The Value of Urban Villages

US American real estate developers chant, “location, location, location.” In Shenzhen, primary locations open for development are actually urban villages slated for old village renovation — redevelopments that involve the final transfer of village held property to the Municipality.

In a Jingbao article on the future of Nanshan District, Li Xiaogan, recently appointed Nanshan District Secretary, noted for example, “In constructing a global district and promoting urban renovation, Nanshan District will have several advantages over the next few years. First, the largest urban renovation project in Guangdong Province – Dachong Urban Village, with a total project area of 683,000 square meters; second, the urban renovation project for the five villages of Baishizhou in Shahe, which is currently being planned, also has an area of over 650,000 square meters, and is again one of the largest in the Province; third, located in the north of the District, the three Shuiyuan villages are within the water conservation and ecological conservation red lines, and are thus relatively backward, however, they are also now in the planning stage of development; forth, the old Xili Market, which we are planning to convert to an urban complex; fifth, the banks of the Shahe River, where we will take international bids to create an ecological cultural corridor, and; six, Nanshan Old City, which with everyone’s support we hope to return to its status as Shenzhen’s historical and cultural root, by resituating all residents and completely rebuilding.”

Recent impressions of Baishizhou, below:

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