Conclusion on an evaluation of the effectiveness of urban renewal under Urban Renewal Authority(Chapter 8)

        In a nutshell, labeled with a global city, Hong Kong is guided by a renewal strategy, i.e., "build hyper buildings and create iconic landmarks” initiated by Urban Renewal Authority in post-colonial urban spectacles’ expression. However, either iconic landmarks or hyper buildings are shown in the master plan of URA is merely capital flow’s reflex to land developers from the middle class that reshapes urban morphology for economic and political ends (Ong 2001). URA-led redevelopment, to put it bluntly, is  not a face-lift neighborhood; actually, it is profitable gentrification redevelopment regime has driven. The typical case of Kwun Tong Town Center Project represents a transformation to neighborhood gentrification from urban redevelopment; that is briefly discussed in this paper.

        Furthermore, the research has revealed that most of the urban renewal’s challenges arise from the changing and diverse attitudes of people towards urban renewal’s different approaches. Also, the impact of urban renewal is significant on the livelihood and even way of life of people. The financial implications of urban renewal to a different class of people being affected vary person to person. The difference is meaningful regarding the end of business for some operators and the millions of dollars to some stakeholders. Desk study, case-studies, questionnaire, and semi-structured interviews have been the core components of the research. These components have revealed that overall URA is operating sustainably and Kwun Tong Town Centre project is a milestone in the history of Hong Kong.