Ger industry too as possible destination sites helps to meet the realistic travel demand and transport-sector revenues. However, the central location has pushed up the sunken charges of land acquisition costs, and has as a Goralatide MedChemExpress result, by marketplace principles, restricted the area for land improvement and its added benefits for an R P model. Moreover, because of the vicinity of your nearby West Kowloon cultural district, the preparing authority envisages the synergistic impact of a high-level integration of railway and cultural facilities, benefiting the transport, tourism, and hostel sectors, hence branding a new city image. Consequently, high-rise residential development about the station region, which is in the heart from the MTRC’s R P model [28], is believed to contradict quality-based preparing objectives, and is forced to give way to workplace improvement and green public spaces [47].Sustainability 2021, 13,the synergistic effect of a high-level integration of railway and cultural facilities, benefiting the transport, tourism, and hostel sectors, hence branding a brand new city image. Consequently, high-rise residential development about the station area, which can be in the heart in the MTRC’s R P model [28], is believed to contradict quality-based planning 13 of 16 objectives, and is forced to give solution to office development and green public spaces [47]. six. Summary and Implications 6. Summary and Implications six.1. Summary of Findings six.1. Summary of Findings This study has compared diverse house improvement practices around HSR staThis study has compared diverse home improvement practices around HSR tion regions by benchmarking using the notion of land value capture, i.e., the rail plus propstation places by benchmarking together with the notion of land worth capture, i.e., the rail plus erty model. In both Shenzhen and Hong Kong, high-speed rail has been extremely valued by home model. In both Shenzhen and Hong Kong, high-speed rail has been extremely valued planning authorities as a stimulus for sustainable growth and is closely associated with by organizing authorities as a stimulus for sustainable development and is closely linked property development activities. Nonetheless, various stakeholder relations which have with property improvement activities. Even so, various stakeholder relations that have emerged with unique social and institutional contexts have led to contrasting options in emerged with various social and institutional contexts have led to contrasting selections inside the application from the LVC to this new railway plan. the application from the LVC to this new railway system. Shenzhen chooses to upgrade as opposed to to abandon the R P model, in which the Shenzhen chooses to upgrade in lieu of to abandon the R P model, in which the transit enterprise continues to play the function of a a pivotal stakeholder as in metro-based R transit company continues to play the function of pivotal stakeholder as in a a metro-based P model (Figure 3). three). The biggest difference to prototype model in Hong Kong is that R P model (Figure The largest distinction to the the prototype model in Hong Kong may be the SZMC operates as aas a state-owned enterprise, shifting its business enterprise focusfrom profitthat the SZMC operates state-owned enterprise, shifting its small business concentrate from profitmaking inside the real estate market [29]. The transit agency has received PHA-543613 site genuine energy generating within the real estate sector [29]. The transit agency has received genuine power and induced energy in the l.