21评论丨城市更新是构建房地产发展新模式的切入点

Core Viewpoint - The recent Central Urban Work Conference emphasizes the need for a shift in urban development strategies, focusing on quality improvement and efficiency in existing urban areas rather than large-scale expansion, reflecting a transition in China's urbanization process from rapid growth to stable development [1][2]. Group 1: Urban Development Principles - The conference introduced "Five Transformations" as key principles for urban development, which include a human-centered approach, efficient and intensive development, emphasis on distinctive growth, increased governance investment, and coordinated methods [2]. - The rapid growth of the real estate sector is seen as a necessary outcome of the previous expansion phase, and the focus is now shifting towards updating existing urban structures rather than relying on real estate for financing [2][3]. Group 2: Real Estate Development Model - The meeting highlighted the need to accelerate the construction of a new real estate development model, which includes steady progress in the renovation of urban villages and dilapidated housing [2][3]. - The rental and purchase housing supply model has shown significant results in first and second-tier cities, with rental housing accounting for 10% to 15% of the market share and continuing to grow [2]. Group 3: Urban Village and Dilapidated Housing Renovation - The focus on urban village renovation is aimed at improving quality rather than large-scale demolition, with an emphasis on safety, public facilities, and social governance [4][5]. - The criteria for urban village renovation include the presence of safety hazards, mature renovation plans, and balanced funding, indicating a move away from the old model of large-scale demolition [4][6]. Group 4: Integration of New Citizens - The renovation efforts aim to integrate the 260 million migrants into urban life, providing them with affordable housing and access to public services, thereby enhancing urban vitality and consumption [5][6]. - The focus on improving living conditions in urban villages is expected to stabilize the housing market by addressing the needs of new citizens and enhancing their living environment [7]. Group 5: Urban Renewal as Growth Driver - The Ministry of Housing and Urban-Rural Development's guidelines for urban renewal projects provide a clear technical roadmap from planning to execution, indicating a structured approach to urban development [7]. - Financial and fiscal support for urban renewal is anticipated to stimulate new growth dynamics in cities, reinforcing the role of real estate as a pillar industry and a significant consumer market [7].