Raising Funds Through Multiple Channels and Involving Multiple Entities
Very large cities actively promote the transformation of urban villages
By Sun Wei
Urban renewal has always been an integral part of the high-quality development process of large and medium-sized cities. On October 12, the Ministry of Housing and Urban-Rural Development announced that very large and megacities are actively and consistently promoting the renovation of urban villages. This renovation will be implemented in three categories. Firstly, it involves the demolition and construction of new buildings that meet the necessary conditions. Secondly, regular renovation and improvement work will be carried out. Lastly, a combination of demolition and renovation will be implemented in the middle.
According to reports, urban villages face common challenges such as high public health and safety risks, housing safety and fire hazards, outdated maintenance facilities, and poor living environments. These issues require urgent transformation. In July of this year, the General Office of the State Council published the “Leading Perspectives on Promoting Functional and Sustainable Transformation of Urban Villages in Large and Mega Cities”. Currently, different areas are formulating supporting policies, determining the number of urban villages, and preparing transformation project plans. As part of the Ministry of Housing and Urban-Rural Development’s Urban Village Renewal Information System, 162 urban village renewal projects have been included in the database.
Chen Xiao, a senior analyst at Zhuge Data Research Center, stated that according to the latest urban construction statistical yearbook, there are eight megacities in the country: Shanghai, Beijing, Shenzhen, Chongqing, Guangzhou, Chengdu, Tianjin, and Wuhan. The other megacity is Hangzhou, Zhengzhou, and 11 others. These cities, with a permanent population of over 5 million, are important drivers and growth poles for national development. However, they also face challenges such as high living costs and an imbalance between supply and demand. Promoting the renewal of urban villages in these megacities is of great significance to the real estate market. It can improve housing conditions and stimulate demand for commercial housing purchases.
Urban renewal in very large and megacities is a crucial step in improving people’s livelihoods, enhancing the quality of life, and enhancing the city’s appearance. Wen Shuyue, senior director of Savills North China, highlighted that Beijing, as one of the first cities piloting urban renewal under the Ministry of Housing and Urban-Rural Development, has gained valuable experience through a series of inspections. The previous urbanization model, which focused on incremental development through large-scale construction, is gradually coming to an end. The urbanization process has entered a new era where both incremental and stock factors are emphasized and led by stock. With the challenges it faces, Beijing is renewing and upgrading its model to promote high-quality urban development and address current legal framework issues.
Wen Shuyue also mentioned the need to systematically improve the existing renovation and development models, as the current approach of large-scale demolition and construction is unsustainable. It is essential to clarify the participants and related interest relationships in urban renewal, secure funding from various sources, and implement fiscal measures, taxation, funding, financing, and other strategies. Furthermore, specific disposal of materials, space, and environmental matters in renovation should be coordinated, with an urgent need to improve professionalism in space operation and post-maintenance.
The source of funds for urban renewal has always been a significant focus in the industry. In this regard, the Ministry of Housing and Urban-Rural Development emphasized the importance of raising funds through multiple channels. This includes not only the city government but also the introduction of social funds and assistance from banking and financial institutions, providing policy support and commercial loans.
“In order to address outstanding contradictions and shortcomings in the urban renewal process, and comprehensively improve the quality of urban construction, Beijing has continuously explored and improved coordination mechanisms and completed the top-level design of urban renewal,” stated Wen Shuyue. With the official implementation of the Urban Renewal Regulations in March of this year, Beijing has established a joint multi-subject participation mechanism. This mechanism leverages the strengths of different market players, clarifies policy support for mutual conversion and commercial service industry use, explores financial incentive mechanisms, strengthens financial and taxation policy innovation, and enhances social capital’s enthusiasm to participate. Notably, a flexible land allocation method has been introduced for existing commercial real estate, making the land use life in the urban renewal process more adaptable.
Original title: Raising funds through multiple channels and involving multiple entities (introduction)
Very large cities actively promote the transformation of urban villages (theme)
China Consumer News (Reporter Sun Wei) Urban renewal has always been an important part of the high-quality development process of large and medium-sized cities.On October 12, the Ministry of Housing and Urban-Rural Development announced that very large and megacities actively and consistently promotes urban villages The renovation will be implemented in three categories: one is the demolition and construction of new buildings that meet the conditions, the other is to carry out regular renovation and improvement work, and the third is to implement a combination of demolition and renovation in the middle.
According to reports, there are common problems in urban villages such as high public health and safety risks, many hidden hazards in terms of housing safety and fire safety, backward maintenance facilities, and dirty and poor environments, and they urgently need to be transformed. In July this year, the General Office of the State Council published the “Leading Perspectives on Promoting Functional and Sustainable Transformation of Urban Villages in Large and Mega Cities”. At the moment, different areas are in accordance with the use, firmly. carry out supporting policy formulation, calculate the basic number of urban villages, and prepare transformation project plans Since the Ministry of Housing and Urban-Rural Development’s Urban Village Renewal Information System has been implemented for two months, 162 urban village renewal projects have included in the database.
Chen Xiao, a senior analyst at Zhuge Data Research Center, told reporters that according to the latest urban construction statistical yearbook, there are eight megacities in the country, namely Shanghai, Beijing, Shenzhen, Chongqing, Guangzhou, Chengdu, Tianjin, and Wuhan the megacity is Hangzhou. , Zhengzhou and 11 others. These cities have a permanent population of more than 5 million and are important driving forces and growth poles for national development. At the same time, these cities also face challenges such as high living costs and a mismatch between supply and demand. Promoting the renewal of urban villages in these megacities is of great significance to the real estate market. While improving housing conditions, it can also increase demand for some commercial housing purchases.
Urban renewal in very large and mega cities is an important step to improve people’s livelihoods, improve the quality of living, and improve the appearance of the city. “Beijing, as the first batch of urban renewal pilot cities of the Ministry of Housing and Urban-Rural Development, has carried out a series of inspections and gained a lot of valuable experience.” Wen Shuyue, senior director of Savills North China, told reporters that large-scale construction was the leading factor in the past The urbanization model of incremental development is gradually coming to an end, and the urbanization process has entered a new era from the incremental phase to a new phase where both incremental and stock factors are emphasized and led by stock. This stage faces new challenges, therefore, how to transform urban development and construction methods, promote high-quality urban development, and solve urban renewal problems within the current legal framework is the significance of renewing and upgrading the renewal model of megacities such as Beijing.
Wen Shuyue told reporters that the renovation model of large-scale demolition and large-scale construction is currently unsustainable and needs to be systematically improved, Therefore, there is a realistic urgency to update and upgrade the existing renovation and development . For example, clarifying urban renewal participants and related interest relationships; sources of funding for urban renewal and the implementation of fiscal measures, taxation, funding, financing and other measures; co-ordinating the specific disposal of the main material, space and environment of the renovation and related problems; space operation And post-maintenance professionalism urgently needs to be improved.
The source of funds for urban renewal has always been the focus of attention in the industry. In this regard, the Ministry of Housing and Urban-Rural Development said it was necessary to adhere to multiple channels to raise funds for renewal. Only raise money from the city government, but also introduce social funds Banking financial institutions will provide policy and assistance Commercial loan.
“In order to solve the outstanding contradictions and shortcomings in the process of urban renewal and comprehensively improve the quality of urban construction, Beijing has continuously explored and improved the coordination mechanism and completed the top-level design of urban renewal.” According to Wen Shuyue, in March this year, “Beijing” With the official implementation of the Urban Renewal Regulations, Beijing has built a joint multi-subject participation mechanism, giving full play to the advantages of different market players, clarifying policy support on for mutual conversion. commercial service industry uses, explore financial incentive mechanisms, strengthen financial and taxation policy innovation, and improve Social capital’s enthusiasm to participate in existing commercial real estate also offers a flexible land allocation method for the first time, making the land use life the urban renewal process more flexible.
#Great #big #cities #actively #promote #transformation #urban #villages #Finance #China #Engineering #Network
