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 layer
Indicator layer
Funing Building
Hyde Building
Ming Hing Building
Ju Fu Garden
Economic and social investment
Construction renewal investment (10,000 mop)
1120
1900
1225
1080
Proportion of owners agreeing (%)
100
85
100
100
Economic and social output
Price after renovation (per sq ft/10,000 mop)
1.63
0.95
0.72
0.53
Retrofit time (year)
4.5
5
5
4
Building area after renovation (m2)
3284.47
1716.92
617.02
753.17
Proportion of public service area
4.7844
0.0000
16.7331
3.7636
Space income created by funds (m2)
2.9326
0.9036
0.5037
0.6974
Space revenue created by time (m2)
729.882
343.384
123.404
188.2925
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.