Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 109-120 |
| Number of pages | 12 |
| Journal | International Journal for Housing Science and Its Applications |
| Volume | 32 |
| Issue number | 2 |
| Publication status | Published - 2008 |
| Externally published | Yes |
Keywords
- Built environment
- Cost modeling
- Maintenance