Urban Renewal

-resettlement of the original residents
-pulling down of old buildings and re-building
of new buildings are very costly
-buying of property right of the buildings from individual residents
is very costly and time comsuming
-contruction works would cause air and noise pollution
-conflicts with heritage conservation activists

1.Fragmented and multi-ownership of land which hinders land acquisitionfrom landlords
2.Inadequate land resources for relocating residents and business
3.Conflicts may occur witrh resettlement of tenants
4.High financial costs are incurred when compensating relocated residents and business
5.Lack of cooperation and coordination among government institutes