
AI-generated summary
China continues to promote the renovation of old urban communities and the construction of complete communities, aiming to improve residents' living environment and enhance the level of public service facilities.
China News Service, Beijing, October 23 (Reporter Pang Wuji) The reporter learned from the Ministry of Housing and Urban-Rural Development of China on the 23rd that from January to September 2026, a total of 16,000 old urban communities have been completed and renovated across the country, and 13,000 communities are being renovated, benefiting 5.02 million residents; the investment in the construction and renovation of complete communities has reached 33.61 billion yuan (RMB, the same below).
Data provided by the Ministry of Housing and Urban-Rural Development shows that in the first nine months of this year, in the renovation of old urban communities, more than 7,200 kilometers of aging pipelines such as water, electricity, and heating were upgraded. More than 2,800 communities were renovated to be suitable for aging and barrier-free. 86,000 parking spaces were added. 9.54 million square meters of building energy-saving renovations were implemented. More than 10,000 electric vehicle and electric bicycle charging piles were added.
In 2026, China will arrange 30.9 billion yuan of super-long-term special government bond funds to support the renovation of 197,000 old residential elevators in various places. Since 2024, super-long-term special government bond funds have supported the renovation of 364,000 elevators in various regions, benefiting 14.57 million residents. So far, 192,000 elevators have been completed and updated.
This year, the installation of elevators in old residential areas was included in the scope of ultra-long-term special government bond funding for the first time, and 7.6 billion yuan was arranged to support the installation of 28,000 elevators in various places, benefiting 385,000 residents. So far, 14,000 units have been built.
In terms of complete community construction, data from the Ministry of Housing and Urban-Rural Development show that in the first nine months of this year, China implemented complete community construction and renovation in 976 communities, adding 2,336 community public service facilities, 1,867 convenient commercial service facilities, adding and upgrading 3.983 million square meters of community public activity venues and public green spaces, benefiting 3.632 million residents, and completing an investment of 33.61 billion yuan.

Hong Kong’s Urban Renewal Authority has advised property owners to avoid Taizoom Elevator after the firm failed to install fire-resistant door frame components in 338 buildings. The government has suspended the company's performance rating.

Six departments including the Ministry of Housing and Urban-Rural Development of China issued the "Guiding Opinions on Promoting the Renovation and Upgrading of Old Block Factory Areas", proposing the orderly implementation of 1,500 major projects for the reconstruction and upgrading of old block factory areas during the "15th Five-Year Plan" period, and incorporating them into the urban renewal implementation system.

Taiwan's real estate market has cooled down, and mortgage conditions have not been relaxed. Although the central bank has relaxed the loan percentage for second homes, the interest rates for some first-time homebuyers have reached 3%, and it is 70% difficult to get loans for second homes. Some private banks have suspended the loan until December, mainly due to the high concentration of real estate loans and the crowding out of corporate financing needs.

The Ministry of the Interior stated that the Old Home Life Extension Program is now available in 21 counties and cities across Taiwan, with a total of more than 26,000 application consultations and 1,359 applications accepted. The Ministry of the Interior will review the allocation of funds based on the local review situation, and it is expected that the second tier of acceptance will be announced from January to May next year at the earliest.

The Taoyuan Aviation City Priority Industrial Zone I base has officially broken ground. It is jointly developed by Taiwan Life and Evergreen International Storage and Transportation, with a total investment of more than 50 billion yuan. The base plans logistics, shopping malls, hotels and multi-functional venues, and is expected to create 19,000 job opportunities. It will also combine the advantages of green buildings and transportation nodes to enhance regional industrial competitiveness.

The National Development and Reform Commission announced the first batch of 136 major application scenarios, and the "Digital Home Whole Industry Chain Cultivation and Opening Scenario" led by the Ministry of Housing and Urban-Rural Development was selected. The project will be piloted in six cities including Shenzhen and Qingdao, aiming to promote the construction of a digital home standard system. It is expected to cultivate an incremental market of 1.6 trillion yuan during the "15th Five-Year Plan" period.