The Central Urban Work Conference will be held in Beijing from July 14th to 15th. The last time this important meeting was held was in 2015. This meeting put forward the important statement that "China's urbanization is shifting from a period of rapid growth to a period of stable development", and identified seven key tasks in promoting urban renewal as an important focus. The development of real estate in China has always been complementary to the process of urbanization. How will the arrival of a new stage of urban development affect the future direction of the real estate industry? Setting tone: The conference on the new stage of urban development pointed out that China's urbanization is shifting from a period of rapid growth to a period of stable development, and urban development is shifting from a stage of large-scale incremental expansion to a stage mainly focused on improving stock quality and efficiency. Zhao Xiuchi, Dean and Professor of the Beijing Tianjin Hebei Real Estate Research Institute at Capital University of Economics and Business, stated in an interview with China Net Finance that this conference has significant and far-reaching implications for the future development of cities and the real estate industry. Real estate is an important driving force for new urbanization and has a significant mission and responsibility in achieving urban development goals and key tasks. Only by correctly understanding the current stage of urban development can we grasp the laws of urban population development and enable the real estate industry to better provide suitable services around population changes. ”She said. The Politburo meeting in July 2023 pointed out that there have been significant changes in the supply and demand relationship in China's real estate market. Many cities have entered a stage of development dominated by existing housing, and the real estate industry has also transitioned from a stage of quantitative development to a stage of high-quality development, "said Zhao Xiuchi. The real estate industry is a sustainable industry that will always provide people with livable and business friendly production and living spaces, and is an indispensable force in building modern cities. ”She suggested that each region should adapt to local conditions, adjust the supply of land and real estate according to changes in urban population, balance the supply and demand relationship, and promote the stable and healthy development of real estate; We need to upgrade our consumption and continuously increase the supply of "safe, comfortable, green, and smart" "good houses". Focus: The conference on promoting urban renewal proposed the deployment of "taking urban renewal as an important focus, vigorously promoting urban structure optimization, kinetic energy conversion, quality improvement, green transformation, cultural continuity, and governance efficiency enhancement". Zhang Bo, President of 58 Anjuke Research Institute, stated that using urban renewal as a lever is of great significance to the real estate industry. On the one hand, we will strengthen the optimization of the supply side, synchronously promote the redevelopment of inefficient land during the process of renovating old buildings, and improve the efficiency of urban spatial utilization; On the other hand, urban renewal will activate the demand side of real estate and increase the demand for home purchases. Chen Wenjing, Director of Policy Research at Zhongzhi Research Institute, believes that this conference will further enhance the importance of urban renewal in various regions, which is conducive to improving the role of urban renewal in stabilizing investment and expanding domestic demand. In the future, relevant departments are expected to implement more supporting policies, and local governments will also explore urban renewal models suitable for local development. In this process, the government will improve relevant measures to encourage diverse stakeholders to participate, and more policy support will also release new opportunities for enterprises to participate in urban renewal. ”She said. Deployment: Seven key tasks were deployed around urban work in this meeting. One is to focus on optimizing the modern urban system. The second is to focus on building dynamic and innovative cities. The third is to focus on building comfortable and convenient livable cities. The fourth is to focus on building beautiful cities that are green, low-carbon. The fifth is to focus on building safe and reliable resilient cities. Sixth, we will focus on building a civilized city that values virtue and goodness. Seventh, we will focus on building convenient and efficient smart cities. After years of development, the per capita housing construction area in urban areas across the country has exceeded 40 square meters, and residents' housing demand has shifted from 'whether it is available' to 'whether it is good or not'. ”Chen Wenjing stated that "good houses" with green and low-carbon as important features will become an important part of improving the quality of urban development, and it is expected that more supportive policies will be implemented in planning, land, finance, and other aspects in the future. Zhang Bo stated that building safe, comfortable, green, and smart "good houses" is the direction for high-quality development of the real estate industry. New buildings will fully implement green building standards, leading real estate companies will accelerate the layout of green technology, and fourth generation buildings will continue to emerge in more cities. For the construction of safe, reliable, and resilient cities, Zhang Bo suggests establishing a safety management system for the entire life cycle of buildings, emphasizing building quality and safety, and comprehensively improving the level of housing safety assurance as the next key step. The meeting also proposed to accelerate the construction of a new model for real estate development. In recent years, the central government has frequently emphasized the need to accelerate the construction of a new model for real estate development, and various regions are actively exploring new models suitable for local development. Chen Wenjing said that from the perspective of the industry, the new model for real estate development includes improving the "market+guarantee" housing supply system, reforming and improving the basic system of real estate, establishing a linkage mechanism for "people, real estate, land, and money" elements, high-quality housing construction, and establishing a coordinated supervision mechanism for real estate. It is expected that more supporting policies for new models will be further improved and implemented in the coming years. (New Society)