Core Viewpoint - The urban renewal project in the Kanglu area of Haizhu District, Guangzhou, is progressing with significant milestones, including the completion of foundational work for the first reconstructed building, indicating a major step in the redevelopment process [1][4]. Group 1: Project Overview - The Kanglu area covers a redevelopment scope of 110.27 hectares, with a total planned construction area of 3.7798 million square meters, divided into 59 land parcels, including 49 reconstruction parcels and 10 financing parcels [2]. - The project follows a phased implementation strategy, prioritizing reconstruction before financing, and collective housing before private residences, ensuring effective resident relocation and the sustainable continuation of local industries [2]. Group 2: Timeline of Developments - The planning scheme for the area was approved in October 2023, with detailed urban renewal plans published in January 2024 [3]. - By May 2024, the reconstruction implementation plan was approved with a resident approval rate of 92.27%, and historical land use procedures were completed by June 2024 [3]. - The first reconstruction site officially commenced construction on July 24, 2024, marking a significant milestone in the project [4]. Group 3: Construction Milestones - As of December 4, 2025, the first reconstructed building's foundation work has reached the critical ±0.00 elevation, indicating that the basic structural work is complete and the building is emerging above ground [1][7].