省自然资源厅自然资源开发利用处副处长秦立鹏表示，《指南》的出台，标志着辽宁省老旧住房原 拆原建自主更新改造工作步入新阶段。接下来，伴随老旧住宅自主更新项目的启动实施，还将针对居民 提出的新需求，进一步优化完善自主更新支持政策，让百姓通过自主更新住上更安全、更温馨、更舒适 的新家。 改造老房，钱是绕不过的坎儿。《指南》给出了"三方共担"的筹资方式，即业主出一点、政府补一 点、企业投一点。其中，业主依更新方案承担拆建成本，并可动用住房公积金、维修基金及专项贷款； 政府积极争取补贴与专项债支持；实施单位则负责其余投入，并可通过运营社区服务设施实现资金平 衡。 更新并不是简单意义上的修修补补，而是以实实在在提升居住品质、改善人居环境为目标。 一方面，面积可以适度增加。针对小户型家庭，特别是套内面积小于50平方米的，改造后可以补足 到50平方米；50平方米到90平方米的，最多可以增加15%的面积。这为改善厨房、卫生间等基本功能提 供了空间，可以让家更宽敞、更舒适。另一方面，还可增加电梯、无障碍设施、停车位、充电桩等配套 设施，解决出门难、停车难等现实问题。此外，还可以在小区里建设便民商业、养老、托幼等设施。 "我家那栋 ...

Investment Rating - The report indicates a positive investment outlook for the old housing renovation sector, highlighting significant growth opportunities driven by government policies and market demand [3][5]. Core Insights - The transition from "incremental expansion" to "stock quality improvement" in urbanization is creating a historic opportunity for the construction industry, particularly in the context of old housing renovation [3][12]. - Central government policies are increasingly supporting self-renovation and original reconstruction of old housing, which is expected to enhance the market space for construction enterprises [4][5]. - Local governments are implementing specific policies to facilitate the renovation of old housing, focusing on resident participation and government guidance [6][8]. Summary by Sections National Policy Support - The central government has issued policies to support self-renovation and original reconstruction of old housing, emphasizing the importance of resident autonomy and market participation [4][5]. - Key policies include the inclusion of all old residential areas built before 2000 in the renovation scope, significantly expanding the market for construction companies [5]. Local Policy Implementation - Various regions have established policies to enhance project efficiency, focusing on the core logic of "resident主体, government guidance, and multi-party participation" [6][8]. - Specific local policies have been enacted to clarify the renovation scope and implementation standards, directly releasing regional construction demand [9][10]. Market Opportunities for Construction Enterprises - The shift towards self-renovation and original reconstruction is releasing substantial market space, with construction enterprises positioned as key players in connecting policy implementation with resident needs [13]. - The report highlights the need for construction companies to develop comprehensive service models that address the complexities of self-renovation projects [14][18]. Strategic Recommendations for Construction Enterprises - Construction enterprises are advised to establish a full-cycle comprehensive service model, integrating consulting, financing, construction, and operation [14][18]. - It is recommended to coordinate resources to address funding challenges, leveraging government, resident, and social capital to support project financing [18][21]. - Focus should be placed on key regions such as Beijing, Shanghai, Guangdong, and Zhejiang, where policies are advanced and demand is high [22][24].

Core Viewpoint - The recent release of the "Opinions on Promoting High-Quality Urban Development" by the Central Committee of the Communist Party of China and the State Council emphasizes the importance of supporting the self-renovation and original reconstruction of old housing, which has garnered significant attention [1] Group 1: Urban Renewal Initiatives - The document highlights the ongoing efforts to promote the renovation of old urban communities, with a focus on self-funded renovation models [1][6] - Successful examples of self-renovation in old communities have emerged, particularly in Shenzhen's Honggang Garden, where over 90% of residents expressed willingness to participate in self-funded renovations [1][3] - Despite the high interest from residents, there are challenges such as unresolved funding sources and unclear renovation policies that hinder progress [3][6] Group 2: Policy and Guidance - The Zhejiang Province has issued guidelines to support the voluntary and self-directed renovation of old communities, marking a significant step in promoting community-led initiatives [5] - The approach of "resident主体, government统筹" aims to reduce risks associated with developer-led projects and better meet residents' renovation needs [6] Group 3: Challenges and Opportunities - Key challenges in the self-renovation process include unifying owner opinions, securing funding, and ensuring residents' rights are protected [6] - Successful cases in other cities, such as Guangzhou, demonstrate the potential for original reconstruction projects to progress effectively, indicating a shift towards more flexible and diverse renovation strategies [7] - Experts suggest that government support is crucial for overcoming obstacles, including land use changes and planning adjustments, to facilitate smoother renovation processes [7]

Core Viewpoint - The recent release of the "Opinions on Promoting High-Quality Urban Development" emphasizes the importance of supporting the self-renovation and original demolition and reconstruction of old housing, which has garnered significant attention [1] Group 1: Urban Renewal Initiatives - The document highlights the ongoing efforts in urban renewal, particularly the self-funded renovation of old housing, with successful examples emerging in various regions [1][2] - In Shenzhen, the Honggang Garden case has been a focal point for self-funded renovation, but progress has been slow, with residents expressing concerns over the lack of updates [2] - The concept of self-renovation is gaining traction, with a notable example from Zhejiang Province, which issued guidelines for voluntary and autonomous updates in old residential areas [2] Group 2: Challenges and Opportunities - Analysts point out that the self-funded urban renewal model can mitigate risks associated with developers and reduce government liabilities while addressing residents' needs [3] - Key challenges remain, including unifying owner opinions, securing funding, and ensuring residents' rights, indicating a need for improved supporting policies [3] - Successful cases in other cities, such as Guangzhou, demonstrate the potential for original demolition and reconstruction projects to progress effectively [3] Group 3: Market Dynamics and Policy Support - The shift towards flexible and diverse renovation approaches, such as developing rental and new industries, is seen as essential for meeting market demands [4] - Government guidance and policy support are crucial for facilitating these renovations, including land use changes and planning adjustments [5]

Core Viewpoint - The recent policy document emphasizes the shift from government-led demolition to resident-driven renovation of old housing, indicating a significant change in urban development strategy [1][2][3]. Group 1: Policy Changes - The document explicitly states support for "self-renovation of old housing and original demolition and reconstruction" [2]. - This marks the end of an era where demolition was seen as a path to wealth, as the government is no longer taking full responsibility for housing redevelopment [3][4]. Group 2: Financial Implications - Local government debt has exceeded 52 trillion yuan, averaging nearly 40,000 yuan per person, limiting the government's ability to fund demolitions [6]. - Residents will now be responsible for funding renovations, which raises questions about fairness in using taxpayer money for upgrading old properties [7][8]. Group 3: Community Dynamics - The success of renovation projects depends heavily on the residents' willingness and ability to contribute financially, as seen in a case where residents collectively funded a significant portion of the renovation costs [9][11]. - Communities with higher resident cohesion and similar economic conditions are more likely to succeed in renovation efforts, while those with diverse opinions may struggle [15]. Group 4: Real Estate Value Shift - The value of properties is transitioning from being primarily determined by land characteristics to being influenced by management quality and community dynamics [17]. - Future property evaluations should consider factors such as elevator upgrades, the functioning of homeowners' associations, and recent maintenance plans [19][21]. Group 5: Future Outlook - The future of old residential areas will likely involve either self-occupation or rental, as the dynamics of property ownership evolve [22]. - The fate of real estate is increasingly in the hands of active and engaged residents, highlighting the importance of community involvement in property value [23].

Core Viewpoint - The recent "Opinions on Promoting High-Quality Urban Development" issued by the Central Committee of the Communist Party of China and the State Council emphasizes the importance of improving the housing situation and community construction, particularly focusing on the renovation of old residential areas and supporting self-renovation initiatives by homeowners [1][2]. Group 1: Policy Implementation - The "Opinions" advocate for the gradual advancement of urban village and dilapidated housing renovations, supporting self-renovation and original demolition and reconstruction by homeowners [2]. - The self-renovation model allows homeowners to take the lead in decision-making and funding, with government support for policy formulation and resource coordination [2][3]. - The Ministry of Housing and Urban-Rural Development plans to start renovating 25,000 old urban residential communities by 2025, with 19,800 already initiated in the first seven months of the year [3]. Group 2: Case Study - Pengyi Community - The Pengyi Community in Shanghai has undergone a six-year renovation process, with residents moving back in two months ago [4][5]. - The renovation plan included increasing the area of property rights housing by approximately 20 square meters, with the government covering 80% of the additional costs [7]. - The real estate market around the Pengyi Community is active, with high expectations for property prices, such as a listing at 4.6 million yuan for a 77-square-meter unit [9].

Core Viewpoint - The recent publication of the "Opinions on Promoting High-Quality Urban Development" by the Central Committee and the State Council highlights the support for the self-renovation and original demolition and reconstruction of old housing, marking the first time such support has been explicitly stated in a significant document at the central level, reflecting strong public demand for this initiative [2] Group 1: Challenges and Experiences - The process of self-renovation faces numerous challenges, including cost-sharing, project management, and conflict resolution among homeowners, making successful replication of existing cases difficult [2] - A notable case in Nanjing involved the first "self-demolition and self-construction" project, which took nearly ten years to complete due to various policy obstacles, highlighting the importance of inter-departmental cooperation [3] - In Chengdu, a similar project faced significant hurdles, including the requirement for 100% homeowner agreement for government planning, leading to concerns about profitability and contractor reliability among homeowners [3] Group 2: Successful Models and Government Support - Guangzhou has successfully implemented a self-funded, original demolition and reconstruction project, demonstrating a new approach that balances government and market roles by following the principle of "who benefits, who invests" [4] - The local government in Guangzhou has provided support measures, including low-interest loans for financially constrained families and appropriate financial incentives, to facilitate the renovation process [5] - Industry experts emphasize the need to find a balance that encourages self-renovation while ensuring legality and fairness throughout the process, with hopes for more replicable experiences as central support is established [5]

Group 1 - The core document released on August 28, titled "Opinions on Promoting High-Quality Urban Development," emphasizes the importance of real estate and housing for the public, focusing on the systematic promotion of "good housing" and complete community construction [1][4] - The document supports the autonomous updating and reconstruction of old housing, indicating a shift towards a more people-centered policy approach, with local governments like Zhejiang, Shanghai, Beijing, and Hubei already exploring this direction [2][3] - The plan includes a target of starting the renovation of 25,000 old urban communities by 2025, with 19,800 already initiated in the first seven months of the year, particularly in regions like Hebei, Liaoning, Chongqing, Anhui, Jiangsu, and Shanghai, which have over 90% completion rates [3] Group 2 - The concept of "good housing" is defined in the document as safe, comfortable, green, and smart, with specific standards such as a minimum ceiling height of 3 meters and the requirement for elevators in buildings with four or more floors [4] - The document highlights the need for a new real estate development model that includes a "market + guarantee" housing supply system, reforms to foundational real estate systems, and the establishment of a mechanism linking housing, land, and finance [5]