The problems of building dilapidation in Hong Kong are growing rapidly, so building rehabilitation has become a matter of great urgency. To tackle this problem, a maintenance reserve should be established in each multi-ownership building. Yet, difficulties may arise in raising money for such a reserve for many buildings, so this paper proposes to use the concept of transferable development rights to ease the cash flow hitch.
|Number of pages||12|
|Journal||International Journal for Housing Science and Its Applications|
|Publication status||Published - 2008|
- Built environment
- Cost modeling