Redevelopment of Industrial Land

As the first Special Economic Zone in China, the development of Shenzhen keeps implementing new thoughts and providing mature experience for other cities. Prior to others, Shenzhen has already stepped into the dilemma of land supply shortage. Also a city wide industrial upgrading is necessary in order to keep its economic growth. Redevelopment is a solution Shenzhen government proposed in order to relieve the land supply pressure. In the past ten years two redevelopment policy have been applied to the redevelopment. The Interim Provisions provides guidance to redevelopment projects between 2004 and 2009 while at the same time created hardships for government, developers and land owners. Being seen as a solution, the Renewal Methods was unveiled in 2009. Since land owners become the applicants for redevelopment and government take the responsibility reviewing application, it relieves the hardship that the Interim Provisions created. By comparing two industrial land redevelopment projects, these two policies advantages and limitations and their relationship with private development will be discussed. It is evident that these two process complement each other. But some issues still remain unsolved after the selective use of the redevelopment policy.