CDL(US:CDEVY) Shang Hai Zheng Quan Bao·2025-07-16 23:46Core Viewpoint - The Central Urban Work Conference held on July 14-15 in Beijing indicates a shift towards high-quality urban development, emphasizing "urban renewal" as a key focus, which will directly impact the real estate market and create new opportunities for companies involved in urban development [1][2]. Group 1: Urban Development Strategy - The conference highlighted a significant transition in urbanization from rapid growth to stable development, with a focus on improving existing urban stock rather than expanding new areas [2][3]. - The seven key tasks outlined in the conference are primarily aimed at enhancing existing urban structures, reflecting a strategic shift towards "intrinsic urban development" [2][3]. - The goal is to build modern, innovative, livable, resilient, beautiful, and smart cities, with urban renewal as a crucial mechanism for achieving high-quality urban development [2][3]. Group 2: Government Role and Policy Implications - The conference is expected to enhance local governments' focus on urban renewal, which will play a significant role in stabilizing investment and expanding domestic demand [3][4]. - There is an anticipated increase in supportive policies from relevant departments, encouraging diverse stakeholders to participate in urban renewal initiatives [3][4]. - The overall aim is to move away from extensive land development towards a model that emphasizes the optimization of existing urban spaces and services [3][4]. Group 3: Real Estate Market Impact - The emphasis on intrinsic development in real estate suggests a shift towards a new development model that prioritizes quality over quantity, with a dual-track system for housing supply [4][5]. - Urban renewal is expected to stimulate demand in the real estate sector, potentially leading to a recovery in new housing markets as quality housing products gain traction [5][6]. - The focus on high-quality urban renewal is likely to enhance the overall living environment, thereby supporting long-term stability in housing prices [5][6].