“1+1+N”-THE NEW URBAN RENEWAL POLICIES IN GUANGZHOU
Dear Valued Client，
In August 2020, the Guangzhou government upgraded the urban renewal policy, which brings challenges and opportunities to developers, landlords, villages and residents in old communities. Under the new policy, developers and landlords could be involved more easily in “Three Old” renewal projects, hence speeding up the application of renewal process. However, the government also has a higher requirement for these projects to achieve city-industry integration and jobs-housing balance. We recommend developers to look for opportunities near the core areas like Huangpu, and strengthen their operation and property management capability in commercial and industrial assets. Landlords could consider renewing the projects by themselves through creative adaptive reuse, while the government could encourage more private funding to join and accelerate the old communities renewal projects.