Workflow
上海“商改住”破冰,商务楼宇终能“解锁新功能”
第一财经·2025-08-12 11:11

Core Viewpoint - Shanghai has officially opened a policy channel for the transformation of commercial buildings into rental housing, allowing certain existing commercial buildings to accommodate rental housing and other functions, establishing a 15-year full-cycle contract management model [3][4][10]. Group 1: Policy Implementation - The recent implementation opinion encourages the functional expansion and integrated development of commercial buildings, allowing them to accommodate various functions such as rental housing, talent apartments, and elderly care [5][6]. - The policy aims to address the issues of aging commercial buildings, with approximately 10,000 commercial buildings in Shanghai, many over 30 years old, facing problems like outdated facilities and low efficiency [4][7]. Group 2: Market Impact - The policy is expected to make the previously banned "commercial to residential" (商改住) transformation legal, efficient, and controllable, significantly impacting the rental housing market in Shanghai [9][14]. - The transformation will alleviate the "work-live imbalance" in core areas and provide new investment opportunities in the capital market [4][16]. Group 3: Regulatory Framework - The implementation opinion includes strict regulations on the division and sale of commercial buildings, prohibiting virtual divisions to ensure clear property boundaries [16]. - The policy allows for a flexible unlocking of new functions in commercial buildings without changing property certificates, maintaining the original structure while permitting a compatible transformation for up to 15 years [14][15].