楼市双轨制，终于要落地了！

Core Viewpoint - The introduction of "sales-type affordable housing" in Shenzhen marks a significant shift in the real estate market, establishing a dual-track system that separates market housing from affordable housing [1][2]. Group 1: Definition and Differences of Affordable Housing - The new affordable housing categories include public rental housing, guaranteed rental housing, and sales-type affordable housing, with the latter being sold directly to eligible residents [1]. - Sales-type affordable housing will be subject to closed management, prohibiting any conversion to market housing, contrasting with previous types like affordable housing and talent housing that allowed for such conversions after a certain period [2]. Group 2: Impact of Dual-Track System on the Real Estate Market - The dual-track system alters the logic of the current real estate market, redefining housing primarily as a living tool rather than an investment vehicle [3][4]. - This shift will lead to a gradual "de-financialization" of many properties, affecting their monetary attributes and reducing the demand for market housing as the focus shifts to affordable housing for first-time buyers [5]. - The market will see a polarization where core urban areas maintain value due to limited supply and strong demand, while peripheral cities may experience declining prices and reduced liquidity [5][6]. Group 3: Price Stability and Market Conditions - The dual-track system is not expected to significantly impact housing prices, which are more influenced by macroeconomic conditions and liquidity issues [7]. - Current housing prices are in a stable phase with limited upward or downward movement, reflecting a balance between supply and demand [8].