REFORMING URBAN RENEWAL POLICY OF HONG KONG: NEW THINKING, NEW TRENDSAND NEW CHALLENGES
A new way of thinking in urban renewal,together with a set of new policy trends, is promotedin Hong Kong in recent years as a result of the failureof the old urban renewal policy framework whichwas characterized by a fully market-led mechanism,commercialized operation and serious neglect of thesocial dimension of urban renewal. Three key ele-ments can be identified from the new policyframework: the increasing involvement and commit-ments of the public sector in urban renewal, the advo-cacy of a multi-dimensional goal-oriented urban re-newal ideology, and the emphasis on a people-oriented, holistic approach to urban renewal. Withthe constraints of complex socio-economic contextand less-cohesive governing structure, however, thenew policy has yet to demonstrate effectiveness inachieving its ultimate goal and objectives. It is arguedthat the so-called new thinking is currently still asymbolic rhetoric rather than a fundamental systemictransformation.