行业透视 | 城市更新催生代建需求，企业如何“入场”？

Core Viewpoint - The ability to truly understand policies, integrate resources, and balance multiple stakeholder demands will be crucial for construction enterprises to achieve scale and brand breakthroughs in the urban renewal sector [1][3]. Group 1: Urban Renewal Policy and Government Support - Since 2025, urban renewal has become a significant part of real estate policy, receiving notable support from the government in terms of statements, policy formulation, and financial backing [3]. - Key meetings in July 2025 emphasized urban renewal as an important focus, with the Central Urban Work Conference highlighting it as a key strategy for current and future urban work [3]. - The frequency of urban renewal policy releases has increased significantly since 2025, with cities like Shanghai, Xiamen, and Nanjing announcing specific plans and funding allocations for urban renewal projects [4][6]. Group 2: Financial Support and Investment Trends - The issuance of special bonds for real estate has been on the rise, with significant allocations directed towards urban renewal projects, including the renovation of old urban areas and affordable housing [4][8]. - In the first seven months of 2025, special bond investments for urban village renovations reached 57.3 billion, a year-on-year increase of 487%, while investments in affordable housing reached 25.3 billion, up 150% [4][8]. Group 3: Market Opportunities for Construction Enterprises - The complexity and long duration of urban renewal projects present numerous opportunities for construction enterprises, with a notable increase in the number of projects awarded since 2024 [9][12]. - Major provinces like Shandong, Guangdong, and Jiangsu account for 50% of the awarded urban renewal projects, correlating with their higher special bond investments [12][13]. Group 4: Required Capabilities for Construction Enterprises - Construction enterprises must enhance their comprehensive management capabilities to succeed in urban renewal projects, focusing on five key areas: - Comprehensive coordination ability to manage the entire project lifecycle [18]. - Strong financial strength to ensure stable funding and investment [18][19]. - Capability to integrate and operate industries effectively within urban contexts [19]. - Innovative balancing ability to merge cultural, commercial, and environmental elements [20]. - Risk management capability to navigate the complexities and uncertainties of urban renewal projects [21].