中国房协代建协会会长耿忠强：代建行业一定是一个充满前景的良性赛道

Core Viewpoint - The construction agency model is emerging as a new opportunity and mission in the context of a deep adjustment in the real estate industry, helping to transform traditional high-cost models and supporting the industry's de-leveraging and return to housing's residential attributes [1][4]. Group 1: New Development Model - The construction agency model aligns with the new development model emphasized by central government policies, addressing significant changes in supply and demand in the real estate market and promoting stable and healthy market development [2]. - The real estate industry is undergoing three major changes: policy direction shifting from "de-leveraging" to "risk prevention," market demand transitioning from general growth to differentiation, and competition evolving from scale expansion to quality [2]. Group 2: Market Growth and Opportunities - The construction agency model has proven effective over more than 30 years, with companies like Iron Mountain achieving over 40% project returns with less than 5% capital investment [3]. - Over 20 provincial governments in China have introduced management measures for construction agency projects, with project numbers increasing by over 40% annually from 2021 to 2024, and a projected industry penetration rate of 12.5% by 2025 [3]. Group 3: Responsibilities and Industry Trends - New opportunities for the construction agency industry come with increased responsibilities, requiring companies to address broader social issues beyond just development services [4]. - The industry is experiencing a trend of concentration among leading firms, focusing on risk management and profitability, with a consensus on prioritizing quality over quantity [4][5]. Group 4: Future Outlook - The construction agency model is seen as a promising sector that meets market demands and aligns with policy directions, while also addressing social missions such as improving living conditions and urban renewal [5]. - The industry is working towards establishing unified standards and evaluation systems to promote sustainable development and orderly competition [5].