Core Viewpoint - The recent Central Economic Work Conference emphasizes a policy of "controlling increment, reducing inventory, and optimizing supply" in the real estate sector, with a focus on utilizing existing housing stock for affordable housing and other purposes [1] Group 1: Policy Implementation - The policy of "controlling increment" is essential for stabilizing the market, as the real estate market exhibits significant regional characteristics and varying supply-demand dynamics across different cities and districts [1] - Experts suggest that local governments should implement precise controls based on core data such as population trends, existing housing stock, and inventory levels, adhering to the principle of "people-land-housing-money" coordination [1] Group 2: Market Transition - The real estate market in China is transitioning to a stage dominated by existing stock, driven by substantial urban housing inventory and a shift towards improvement demand as the market's main driver [2] - Measures to control new real estate land supply in cities with excess inventory and to encourage the renovation of old housing are crucial for stabilizing market expectations and alleviating supply-demand conflicts [2] Group 3: Inventory Reduction - The "reducing inventory" initiative is not merely about clearing stock but involves a systematic approach that balances market stability, public welfare, and urban upgrades [2] - The acquisition of existing housing for use as affordable housing can quickly alleviate market inventory and financial pressures on developers while expanding the supply of affordable housing [2] - Provinces like Zhejiang, Sichuan, Shandong, and Hunan have issued special bonds to acquire existing housing and convert it into affordable housing, creating replicable practices [2] Group 4: Quality Improvement - Enhancing the precision and effectiveness of housing security is vital for ensuring that everyone has access to housing [3] - The focus on quality construction involves promoting standards, designs, materials, and maintenance practices to lower costs and improve housing quality [3] - The integration of "controlling increment, reducing inventory, and optimizing supply" forms a complete logical chain for real estate supply-side reform, aiming for a dynamic balance in market supply-demand relationships [3]
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Xin Lang Cai Jing·2025-12-25 19:23