Xin Lang Cai Jing·2025-08-14 10:53Core Insights - The real estate industry is undergoing a critical transformation from "scale-driven" to "integration-enabled" as highlighted in the 2025 Boao Real Estate Forum, focusing on collaboration among state-owned enterprises (SOEs), private enterprises, and technology companies [1][6] Group 1: Subject Collaboration - The core of industrial integration is breaking down barriers between entities, leveraging the resource integration capabilities of SOEs, market sensitivity of private enterprises, and technological innovation from tech firms to create a complementary ecosystem [1][3] - Private enterprises are seen as pioneers in market-oriented reforms, driving upgrades in the real estate sector through technology and management innovations, while SOEs provide stability through asset scale and policy alignment [3][4] - The logistics real estate practices of JD Group demonstrate the resilience of private enterprises, with over 60% of foreign trade revenue coming from a model that combines self-use warehouses and external leasing [3][4] Group 2: Track Integration - The new value in real estate lies in cross-industry "function reconstruction," transforming residential properties into "smart nodes" and industrial parks into "supply chain hubs" [6][7] - Current real estate valuation logic has shifted from "cost price" to "cash flow," emphasizing the importance of content density in cultural tourism real estate projects [6][7] - The collaboration between technology and services, as exemplified by Poly Developments' partnership with Huawei, illustrates the shift from simple hardware additions to creating interconnected ecosystems for health management [6][7]