Determining critical success factors for residential reconstruction in the urban city from the perspective of developers

Urban renewal involves various stakeholders holding different expectations during transformation and development. Residents usually envision improved living conditions, whereas developers devote their efforts to land use integration in anticipation of receiving a fair share of profits. In this study, to investigate factors affecting the success of urban renewal projects, we analyzed both complete and ongoing development projects on the basis of theoretical foundations established in the relevant literature. Analytic hierarchy process (AHP) and importance-performance analysis (IPA) were used to explore the relationship among the occurrence frequencies, weights of factors, and cumulative construction cost ratios. The results indicate that the land integration process is crucial to the success of urban renewal projects. Developers must be aware of the importance of (1) resident approval rates of >90 %, (2) the complexity of ownership (integrating both private and public ownership), (3) environmental friendliness, (4) high bulk rewards, (5) the duration of case reviews, and (6) employing their professional skills to provide residents with a vision of their community after renewal; attention to these factors can increase resident approval rates. Nevertheless, urban renewal relies on the assistance of government agencies and can succeed only when the government, developers, and landowners cooperate. Herein, we discuss critical success factors (CSFs) for urban renewal from the developers' perspective. When developers successfully assist residents in maximizing the benefits they can receive from residential redevelopment, they can gain valuable experience and skills to apply in future cases, continuing to further the goal of urban renewal.