人民日报记者 杨迅 改造工程，就由聂磊所在的长沙博达资产管理有限公司负责。"项目定位是都市新型潮集大市场， 在工业遗产保护与传承、规划创新与实施、建筑改造与设计、资产重组与经营等方面进行探索。"公司 党委书记申朝晖介绍。 "都市新型潮集大市场"怎么建？ 产业出新，集工作、生活、教育、休闲于一体。新建开发区与旧改区相结合，密度较大的酒店式公 寓、商业服务配套等城市功能与工业厂房改造的低密度空间耦合。 漫步湖南湘江新区观沙岭街道的长沙锦秀拾光街区，时光仿佛慢了下来。咖啡店、网红餐厅一家接 一家，不少市民游客前来打卡。步行几百米，来到占地1.44万平方米的锦尚生鲜市场，烟火气扑面而 来，市场日均客流量约3万人，覆盖周边数十个社区。 街区斑驳的红砖墙上，挂着今昔对比的照片。多年前，这一带还是机器轰鸣、纱锭飞转的长沙锦纶 厂。曾是长沙锦纶厂供应科科长的聂磊，见证了这个厂区的变迁，从辉煌到沉寂，再从沉寂中焕发新 生。 长沙锦纶厂建于上世纪80年代，曾是长沙重要的轻工业生产基地。"效益好的那些年，每天清晨， 工厂门口车水马龙，都是来等着拉货的卡车。"聂磊回忆。 "到了90年代，厂子开始面临困难，2006年停产。职工们有的转 ...

Core Viewpoint - The transformation of the Changsha Nylon Factory into a vibrant urban area exemplifies successful urban renewal, integrating modern commercial spaces with historical industrial heritage [1][3][4]. Group 1: Urban Renewal Project - The Changsha Nylon Factory has been designated as a key urban renewal project, with plans to develop the southern area into a fresh market and a food street, while the northern area will feature a new urban project [2][3]. - The project aims to create a "new urban trendy market," focusing on industrial heritage preservation, innovative planning, and asset restructuring [3][4]. Group 2: Economic Impact - The renovated area will cover approximately 60,000 square meters, achieving over 90% occupancy, with an annual transaction volume nearing 1 billion yuan [4]. - The management's annual revenue has increased from 3.79 million yuan to over 40 million yuan, contributing nearly 50 million yuan in taxes and creating around 4,000 jobs [4]. Group 3: Broader Urban Development Context - The national "14th Five-Year Plan" emphasizes urban renewal, targeting the improvement of old neighborhoods and industrial areas, with over 240,000 urban old neighborhoods set for renovation, benefiting over 40 million households [5][6]. - The central government has allocated over 470 billion yuan for urban infrastructure improvements, including the renovation of old neighborhoods and industrial areas [6].

Core Viewpoint - The modernization of cities in China should balance the preservation of cultural heritage and unique characteristics while improving living conditions and quality of life [1][2][3]. Group 1: Cultural Heritage and Identity - Cultural heritage serves as the soul of a city, with historical remnants providing a sense of identity and nostalgia for its residents [2]. - Cities like Beijing and Suzhou exemplify how historical elements contribute to a city's unique charm and cultural continuity [2]. Group 2: Urban Development and Quality of Life - The rapid urbanization in China has led to 940 million people living in urban areas, transitioning from a phase of rapid growth to stable development [3]. - Urban development is shifting focus from large-scale expansion to enhancing existing urban quality and efficiency [3]. Group 3: Community Involvement in Urban Renewal - Successful urban renewal should involve community participation, ensuring that residents' voices are heard and their needs addressed [4]. - Examples include the revitalization of historical areas in Fuzhou and the engagement of residents in addressing local issues in Changsha [4]. Group 4: Innovative Urban Renewal Practices - Effective urban renewal practices include micro-renovations rather than large-scale demolitions, preserving the historical essence while introducing modern functionalities [3]. - Initiatives like the comprehensive protection of cultural relics in Hebei demonstrate a commitment to maintaining historical integrity while enhancing urban aesthetics [3].

从大处着眼、小处着手，以"绣花功夫"推进城市更新，才能让城市有"面子"更有"里子"，便民、利民、 安民，绘就宜居城市新画卷。 （文章来源：人民日报） 城市更新，重在惠民。内蒙古包头探索"政府引导+居民自主"的共建模式，让业主代表全程参与老楼改 造；湖北大冶开展"星空夜话"活动，引导居民点单决定"改什么、怎么改"……以群众需求为出发点，倾 听民意、汇聚民智，共商共建推动城市更新，让居民收获实实在在的幸福感。 城市更新，也蕴藏着发展增量。北京长辛店老镇更新后，融合国潮消费与演艺体验，变身网红打卡地； 四川成都玉林东路将烟火市井与时尚潮流、文化创意深度融合，改造后人流量显著攀升……在保护中开 发、在开发中保护，不少城市在老旧街区改造中注重文化传承，既留住了城市记忆与烟火气，也开辟出 扩内需、促消费的新增长点。 "十四五"时期，我国城市更新行动持续深化，城市面貌显著改善，民生福祉切实增进，为经济发展注入 新动能。 ...

漫步湖南湘江新区观沙岭街道的长沙锦秀拾光街区，时光仿佛慢了下来。咖啡店、网红餐厅一家接一 家，不少市民游客前来打卡。步行几百米，来到占地1.44万平方米的锦尚生鲜市场，烟火气扑面而来， 市场日均客流量约3万人，覆盖周边数十个社区。 街区斑驳的红砖墙上，挂着今昔对比的照片。多年前，这一带还是机器轰鸣、纱锭飞转的长沙锦纶厂。 曾是长沙锦纶厂供应科科长的聂磊，见证了这个厂区的变迁，从辉煌到沉寂，再从沉寂中焕发新生。 长沙锦纶厂建于上世纪80年代，曾是长沙重要的轻工业生产基地。"效益好的那些年，每天清晨，工厂 门口车水马龙，都是来等着拉货的卡车。"聂磊回忆。 "到了90年代，厂子开始面临困难，2006年停产。职工们有的转岗，有的自主创业。"看着老厂房渐渐沉 寂，聂磊很是怀念曾经的热火朝天。厂房年久失修、老化破损，与周边拔地而起的写字楼形成鲜明对 比。长沙锦纶厂经历了停业、重组，后经公司化改造为长沙博达资产管理有限公司，一直在摸索新的产 业模式。 长沙锦纶厂被列为长沙城市更新重点和试点工程——厂区南侧区域打造锦尚生鲜市场和锦纶1988美食 街，纳入长沙市"一圈两场三道"重点城市配套设施建设项目计划；厂区北侧打造锦秀拾光 ...

Core Viewpoint - The news indicates an acceleration in demolition activities in Shanghai as the fourth quarter begins, with specific focus on the Longjing district and its potential for urban renewal and economic growth [1]. Group 1: Demolition Activities - Longjing district has initiated demolition announcements for multiple properties, including various addresses on Wuyi Road and Zhao Hua East Road, with compensation options including monetary and suburban housing exchanges [2]. - The demolition budget for Longjing in 2025 is significantly lower at 446 million compared to Xuhui's budget of 51 billion [2]. Group 2: Economic Performance - Longjing district ranks seventh in Shanghai for GDP in the first half of 2025, with a total GDP of 142.5 billion and a growth rate of 5%, placing it sixth among districts [3][4]. - Longjing's per capita GDP is second only to Huangpu, indicating it is one of the highest-producing areas in Shanghai [3]. Group 3: Housing Conditions - Approximately 246,000 square meters of non-standard housing exist in Longjing, with 191,000 square meters located in the Tianshan Road area, accounting for nearly 80% of the district's total [5]. - The compensation standards for housing in the Lujiazui area have been released, with an average evaluation price of 79,217 yuan per square meter and additional compensation for relocation [6]. Group 4: Urban Renewal Plans - The Shanghai Urban Renewal Action Plan (2026-2028) outlines that comprehensive renovations of urban villages will begin in 2026, with the completion of small beam thin plate housing renovations expected by 2027 [11]. - Various districts, including Huangpu, Xuhui, and Yangpu, are making progress in their demolition and urban renewal efforts, with Xuhui leading in planning and execution [8][9][10].

Core Viewpoint - The successful transformation of the "Mingjing Garden" in the Xidaling community of Haizhou District exemplifies the ongoing urban renewal efforts aimed at addressing residents' concerns and enhancing community well-being [1][5]. Pre-Renovation Summary - The Xidaling community had an aging small park that had deteriorated over time, with wooden structures decaying, walls damaged, and inadequate lighting, leading to a loss of functionality and safety concerns [3][7]. - Residents expressed strong demands for the renovation of the park during regular community visits, highlighting the urgency of addressing this long-standing issue [5]. Post-Renovation Summary - The renovation aimed to create a "happy space" that integrates leisure, culture, and ecology, reflecting modern governance capabilities in Haizhou District [7]. - The revitalized "Mingjing Garden" has significantly improved residents' sense of happiness, belonging, and community engagement, becoming a popular gathering spot for various activities throughout the day [9]. - This project represents a broader initiative in Haizhou District to enhance urban aesthetics and improve residents' quality of life through targeted micro-renovation projects [9].

Group 1 - Urban renewal has become a key focus in the real estate market, with Shenzhen recently launching several low-density urban renewal projects after years of high-density demolitions [1] - The Kangdaar Industrial Park urban renewal project in Bao'an District has been approved, covering an area of 243,000 square meters, with a residential development area of approximately 120,300 square meters and a notable floor area ratio of 3.1, potentially setting a record for the lowest density in Shenzhen's urban renewal projects in eight years [1] - The Longgang District's third batch of urban renewal plans has been released, including the renovation of approximately 83,000 square meters in the Bantian Material Industrial Park area, which will be updated for residential, commercial, and industrial functions [1] Group 2 - Since the implementation of the new housing project standards on May 1, 2023, Shenzhen has seen eight residential projects sold through bidding, with seven of them having a floor area ratio not exceeding 3.1, indicating compliance with the new regulations [2] - From May to October 2023, 14 new projects involving residential demolition and reconstruction have been added, all with a floor area ratio exceeding 3.1, suggesting a shift in the market dynamics under the new "good housing" standards [2] - The "good housing" standards aim to enhance the quality of residential products and property services, leading to a restructuring of the market supply and demand dynamics [2] Group 3 - The sustainable urban renewal model and regulatory policies are expected to play a significant role in stabilizing growth, expanding domestic demand, and improving living standards, thereby transforming urban development methods and promoting high-quality urban development [3]

Core Insights - The article discusses the significant achievements in urban construction and regional development during the "14th Five-Year Plan" period, with an urbanization rate projected to reach 67% by the end of 2024, indicating that 940 million people will live in cities and towns [1] - The transition from rapid urbanization to stable development is highlighted, emphasizing a shift from large-scale expansion to improving existing urban quality and efficiency [1][6] - The primary task of the new urbanization strategy is to promote the urbanization of the agricultural transfer population, focusing on equal access to public services rather than merely resolving household registration issues [8][9] Urbanization and Regional Development - Urbanization is moving from a rapid growth phase to a stable development phase, with a focus on enhancing the quality of urbanization [6][7] - The core of regional coordinated development remains consistent, aiming to reduce disparities in GDP, living standards, and public services across regions [6][7] - The new urbanization strategy emphasizes the importance of improving the quality of urbanization and ensuring that the agricultural transfer population can integrate into urban life [8][9] Urban Agglomeration and City Group Development - The size of urban agglomerations and city groups should be determined by the connections between cities and their radiation capabilities, rather than aiming for larger sizes [2][13] - The implementation of approved urban agglomeration plans is crucial, with a focus on establishing regional cooperation mechanisms [2][13] - The development of urban agglomerations and city groups should promote coordinated development among large, medium, and small cities, creating a rational urban and spatial system [14] Challenges in Agricultural Population Urbanization - The urbanization of the agricultural transfer population faces challenges, particularly in accessing equal public services and social welfare [8][9] - The misconception that household registration is directly tied to public service provision has led to difficulties for many agricultural workers in urban areas [9] - The focus should shift from household registration rates to the urbanization rate of the resident population, emphasizing the need for equal public service provision regardless of registration status [9] Recommendations for Future Development - To address the challenges of urbanization, it is essential to break down administrative barriers and enhance transportation networks connecting core cities with surrounding areas [12][13] - The planning of urban agglomerations should prioritize optimizing spatial layouts and defining the functional roles of different cities to avoid excessive competition [15] - The government and market must collaborate to establish regional cooperation mechanisms for effective urban agglomeration development [13][15]

Investment Rating - The industry is rated as "Add" [6] Core Insights - In the first nine months of 2025, the transaction area of residential land in 100 cities decreased by 6% year-on-year, while the average transaction floor price increased by 17% [1] - The overall premium rate for residential land transactions in 30 core cities is 11% [4] - The top three companies in terms of newly added land reserve value are China Overseas Land & Investment (112.4 billion), China Merchants Shekou (94.1 billion), and Greentown China (63.2 billion) [2][90] Summary by Sections 1. Supply and Demand of Land/Residential Land in 100 Cities - In the first nine months of 2025, the supply of land area in 100 cities decreased by 11.9% year-on-year, while the transaction area decreased by 7.2% [11] - The supply of residential land area in 100 cities decreased by 16.5% year-on-year, with a transaction area decrease of 6.2% [20] 2. Transaction Prices of Land/Residential Land - The average transaction floor price of residential land in 100 cities increased by 17.1% year-on-year, reaching 6,847 yuan per square meter [55] - The average transaction floor price in first-tier cities was 41,137 yuan per square meter, up 42% year-on-year [66] 3. Top 50 Real Estate Companies' Land Acquisition - The top 50 real estate companies saw a 63.9% year-on-year increase in newly added land reserve value, totaling 847.6 billion in the first nine months of 2025 [82] - The newly added land reserve area for the top 50 companies increased by 5.5% year-on-year [87] 4. Transaction Situation of Residential Land in 30 Core Cities - In September 2025, the transaction area of residential land in the 30 core cities increased by 16% year-on-year, with a total transaction price of 1,358 billion [96] - The total transaction area for the first nine months was 7,430 million square meters, accounting for 48.1% of the total transaction area in 100 cities [104] 5. Investment Recommendations - Focus on companies with strong brand reputation and sales performance in core cities, such as Poly Developments, China Merchants Shekou, and China Jinmao [118] - Look for companies with rich existing resources and operational brand competitiveness, such as China Resources Land and Shanghai Lingang [118] - Consider the long-term development potential of property services, recommending companies like China Merchants Jiyu and China Resources Vientiane Life [118]