Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun

There is an increasing complexity and interplay between all of the issues associated with property portfolio decisions. This paper explores the relationships between financial, environmental and social parameters associated with building adaptive reuse by way of a case study. A new model predicting...

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Main Authors: Craig Langston, Li-Yin Shen
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2007-12-01
Series:International Journal of Strategic Property Management
Subjects:
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/7110
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author Craig Langston
Li-Yin Shen
author_facet Craig Langston
Li-Yin Shen
author_sort Craig Langston
collection DOAJ
description There is an increasing complexity and interplay between all of the issues associated with property portfolio decisions. This paper explores the relationships between financial, environmental and social parameters associated with building adaptive reuse by way of a case study. A new model predicting adaptive reuse potential is applied to a heritage building in Hong Kong known as Lui Seng Chun. Such application can assist in the transformation of the building and property industry towards more sustainable practices, strategies and outcomes, by providing a means by which the industry can identify and rank existing buildings that have high potential for adaptive reuse. In Hong Kong's case it provides an ability for sustainable, responsive energy and natural resource management by allowing issues regarding excessive and inappropriate resource use to be identified and assessed, and appropriate management strategies to be implemented. Given the building's current age and condition, Lui Seng Chun has at least 25 years of physical life remaining. The further application of a multi‐criteria sustainability evaluation tool supports the conclusion that an adaptive reuse strategy for this building will make a demonstrable contribution to the economic, social and environmental amenity of Hong Kong. The application of these techniques to other buildings with significant “embedded physical life” is highly recommended. Potencialaus naudojimo modelio taikymas Honkonge: Lui Seng Chun atvejo tyrimas Santrauka Priimant sprendimus dėl nuosavybes portfelio, kyla vis sudėtingesnių ir tarpusavyje labiau susijusiu klausimu. Šiame darbe nagrinėjami ryšiai tarp finansiniu, aplinkos ir socialiniu parametru, susijusiu su pastatu naudojimu. Naujas modelis, numatantis potencialu pastatu naudojimą, taikomas Honkonge esančiam paveldo pastatui, vadinamam Lui Seng Chun. Transformuojant pastatu ir nuosavybes industrija, kai siekiama darnesniu praktikos, strategijų ir rezultatu, šis modelis gali būti naudingas, nes suteiks priemonių, padėsiančių identifikuoti ir klasifikuoti tuos pastatus, kuriu naudojimo potencialas didelis. Honkongo atveju tai galimybe imtis darnaus, atsakingo energijos ir gamtiniu išteklių valdymo, nes galima nustatyti ir įvertinti besaikio bei netinkamo išteklių naudojimo problemas ir įdiegti reikiamas vadybos strategijas. Atsižvelgiant į pastato amžių ir būkle, Lui Seng Chunfiziškai dar gali gyvuoti bent 25 metus. Toliau naudojamas daugiakriterinio darnos vertinimo įrankis patvirtina išvada, kad naudojimo strategija šiame pastate nemenkai prisidės prie viso Honkongo ekonominio, socialinio ir aplinkos patrauklumo. Rekomenduojama taikyti šiuos metodus kitiems pastatams valdyti, kuriu likusi naudojimo trukme dar yra netrumpa. First published online: 18 Oct 2010
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spelling doaj.art-2e63a703fed84808b3f9f2ccc9d4fd1c2022-12-21T20:48:22ZengVilnius Gediminas Technical UniversityInternational Journal of Strategic Property Management1648-715X1648-91792007-12-01114Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng ChunCraig Langston0Li-Yin Shen1Visiting Professor, Department of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong SAR, ChinaDepartment of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong SAR, ChinaThere is an increasing complexity and interplay between all of the issues associated with property portfolio decisions. This paper explores the relationships between financial, environmental and social parameters associated with building adaptive reuse by way of a case study. A new model predicting adaptive reuse potential is applied to a heritage building in Hong Kong known as Lui Seng Chun. Such application can assist in the transformation of the building and property industry towards more sustainable practices, strategies and outcomes, by providing a means by which the industry can identify and rank existing buildings that have high potential for adaptive reuse. In Hong Kong's case it provides an ability for sustainable, responsive energy and natural resource management by allowing issues regarding excessive and inappropriate resource use to be identified and assessed, and appropriate management strategies to be implemented. Given the building's current age and condition, Lui Seng Chun has at least 25 years of physical life remaining. The further application of a multi‐criteria sustainability evaluation tool supports the conclusion that an adaptive reuse strategy for this building will make a demonstrable contribution to the economic, social and environmental amenity of Hong Kong. The application of these techniques to other buildings with significant “embedded physical life” is highly recommended. Potencialaus naudojimo modelio taikymas Honkonge: Lui Seng Chun atvejo tyrimas Santrauka Priimant sprendimus dėl nuosavybes portfelio, kyla vis sudėtingesnių ir tarpusavyje labiau susijusiu klausimu. Šiame darbe nagrinėjami ryšiai tarp finansiniu, aplinkos ir socialiniu parametru, susijusiu su pastatu naudojimu. Naujas modelis, numatantis potencialu pastatu naudojimą, taikomas Honkonge esančiam paveldo pastatui, vadinamam Lui Seng Chun. Transformuojant pastatu ir nuosavybes industrija, kai siekiama darnesniu praktikos, strategijų ir rezultatu, šis modelis gali būti naudingas, nes suteiks priemonių, padėsiančių identifikuoti ir klasifikuoti tuos pastatus, kuriu naudojimo potencialas didelis. Honkongo atveju tai galimybe imtis darnaus, atsakingo energijos ir gamtiniu išteklių valdymo, nes galima nustatyti ir įvertinti besaikio bei netinkamo išteklių naudojimo problemas ir įdiegti reikiamas vadybos strategijas. Atsižvelgiant į pastato amžių ir būkle, Lui Seng Chunfiziškai dar gali gyvuoti bent 25 metus. Toliau naudojamas daugiakriterinio darnos vertinimo įrankis patvirtina išvada, kad naudojimo strategija šiame pastate nemenkai prisidės prie viso Honkongo ekonominio, socialinio ir aplinkos patrauklumo. Rekomenduojama taikyti šiuos metodus kitiems pastatams valdyti, kuriu likusi naudojimo trukme dar yra netrumpa. First published online: 18 Oct 2010https://journals.vgtu.lt/index.php/IJSPM/article/view/7110Adaptive reuseSustainabilityPreservationHeritageMulti‐criteria analysis
spellingShingle Craig Langston
Li-Yin Shen
Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
International Journal of Strategic Property Management
Adaptive reuse
Sustainability
Preservation
Heritage
Multi‐criteria analysis
title Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
title_full Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
title_fullStr Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
title_full_unstemmed Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
title_short Application of the adaptive reuse potential model in Hong Kong: A case study of Lui Seng Chun
title_sort application of the adaptive reuse potential model in hong kong a case study of lui seng chun
topic Adaptive reuse
Sustainability
Preservation
Heritage
Multi‐criteria analysis
url https://journals.vgtu.lt/index.php/IJSPM/article/view/7110
work_keys_str_mv AT craiglangston applicationoftheadaptivereusepotentialmodelinhongkongacasestudyofluisengchun
AT liyinshen applicationoftheadaptivereusepotentialmodelinhongkongacasestudyofluisengchun