划重点！2026年房地产政策有四个“新变化”，“城市更新”这个词的位置大幅提前

Core Viewpoint - The recent Central Economic Work Conference has outlined specific requirements for the real estate sector in the upcoming year, emphasizing the need to stabilize the market while addressing risks in key areas [1][2]. Policy Objectives - The policy goal has shifted from "continuously promoting the stabilization of the real estate market" to "focusing on stabilizing the real estate market," indicating a core focus on maintaining stability [1]. - In the first eleven months, while development investment has declined, the housing market has entered a phase of stock management, with second-hand housing transactions accounting for 45% of total transaction volume, and the decline in housing prices is continuing to narrow [1]. Policy Directions - The previous emphasis on "reasonably controlling new land use" and "promoting the disposal of existing housing stock" has evolved to include "controlling quantity, reducing inventory, and optimizing supply" as core directions, with "optimizing supply" being a new term introduced [2]. - The new policy will be a coordinated "combination punch," requiring local governments to consider inventory issues before land supply, while also addressing "people's livelihood guarantees" and optimizing the structure of land supply [2]. Policy Tools - The reform of housing provident funds and the construction of "good houses" have been identified as new policy focuses for the coming year, with plans to expand the coverage of flexible employment personnel for housing provident fund contributions [2]. - This will allow individuals to withdraw funds for rental purposes even if they do not purchase a home, and increased loan limits will help alleviate payment pressures for first-time buyers and those seeking improvements [2]. Urban Renewal - The term "urban renewal" has been elevated in importance, moving from a secondary position to a primary focus in the agenda, indicating an increased emphasis and effort in promoting urban renewal initiatives [2].