A Framework for Sustainable Property Value Preservation in Urban Redevelopment

Thesis Abstract

Urban redevelopment initiatives often risk undermining long-term property values due to inadequate frameworks that address sustainability, leading to declining investment confidence and socio-economic instability within cities. This study seeks to develop a comprehensive framework for sustainable property value preservation amid urban redevelopment activities, by integrating economic, environmental, social, and institutional dimensions. The primary aim is to identify critical drivers and barriers to maintaining property values during and after redevelopment projects, and to formulate a structured, evidence-based framework that stakeholders can adopt to promote sustainable urban regeneration. The specific objectives include (1) to examine existing models and theories related to property value preservation and urban redevelopment; (2) to empirically assess the influence of key factors such as planning policies, environmental quality, infrastructure developments, and community engagement on property value trajectories; (3) to identify contextual variables moderating these relationships; and (4) to construct and validate a conceptual framework outlining best practices for sustainable property preservation in urban redevelopment contexts. Methodologically, the study adopts a mixed-methods convergent design, combining qualitative and quantitative approaches to enhance robustness. The research population comprises property developers, urban planners, local government officials, and residents within a metropolitan city with ongoing redevelopment projects, totaling approximately 500 stakeholders. A stratified random sampling technique is used to select 200 participants, ensuring representativeness across stakeholder groups. Data collection instruments include structured questionnaires, semi-structured interview guides, and review checklists for policy documents. Quantitative data from questionnaires will be analyzed using multiple regression analysis to identify significant predictors of property value stability, whereas thematic analysis will be employed to interpret qualitative interview data, providing contextual insights into stakeholder perceptions and experiences. The study hypothesizes that integrated planning, environmental sustainability measures, community involvement, and institutional support positively influence property value preservation during urban redevelopment. It is expected that regression analyses will reveal significant relationships between these variables and property value outcomes, while thematic analysis will uncover contextual barriers and enablers shaping these dynamics. The expected outcome is a validated, practically applicable framework that consolidates identified best practices and strategic policies for sustainable property value management. By bridging theoretical insights and empirical evidence, this research advances knowledge on sustainable urban property management, particularly by integrating theories such as the Property Capitalization Theory and New Urbanism principles into a cohesive model. It addresses gaps in the literature concerning the contextual application of sustainability principles in property value preservation during redevelopment processes and offers a comprehensive, stakeholder-informed framework tailored to evolving urban landscapes. The study’s main conclusion emphasizes the importance of a holistic, multi-stakeholder approach to urban redevelopment, where sustainability considerations are embedded from planning to post-project phases. Recommendations include the adoption of integrated policy frameworks, enhanced community engagement strategies, and sustainable environmental practices within redevelopment projects. It also advocates for further research to test the applicability of the proposed framework in different city typologies and socio-economic contexts, to ensure its broader relevance and effectiveness in fostering resilient, sustainable urban environments.