可研智库：从“空间建造者”向“城市运营综合服务商” 地产企业转型在即

Group 1 - The core viewpoint is that the transformation from "space builders" to "comprehensive urban operation service providers" is essential for survival in the real estate industry [1] - The key to success lies in the reconstruction of four core capabilities: transitioning from scale to quality, from development to service, from incremental to stock, and from traditional to technology [1] - Companies need to establish refined R&D, digital user management, precise marketing, and robust cash flow management capabilities [1] Group 2 - The first judgment on the future of the real estate industry is that the transformation is irreversible, with single development and sales models expected to exit within 3-5 years [2] - The focus will shift to high-energy cities, where only products and services that match their development capabilities will ensure survival [2] - The integration of urban renewal and operation will create a trillion-level market during the "14th Five-Year Plan" period, providing historic opportunities for companies with integrated capabilities in investment, planning, construction, and operation [2]