After liberalizing gaming industry and introducing CEPA, now Macau becomes a World-class tourist city and Macau has the highest GDP per capita in East Asia. Despite these achievements, Macau faces numerous challenges from housing issue, like high population density and rocketing property price, and the Government has already delivered some measures for the housing issue. One of these measures is urban renewal policy and the Government set up a Old District Restructuring Advisory Committee. Local neighborhood associations also play important roles in urban renewal policy consultation and the Government always delivered/ sponsored various opinion surveys for such consultation. With the help from the Government and local neighborhood association, our research team can successfully conduct an opinion survey in an old region. In this study, we introduce two relevant and valid scales, scale of community and organizational collective efficacy, and we want to examine the role of neighborhood association in urban renewal policy consultation and the moderating effects of sense of community and collective organizational efficacy on the selection of urban renewal options. We also discuss the research findings and make some recommendation in the policy formulation.