新供给创造新需求

Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes promoting high-quality development in the real estate sector, indicating a shift towards better housing quality and urban renewal during the 14th Five-Year Plan period [1][2]. Group 1: Real Estate Market Adjustments - The current real estate market in China is still in an adjustment phase, with a focus on achieving higher living standards during the 14th Five-Year Plan [1]. - The development of the real estate industry will center around creating "good houses" and urban renewal, with new supply generating new demand [1]. Group 2: Risk Management and Regulation - The real estate industry must prioritize risk prevention, enhancing regulation throughout the entire process of entry, construction, operation, and exit [1]. - A coordinated financing mechanism for urban real estate will be established, along with a "white list" system for projects to ensure the delivery of commodity housing [1]. Group 3: Service Enhancement in Real Estate - Future real estate development should focus on lifecycle services rather than just construction, emphasizing the importance of both hardware and service quality [2]. - The property service sector is seen as having significant growth potential, which has been largely underestimated, and efforts should be made to improve service levels in areas such as elderly care, childcare, and household services [2].