Renovation of Collective Rental Housing in Shenzhen's Urban Villages: Model, Resident Satisfaction, and Implications-A Case Study of Yuanfen New Village in Shenzhen City

Abstract

To deeply analyze the specific renovation models used in the collective rental housing renovation projects in urban villages, along with the residents' satisfaction post- renovation, and to extract related insights, this study adopted field survey and literature review methods to comprehensively organize and identify the renovation models of collective rental housing in urban villages. Moreover, this research employed two quantitative methods: Factor analysis and structural equation modeling. By selecting yuanfen new village in shenzhen city as a case study, it conducted an empirical investigation into the factors affecting the residents' satisfaction with the renovation of collective rental housing in urban villages. The results indicated that the influencing factors are divided into three categories: Fairness in procedures and policy planning, economic benefits and repair compensations, and historical culture and community cohesion. All these factors significantly positively impact residents' satisfaction. Based on these findings, the study suggests that the government should ensure fairness, justice, and transparency in the decision-making process of the collective rental housing renovation projects, establish reasonable compensation mechanisms to balance economic interests, protect cultural heritage, and enhance community identity and cohesion.