Guangzhou: Deepen the transformation of urban villages and old residential areas and accelerate the construction of a new model for real estate development.

On August 27, Guangzhou held a meeting to promote the work of urban renewal and urban quality improvement. Guo Yonghang, the Secretary of the Municipal Party Committee, emphasized the need to intensify the renovation of urban villages and old communities, comprehensively improve the quality of urban functions, accelerate the realization of new vitality in old cities, and make the city more innovative and attractive, aiming to build a central world city with classic charm and modern vitality. It is necessary to promote urban renewal with high quality, accelerate the transformation of urban villages, adhere to the principles of "retain, renovate, and demolish" simultaneously, utilize the model of "lawful acquisition and land clearing", explore the establishment of a linkage mechanism for the "people, housing, and money" elements, concentrate resources on the transformation of four major key areas and projects and continue to push forward the classification and treatment of "three old" renovation projects, and accelerate the construction of a new development model for the real estate sector.