Shanghai Sets 2026–2028 Urban Renewal Plan Targeting Village Redevelopment

Shanghai's three-year plan signals a shift from pilot urban-village renewal to a scheduled, demolition-heavy pipeline, with relocation timelines now an explicit requirement. That matters for local construction and materials demand, and for displaced residents and property owners in affected villages, whose compensation and resettlement terms become the key variable. The old-housing conversion targets, including finishing thin-slab conversions by end-2026, add a second, faster-moving workstream. Whether the relocation schedules hold and how resettlement is handled are the open questions worth watching.