行业点评：城市工作蓝图画就，好房子、城市更新有望提速

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the market by more than 5% over the next six months [9]. Core Insights - The report emphasizes that the recent Central Urban Work Conference has set a clear direction for urban development, focusing on high-quality urban growth and the acceleration of urban renewal initiatives. This is expected to enhance the real estate sector, particularly through the promotion of "good housing" and urban renewal projects [6][7]. - The report suggests that the real estate industry is poised for a new wave of development opportunities due to the ongoing urban renewal and the establishment of new development models, which will improve housing quality [6][7]. Summary by Sections Urban Development Strategy - The Central Urban Work Conference has reiterated the importance of urban work, emphasizing a shift from rapid urbanization to stable development, with a focus on optimizing urban structures and enhancing quality [7]. - Seven key tasks have been outlined, including the construction of green, low-carbon cities and the promotion of a new model for real estate development, which is expected to lead to more supportive policies [7]. Investment Recommendations - The report recommends focusing on companies with strong product capabilities and optimized inventory structures, such as China Resources Land, China Overseas Development, and others. It also highlights companies involved in urban renewal and those undergoing valuation recovery [6][8].