
Proportion of public service area4.78440.000016.73313.7636

Space income created by funds (m2)2.93260.90360.50370.6974

Space revenue created by time (m2)729.882343.384123.404188.2925

Note. The proportion of owners agreeing to the renovation is based on the first vote. Source: the official websites of the Macau Statistics and Census Bureau and the Macau Cadastral Bureau, etc.