当不少人还在为郊区新盘的涨跌纠结时，一股暗涌的资本与政策力量，已悄然调转方向，回流至城市中心那些被时间打磨过的"老房 子"里。 近日，吉林长春一则新闻引发关注：新区吉大社区成功加装电梯，解决了老年居民多年的爬楼难题。作为拥有大量上世纪多层住宅的城 市，长春将此类改造纳入城市更新项目，以"政府补助、居民共担"模式推进。不仅如此，全省范围内已启动5300个老旧小区改造，修缮 历史建筑30余处，整治历史文化街区4片，并计划持续推进"三老"（老小区、老街区、老厂区）转型提质。 这看似是民生工程，实则映射出中国城市发展逻辑的深刻转折——从追求规模扩张，转向深耕存量提质。 一、发展逻辑变了：从"大拆大建"到"精雕细琢" 过去二十年，城市生长靠的是外延扩张：拆旧建新、卖地盖楼，循环拉动增长。如今，城市开发边界逐步收紧，土地市场趋于平稳，新 房库存压力显现。未来房地产的机会在哪？答案或许就藏在那些历经岁月的老旧小区中。 据住建部早期数据，全国2000年前建成的老旧小区约22万个，涉及居民超亿人。若因设施老化、配套缺失导致资产贬值，将是社会财富 的巨大损失。而通过系统改造，这些"老资产"正被重新激活。 二、老房改造：不止"加电 ...

Core Insights - The article discusses the implementation of the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" in Luohu District, Shenzhen, focusing on its strategies for industrial transformation and spatial restructuring to achieve high-quality urban development [1] Group 1: Industrial Transformation - Luohu is focusing on high-quality development in the service sector, with service industry value added accounting for over 90% of GDP, despite occupying only 3.5% of the built-up area of the city, contributing nearly 7% of the city's GDP and 13% of retail sales [2] - The financial sector is projected to reach a value added of 78.56 billion yuan by 2024, with over 100 licensed financial institutions, ranking third in the city [2] - The "China Treasure Capital" initiative in the gold and jewelry industry accounts for about 50% of the national market, while the tourism and medical beauty sectors also show significant growth [2] Group 2: Spatial Restructuring - Luohu has innovated land development through four pathways, including integrated development and environmental restoration, revitalizing inefficient spaces [3] - The "Luo Ling Model" for urban village renovation has been recognized nationally, and a digital management system has been implemented to optimize public property utilization, releasing nearly 28,000 square meters of service space [3] - The district aims to complete urban renewal and renovation of urban villages and old communities totaling nearly 5 million square meters during the 14th Five-Year Plan period, with an additional 5 million square meters of quality industrial space planned for the next five years [3] Group 3: New Development Engines - The marine economy has reached a production value of 38.08 billion yuan, and the low-altitude economy has established the first intelligent take-off and landing point in the country [5] - Over 3,500 new enterprises have been registered in three years, with significant growth in high-tech and specialized enterprises, doubling their contribution to GDP compared to the previous five-year plan [5] - The district has developed a consumer landscape with various themed shopping areas and has achieved significant sales through e-commerce initiatives in the gold and jewelry sector [6] Group 4: Strategic Framework and Actions - The "Hundred Thousand Project" is guided by five strategic approaches, including high-level promotion, industrial support, ecological empowerment, reform-driven initiatives, and service-oriented governance [7] - Luohu plans to implement 55 specific actions across six key areas, including industry, ecology, and social welfare, to enhance urban quality and vitality [8] - The district's ongoing efforts reflect a commitment to high-quality development, responding to the challenges of urbanization and economic transformation [8]

齐鲁晚报·齐鲁壹点 陶春燕 "十四五"时期，是聊城发展进程中极不平凡、极不寻常的五年。五年来，聊城市坚定扛牢"走在前、挑 大梁"的使命担当，深入践行"6293"工作思路，坚持发展为要、项目为王、生态为先、民生为本、稳定 为基，推动"十四五"规划主要目标任务顺利完成，高质量发展迈出坚实步伐。当下，"十四五"即将圆满 收官。12月10日，聊城市政府新闻办公室举行新闻发布会，介绍了全市高质量完成"十四五"规划的有关 情况。 市住房和城乡建设局党组书记、局长杨延星介绍，"十四五"以来，聊城市坚持以城市内涵式发展为主 线，以推进城市更新为重要抓手，着力推动城市结构优化、品质提升、民生改善、文脉赓续，实现"四 个更加"。 城市更加有品质。主要从四个方面发力。一是抓片区。编制完成城市更新专项规划，统筹实施香江中 轴、东北片区等11个片区综合更新改造，创建了多个省级城市更新试点。二是拓路网。全市新增城市道 路600余公里，累计突破3000余公里；建成大型桥梁40余座，完成东昌路、柳园路等城市主干道建设改 造，城市脉络更加顺畅。三是优生态。实施城市增绿行动，全市新增绿地1700公顷，累计达到1.3万公 顷；新建成公园48个、口 ...

Core Viewpoint - The document outlines the suggestions from the Hainan Provincial Committee of the Communist Party of China regarding the 15th Five-Year Plan for national economic and social development, emphasizing a people-centered approach to urbanization and risk prevention in various sectors [1] Group 1: Urbanization and Development - The plan promotes a new type of urbanization focused on human needs, with a specific emphasis on county-level urbanization as a key carrier for development [1] - It encourages the empowerment of large towns and the implementation of urban renewal actions, including innovative financing models and comprehensive upgrades of existing buildings and urban infrastructure [1] - The initiative aims to create a modernized city with Hainan characteristics, focusing on the construction of "good houses, good communities, and good urban areas" [1] Group 2: Real Estate and Housing - The document calls for a new model of real estate development, optimizing the supply of affordable housing and increasing the availability of improved housing to meet diverse needs [1] - It highlights the importance of enhancing property service quality as part of the housing improvement strategy [1] Group 3: Risk Prevention - The plan emphasizes the need for coordinated risk prevention and resolution in real estate, local government debt, and small financial institutions to avoid systemic risks [1]

作者 | 第一财 经 孙梦凡 夜色铺开，低矮的老旧住宅人影罕见，而马路对面的写字楼依然灯火通明。 近日，记者在实地走访时发现，一些建成几十年之久的老旧小区，如今已成为城市里"寂静的孤岛"。 因房屋年久失修、设备老化，部分被评为危房的小区，不再是打工人下班后的港湾，他们大多被迫搬 离，等待小区改造方案落地的那天。 2025.12. 11 本文字数：3726，阅读时长大约7分钟 在各地，这种情况并非孤例。随着我国城镇化快速推进，最早建成的那批房屋，已经接连进入"老年 期"。即便是建成20年左右的小区，也有居民反映楼房老旧、冬天寒冷、夏天漏水。这些"中老年房 屋"，成为当前城市更新的重要一环。 值得注意的是，不同于过往的"拆迁暴富"，如今一种新的更新模式正悄然铺开——自主更新、原拆原 建，即从"政府主导"转向"群众自主"，把原有老旧房屋彻底拆除，原址重新修建一栋房屋，并大多由 居民出资、政府补贴、多元筹集。 告别拆迁暴富、政府主导，当居民成为小区改造的主人，会面临哪些现实挑战？ 老旧房屋问题接连涌现 要改造或重建一个老旧小区或住宅，并非一蹴而就的事情。 日前，有吉林省松原市居民反映称，百南小区已经有快40年历史，小 ...

Core Viewpoint - The article discusses the challenges faced by residents as they transition from government-led urban renewal to a model of self-initiated updates and reconstruction of aging residential areas, highlighting the shift from "demolition wealth" to community-driven redevelopment [1][8]. Group 1: Current State of Aging Residential Areas - Many aging residential complexes, some built over 40 years ago, are now classified as dangerous buildings, leading to residents living in fear and uncertainty [3][4]. - The proportion of housing over 30 years old in China is projected to reach 35% by 2024, indicating a significant portion of the housing stock is aging and in need of renovation [5][6]. Group 2: New Urban Renewal Model - The new model emphasizes self-initiated updates and original reconstruction, moving away from traditional government-led demolition and redevelopment [8][10]. - The Ministry of Housing and Urban-Rural Development has encouraged local governments to explore self-initiated updates for old residential areas, with pilot programs already underway in cities like Beijing, Shanghai, and Guangdong [8][9]. Group 3: Financial and Operational Challenges - The success of self-initiated updates depends on residents' willingness to invest financially, which is influenced by the perceived increase in property value post-renovation [12][13]. - Local governments are working to create favorable conditions for self-initiated updates, but challenges remain in aligning residents' interests and securing funding [12][14]. Group 4: Case Studies and Examples - Successful examples of self-initiated updates include projects in Beijing and Guangzhou, where residents have taken the lead in funding and managing renovations [9][10]. - The funding models for these projects often involve a mix of government subsidies and resident contributions, reflecting a shift towards shared responsibility in urban renewal [10][14].

Core Viewpoint - The construction and decoration industry is experiencing a slowdown in fixed asset investment and new contract signings, with a focus on potential growth areas such as overseas construction, urban renewal, digital construction, and power engineering [2][5]. Investment Strategy - From January to October 2025, cumulative fixed asset investment decreased by 1.7% year-on-year, while infrastructure investment increased by 1.5%, with a sequential decline of 1.8 percentage points [2]. - New contracts in the construction industry totaled 21.30 trillion yuan from January to September 2025, down 4.6% year-on-year, with a notable slowdown in the decline of new orders in the third quarter [2]. - The backlog of construction orders stood at 59.95 trillion yuan, reflecting a year-on-year decrease of 1.8%, indicating that the decline in existing orders is less severe than that of new contracts [2]. Sector Performance - The construction decoration index rose by 6.8% from the beginning of 2025 to December 2, but underperformed compared to the broader market [2]. - The renovation and decoration service sector led the secondary market with a growth rate of 30.6% [2]. - The construction sector's allocation ratio was 0.62%, which is 0.94 percentage points lower than the industry standard [2]. Central Enterprises - The eight major central enterprises saw their new contracts remain stable in the first half of 2025, with overall revenue growth declining by 4.4% and net profit attributable to shareholders decreasing by 7.5% [3]. - Factors such as slowing infrastructure investment growth and prolonged repayment cycles due to local fiscal pressures have impacted the revenue of these enterprises [3]. Growth Opportunities - Overseas construction saw a cumulative completion amount of 134.18 billion USD from January to October 2025, with a year-on-year increase of 7.9%, particularly in Belt and Road countries [4]. - Urban renewal projects are expected to be funded through various sources, with plans to start renovating 25,000 old urban communities, of which 21,700 have already commenced [4]. - Digital construction is being driven by new productivity, with a focus on comprehensive digital transformation across urban areas [4]. - The power engineering sector is anticipated to benefit from significant opportunities in water resources and environmental projects from 2025 to 2030 [4]. - Local government bond issuance has accelerated, with a total issuance of 6.49 trillion yuan from January to September 2025, marking a year-on-year increase of 29.3% [4]. Investment Recommendations - The construction sector is expected to see a resonance of fundamentals, policies, and valuations, with a focus on marginal changes in overseas construction, urban renewal, digital construction, power engineering, and debt reduction [5]. - Recommended stocks include China Power Construction, China Energy Engineering, China Communications Construction, Tunnel Corporation, Metro Design, and Jianfa Heceng, particularly those with stable performance and low valuations [5].

Core Viewpoint - The transformation of Pujiang Fishing Wharf into a cultural and recreational hub reflects the broader urban renewal efforts in Binjiang District, showcasing a successful model of integrating community needs with urban development [5][9][10]. Group 1: Urban Renewal and Development - Pujiang Fishing Wharf has evolved from a traditional fish market to a vibrant "city living room," attracting visitors with its scenic views and recreational facilities [5][7]. - Binjiang District has been recognized for its urban renewal projects, being the only area in the province to have projects selected for national recognition for two consecutive years [5][9]. - The systematic reconstruction of the riverside area aims to balance safety and accessibility, transforming it from a protective barrier into a lively public space [7][9]. Group 2: Community Engagement and Needs - The development of 12 unique rest stations along the riverside caters to diverse community needs, enhancing the area's appeal and functionality [7][8]. - The urban renewal strategy emphasizes a "people-centered" approach, addressing local demands and preferences through community consultations and democratic decision-making [9][10]. - The integration of various community services and amenities, such as cafes and cultural museums, reflects a commitment to enhancing the quality of life for residents and visitors alike [7][8]. Group 3: Future Community Planning - Binjiang has innovatively planned 46 future communities from 67 administrative communities, achieving full coverage and resource sharing [10]. - Ongoing projects, including the installation of elevators and the creation of pocket parks, align with the vision of future community development [10][11]. - The preservation of historical sites alongside modern developments illustrates a balanced approach to urbanization, maintaining cultural heritage while fostering innovation [11].

日前，废弃工厂、烂尾楼宇、闲置校舍等各类废弃建筑成为社交媒体上的"热门打卡地"。相较于正 常使用的建筑，废弃建筑自带神秘气息，拥有较强的视觉冲击力和特有的荒凉感，容易激发怀旧情绪与 探索欲望。但频发的翻墙摔伤、高空坠落等事故，则给打卡者带来人身安全风险。 不少废弃建筑曾是城市发展的重要见证，回顾探访，有助于公众追溯城市历史。但随着部分场地在 短视频平台上的热度攀升，一些博主为博取关注，故意闯入高危区域；一些公众将其视为"冒险游戏"， 低估真实风险；而平台为吸引流量，也倾向于推送这类内容，满足不少人对"禁忌空间"的猎奇心理。 加强正向引导，普及风险认知。通过真实事故案例开展警示教育，明确探险行为的法律与安全边 界，引导公众理性看待、合理开展。鼓励公众优先选择政府公示的活化项目，在安全合规的前提下感受 城市历史脉络。 "探废"乱象的背后，折射出废弃建筑管理的缺失。当前针对废弃建筑的治理仍面临诸多困境：产权 责任不清晰，治理主体缺失；国家层面尚无专门的认定、处置与拆除法规，治理缺乏依据，治理资金缺 口大，社会资本参与意愿低，种种原因导致许多废墟处于"无人管、无法管"的状态。 因此，强化源头治理与分类管控势在必行。相 ...

Core Viewpoint - The recent release of the 15th Five-Year Plan proposals by various provinces highlights the focus on real estate development, emphasizing risk mitigation, consumption promotion, urban renewal, and high-quality development during this transitional phase of the economy [1][4][11]. Group 1: Risk Mitigation and Consumption Promotion - The proposals stress the importance of preventing and resolving risks in the real estate sector, identifying it as a systemic risk alongside local government debt and small financial institutions [4]. - Shandong Province has proposed a mechanism for normalizing "white list" financing in real estate, indicating a policy shift towards improving financing structures [5]. - Several provinces, including Guangdong and Hubei, have included measures to promote housing consumption, reflecting its significance in driving overall consumption [6][7]. Group 2: Urban Renewal Initiatives - Urban renewal has been identified as a key strategy, with multiple provinces advocating for "in-depth urban renewal" and emphasizing the need for sustainable development models [9][10]. - Beijing's proposal includes comprehensive urban renewal strategies, focusing on the integration of resources and systematic updates to old neighborhoods [9]. - The emphasis on urban renewal reflects a shift from rapid expansion to enhancing existing urban areas, aligning with national urbanization goals [8][10]. Group 3: High-Quality Development - The concept of "high-quality development" is a recurring theme, with provinces like Shanxi and Shandong detailing specific institutional arrangements to support this goal [11][13]. - The establishment of foundational systems for real estate, such as safety inspections and quality management, is seen as essential for achieving high-quality outcomes [12][13]. - Differentiated policies based on local conditions are being proposed, indicating a tailored approach to real estate development across different regions [14][15].