稳楼市需在政策和改革上做出突破

Core Viewpoint - The central economic work conference emphasizes stabilizing the real estate market through city-specific policies, controlling new supply, reducing inventory, and optimizing supply, while encouraging the acquisition of existing properties for affordable housing [1][2]. Group 1: Market Stabilization - The focus for 2026 will remain on stabilizing the real estate market, with significant efforts made previously to alleviate market pressures, yet there is a need for better balance in supply and demand across various cities [1]. - The inventory cycle for new and second-hand homes varies by city, with some areas experiencing prolonged inventory clearance periods [1]. - The development of high-quality projects is ongoing, but issues of scale and homogeneity persist, leading to pressure on new home sales [1]. Group 2: Housing Demand Dynamics - Housing demand is diversifying, with varying potential and supply gaps across different urban areas, influenced by population and employment shifts [1][2]. - The rental market and second-hand housing are absorbing some of the new housing demand, indicating a shift towards a dual rental and purchase model [2]. - In 30 key cities, nearly 70% of housing transactions are for second-hand homes, highlighting a significant shift in consumer behavior [2]. Group 3: Affordable Housing Initiatives - The acquisition of existing properties for affordable housing is a response to the growing demand from new urban residents, with a focus on low-cost housing solutions [3][4]. - The financial burden on local governments necessitates innovative approaches to mobilize existing housing stock for public benefit [3]. - The integration of policies supporting both existing and new housing initiatives is crucial for effective market management [3]. Group 4: New Housing Models - Encouragement of diverse participation from developers, long-term rental companies, and other stakeholders is essential for revitalizing the housing market [4]. - The exploration of new usage models for acquired properties, such as transforming them into long-term rentals or community spaces, is being prioritized [4][5]. - The aim is to elevate the overall quality of housing supply, creating a dynamic balance between high-quality supply and demand [5].