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RAYMOND J. CHETTI
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2/19/2014
February 2014
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Urban Planning
by
Raymond Chetti
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Hong Kong government considers plan to cram in more people
From
www.scmp.com
-
Today, 4:35 PM
Proposal involves raising density levels by 20pc in some areas, which would be above the maximum allowed in many major world cities
Raymond Chetti
's insight:
- Hong Kong's ratio is similar to that of New York's downtown district, which has a floor area ratio of between six to 10 times Singapore, a long-time rival of Hong Kong for attracting businesses, has a low plot ratio of 2.2 to four times. Question: How can Hong Kong city support additional density with its already crowded and cramped public transit system?
Opening of "Sinchon Yonsei-ro," Seoul's First Transit Mall
From
english.seoul.go.kr
-
Today, 4:28 PM
Raymond Chetti
's insight:
A step in the right direction for #Seoul's #urbanplanning initiatives - the pedestrianization of a neighborhood that was once overridden with vehicular traffic.
In Vietnam's capital, old town braces for makeover
From
www.seattlepi.com
-
Today, 4:32 PM
HANOI, Vietnam (AP) â€" Tourists, hawkers and motorcyclists rub shoulders every morning in the congested alleyways of Hanoi's low-rise Old Quarter, which seems generations away from the office towers and electronics megastores springing up in other parts of the capital. The quarter's street grid, laid out in the 15th century, is still dominated by dilapidated shops selling everything from brass gongs to bamboo scaffolding. The 82-hectare (203-acre) downtown area is crammed with Buddhist temples, pagodas and French colonial shophouses, whose original tiles and peeling yellow paint have become a draw for foreign visitors. Vu Thi Hong, an official with the Hanoi government's Old Quarter Housing Relocation Project, said the main goal of the planned relocations is to reduce population density while preserving cultural heritage. In Hanoi's real-estate market, the average transaction price at Old Quarter properties is currently between $12,500 and $15,000 per square meter, according to Nguyen Son, a property agent in Hanoi. "The project will help to make the Old Quarter prettier, improve its residents' living standards and lure more foreign tourists," Tao said.
Raymond Chetti
's insight:
- Gov't wants to gentrify Old Quarter by relocating 6,200 households in 2014 (urban renewal). - Old Quarter current has 66,000 people (pop density of 823 per hectare). - Current transaction prices are US$12,500 - US$15,000 per sm in the Old Quarter. This exceeds the US$9,337 per sm paid for at luxury properties in Shanghai. - Will urban renewal displace residents and destroy existing communities?
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About Me
My primary interest lies within our built environments and how to better improve them. This newsletter will primarily focus on urban planning news from around the world.
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