Research On Investment Income Of Urban Renewal Project In Old Housing Area Of Fuzhou

The report to the 20th National Congress of the Communist Party of China calls for the implementation of urban renewal actions,strengthening the construction of urban public infrastructure,and building modern cities that are livable,resilient and smart.In the urban renewal action of Fuzhou City,urban renewal of old housing areas is an effective way to revitalize stock,improve land efficiency and optimize urban functions.The investment income of urban renewal projects in old housing areas is an important basis for the government to decide whether to launch urban renewal projects or not.Investment income is not only related to the smooth progress of urban renewal projects,but also to maximize the limited land resources.It is also related to whether we can improve the living environment in the areas where people live and improve their life happiness index.Therefore,the research on investment income of urban renewal projects in old housing areas of Fuzhou city has reference and practical significance.Firstly,this paper analyzes the investment and income composition of urban renewal projects in the old housing areas of Fuzhou City in detail and forms the investment and income composition table.Secondly,based on the example of Liming Village,it analyzes the detailed planning of Liming Village project control,the total built-up area,the land use,the buildable built-up area,etc.,and summarizes and refines the basic data for calculation.Third,the investment cost and project income data of Liming Village are respectively formed by using the investment income composition table.The investment cost data is formed by combining the demolition compensation standard of Liming Village project,and the project income data is formed by referring to the floor value of the residential and commercial land transfer around Liming village.Fourthly,economic evaluation of Liming Village project is carried out by using the composition of project cash inflow and cash outflow,net present value method,internal rate of return method and discounted payback period method.Finally,it analyzes the five key elements to control the cost and the six key parts to improve the project income.Through economic evaluation and analysis,the measures and suggestions are as follows: pay attention to the work of site survey,commission survey to Tamp down the area of right confirmation,eliminate the area without property rights and the area of illegal construction;According to the commercial housing sales market to consider the overall evaluation of location;control the area by the number of expropriated households;increase the proportion of monetary resettlement,reduce the proportion of physical resettlement;The construction cost of public infrastructure land shall be included in the scope of financial contribution.Through the economic evaluation and analysis of the measures to improve the project income and recommendations are as follows: control the housing buy-back payment cycle,improve the quality of commercial housing in urban renewal areas,and then improve the sale of floor price;To increase the developable land area of old housing areas,especially residential and commercial land;to increase the plot ratio of developable land area,and to increase the development intensity of residential and commercial land parcels;and according to the housing stock pool of the MHA,providing the right amount of housing can effectively improve the project income;balance the surrounding projects;and authorized asset operations and tax rebates.