The Speculative City explores property speculation as a key aspect of financialization and its role in reshaping the contemporary built environment. The book offers a series of case studies that encompass a range of cities whose urban fabrics have undergone significant transformation in recent years. While the forms of these developments share many similarities, their trajectories and social outcomes were contingent upon existing planning and policy frameworks in addition to the historical roles assumed by the state and the private sector in housing and welfare provision. By paying close attention to the forces and actors involved in property development, this book underscores that the built environment has played an integral part in shaping new values and collective aspirations, while also facilitating the spread of financial logics in urban governance. The essays in this collection show that these dynamics represent a larger shift of politics and culture in the ongoing production of urban space and prompt reflections on future trajectories of finance-led property speculation.
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By attending to the divergent forces and actors involved in property development in different geopolitical contexts, The Speculative City illustrates both the novelty and historical continuity of urbanization in the twentieth-first century.
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List of Figures Introduction: Financialization, Speculation, and the Production of the Urban Built EnvironmentCecilia L. Chu and Shenjing He Section I. Mega Projects and Speculative Urban Development 1 Property Speculation: Causes and ConsequencesSusan Fainstein and Johannes Novy2 The Financialization of Urban Redevelopment: Speculation and Public Land in Porto Maravilha, Rio de JaneiroMayra Mosciaro, Alvaro Pereira, and Manuel B. Aalbers3 From Spectacular to Speculative Gulf Cities: A Tale of Dubai and DohaAli A. Alraouf Section II. Reconfiguring the State: The Politics and Pragmatics of Speculation 4 Mega-Event Urbanism and the Politics of Speculative Urban Development in Shanghai Yunpeng Zhang and Shenjing He5 Urbanization as Mass Speculative Event: Informal Finance and City-Making in Ordos, Inner MongoliaMax D. Woodworth6 El Quiñón: Corruption and Speculative Development in the Spanish Financial CrisisMarta Catalán Eraso and Cecilia L. Chu Section III. Forms and Norms of Speculative Housing 7 Speculation in the London Housing Market: Flat Break-Ups, Loft Conversions, and Overseas BuyersChris Hamnett8 Speculative Subdivision of Private Rental Flats in Hong KongMandy Lau9 Contradictions of State and Household Investments in Public Housing in SingaporeChua Beng Huat Afterword Alan Smart List of ContributorsIndex
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"Two kinds of speculation shape cities: Architects and planners conjecture about the future and imagine spatial forms to accommodate it. Investors conjecture about financial returns from projects delivering imagined forms. Governments and markets speculate in both ways and jointly determine the outcome. The chapters in this collection tell compelling stories about this risky dance."
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Produktdetaljer

ISBN
9781487524883
Publisert
2022-02-22
Utgiver
Vendor
University of Toronto Press
Vekt
400 gr
Høyde
229 mm
Bredde
152 mm
Dybde
20 mm
Aldersnivå
U, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Heftet

Biographical note

Cecilia L. Chu is an associate professor in the Division of Landscape Architecture at the University of Hong Kong. Shenjing He is professor and associate dean in the Faculty of Architecture at The University of Hong Kong.