(文/孙梅欣 编辑/张广凯） 据新华社消息，12月10日至11日召开的中央经济工作会议总结2025年经济工作，分析当前经济形势，部 署2026年经济工作。 其中涉及房地产相关要求提到，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因 城施策控增量、去库存、优供给，鼓励收购存量商品房重点用于保障性住房等。深化住房公积金制度改 革，有序推动"好房子"建设。加快构建房地产发展新模式。积极有序化解地方政府债务风险，督促各地 主动化债，不得违规新增隐性债务。优化债务重组和置换办法，多措并举化解地方政府融资平台经营性 债务风险。 这也是2024年要求"持续用力推动房地产市场止跌回稳"以来，在中央经济工作会议上再一次提出"稳楼 市"的要求。 相较于去年的经济工作表述，今年对房地产的工作部署更加深化和具体，将"化解风险"、"稳定市 场"、"因城施策"、"去库存"、"好房子"、"公积金"等具体方面进行了强调。 具体到房地产各项重点工作来看，在稳定市场方面，不同能级的城市其作用也有所不同。 张波认为，从大方向来看，一线城市去库存的压力相对较小，但在优化供给层面，需要积极填补改善型 需求缺口："通过优化供地结构，减少 ...

"整体来看，中央经济工作会议对2026年的经济工作做了全面部署，并多次强调要坚定信心。"中指研究 院指出，在房地产方面，"稳楼市"依然是2026年政策目标，各项政策措施有望继续落实，包括优化北上 深等城市限制性政策、收购存量商品房、创新金融和土地政策支持城市更新等方面，房地产作为最大的 内需之一，2026年在扩大内需方面仍将发挥重要作用。 年末将至，房地产市场明年的走向备受市场关注。据新华社消息，中央经济工作会议12月10日至11日在 北京举行，分析当前经济形势，部署2026年经济工作，同时对2026年的房地产工作作出明确部署。 会议明确提出，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因城施策控增量、 去库存、优供给，鼓励收购存量商品房重点用于保障性住房等。深化住房公积金制度改革，有序推 动"好房子"建设。加快构建房地产发展新模式。积极有序化解地方政府债务风险，督促各地主动化债， 不得违规新增隐性债务。优化债务重组和置换办法，多措并举化解地方政府融资平台经营性债务风险。 克而瑞地产研究分析认为，会议将"稳楼市"与"新模式""好房子"深度绑定，跳出短期刺激思维：收购存 量房作保障房实现去库存与 ...

Core Viewpoint - The central economic work conference emphasizes the need to stabilize the real estate market, marking a continuation of efforts to halt the decline in the sector and indicating a critical phase of adjustment and restructuring in the industry by 2025 [1] Group 1: Supply and Demand Balance - The conference highlights the importance of balancing supply and demand in the real estate market, advocating for city-specific policies to control new supply, reduce inventory, and optimize the quality of supply [1] - There has been a significant change in the supply-demand relationship in the Chinese real estate market, with some areas experiencing oversupply, leading to a decline in construction indicators such as new housing starts and real estate investment [1][2] Group 2: Housing Fund System Reform - The conference calls for a deepening of the housing provident fund system reform to better support the real estate market [3] - Future reforms may include expanding the coverage and usage of the housing fund for purposes such as renting, renovations, and urban renewal, enhancing its role in supporting public welfare [4] Group 3: Promoting Quality Housing - The concept of "good housing" has been introduced in government work reports, indicating a shift towards upgrading supply to meet demand, which may help stabilize new housing prices [4] - The emphasis on "orderly promotion" of "good housing" reflects a systematic approach to standardizing housing quality, with expectations for further regulation of "good housing" standards across regions [4][5]

中新社北京12月12日电 (记者 庞无忌)中央经济工作会议12月10日至11日在北京举行。作为观察来年中 国经济政策变动最重要的"风向标"，此番会议明确"着力稳定房地产市场"。这是继2024年中央经济工作 会议提出"持续用力推动房地产市场止跌回稳"后，中央经济工作会议再次强调"稳楼市"。 广东省住房政策研究中心首席研究员李宇嘉表示，在当前民生属性夯实、"租购并举"的背景下，公积金 应该发挥更大作用。 ——有序推动"好房子"建设。 国家发改委宏观经济研究院研究员刘琳指出，今年以来，商品房供给指标下降，既是各地落实严控增量 政策要求的正向反映，也是市场自发调整的结果。 ——更好发挥公积金制度作用。此番会议明确，深化住房公积金制度改革。 随着房地产市场的阶段性"换挡"，公积金还需要进一步扩大覆盖面、拓宽使用范围。 易成栋分析，未来公积金可以更广泛地用于租房、装修、危旧房改造、城市更新等用途，更好发挥普惠 金融的作用、更好地支持民生保障。 据中指研究院监测，2025年以来中国各地出台的公积金相关政策超260条，预计2026年将延续此趋势， 贷款额度进一步提升、使用范围更加灵活、异地互认互贷等或将是重点方向。近期，深圳 ...

据新华社消息，中央经济工作会议12月10日至11日在北京举行。会议分析当前经济形势，部署2026年经济工作。 对于明年房地产市场的定调，会议提出"着力稳定房地产市场"。这是继2024年中央经济工作会议提出"持续用力推动房地产市场止跌回稳"后，中 央经济工作会议再次强调"稳楼市"。 首都经济贸易大学京津冀房地产研究院院长赵秀池指出，从内容来看，房地产的内容放到了明年工作的第八个重点工作中，即"坚持守牢底线，积 极稳妥化解重点领域风险"，亮点主要体现在稳定房地产市场、优供给、好房子建设上。 "稳楼市"政策目标不变 会议提出，坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因城施策控增量、去库存、优供给，鼓励收购存量商品房重点用 于保障性住房等。 根据易居研究院全国百城库存报告，2025年11月，全国百城新建商品住宅去库存周期（存销比）达27.4个月，较行业合理值增加近一倍，去化速 度明显放缓。上海易居房地产研究院副院长严跃进提及，此次是时隔9年再提去库存。上一次中央经济工作会议提及"去库存"是在2016年，彼时主 要针对三四线城市库存过多问题。 "从大方向来看，一线城市去库存的压力相对较小，但在优化供 ...

中央经济工作会议12月10日至11日在北京举行。会议总结2025年经济工作，分析当前经济形势，部署 2026年经济工作。 在关于房地产方面，会议明确：坚持守牢底线，积极稳妥化解重点领域风险。着力稳定房地产市场，因 城施策控增量、去库存、优供给，鼓励收购存量商品房重点用于保障性住房等。深化住房公积金制度改 革，有序推动"好房子"建设。加快构建房地产发展新模式。积极有序化解地方政府债务风险，督促各地 主动化债，不得违规新增隐性债务。优化债务重组和置换办法，多措并举化解地方政府融资平台经营性 债务风险。 在最新的房地产工作要求下，2026年房地产市场会怎样？南都湾财社记者为此采访了房地产机构及多名 资深业界人士进行解读。 "稳楼市"依然是2026年房地产的政策目标 中指研究院指出，本次会议明确了2026年经济工作的八项重点任务，"坚持内需主导，建设强大国内市 场"居首，而房地产作为最大的内需之一，在扩大内需方面依然要发挥重要作用，预计2026年房地产政 策将继续落实。 在"清理消费领域不合理限制措施"方面，预计住房领域不合理限制性措施将得到进一步优化调整，特别 是北上深等城市的限购政策，包括商办市场的限购政策均有优 ...

Core Viewpoint - The Central Economic Work Conference emphasizes the transition to a stock economy, highlighting the need for strategic responses to external economic pressures and the importance of balancing domestic economic work with international trade dynamics [1][2][3]. Group 1: Economic Strategy and Policy - The conference indicates a shift in focus towards internal capabilities to address external challenges, with a commitment to "stability while seeking progress" as a guiding principle for economic work [2][3]. - The emphasis on expanding domestic demand is identified as a key strategy to counter external shocks, with specific actions to boost consumer spending and increase residents' income [3][17]. - Investment policies will aim to stabilize and increase central budget investments, aligning with major project launches in the early years of the 14th Five-Year Plan [3][17]. Group 2: Trade and External Relations - The conference acknowledges the deepening impact of external environmental changes, reflecting a more confident stance in dealing with tariffs and technology restrictions [2][16]. - There is a focus on integrating trade and investment, as well as domestic and foreign trade, to enhance resilience in external demand [18]. Group 3: Fiscal and Monetary Policy - The fiscal policy will maintain necessary deficits and debt levels while optimizing project implementation, with expectations for a slight increase in the fiscal deficit rate to 4.2-4.5% [19][20]. - Monetary policy will remain flexible, with anticipated adjustments including a reduction in reserve requirements and interest rates, while also considering price stability as a new objective [20][21]. Group 4: Innovation and Structural Reform - The conference stresses the importance of innovation-driven growth, with initiatives to develop new economic drivers and enhance the quality of existing industries [22][23]. - There is a commitment to reforming the market structure to prevent "involution" and promote a unified national market, ensuring that traditional industries are not neglected in favor of new developments [23]. Group 5: Real Estate and Risk Management - The conference outlines measures to stabilize the real estate market, including targeted policies for inventory reduction and supply optimization [24]. - It also addresses the need to manage risks in key areas such as local government debt and small financial institutions, indicating a proactive approach to financial stability [12][24].

Core Viewpoint - The State Council emphasizes the need for urban renewal actions to integrate with safety hazard elimination and stabilize the real estate market, focusing on high-quality development in housing and real estate [1] Group 1: Urban Renewal and City Development - Urban growth is shifting from large-scale expansion to improving existing stock, with urban renewal as a key approach to enhance urban quality [1] - The main tasks of urban renewal include assessing urban conditions to identify urgent issues faced by residents, such as public service gaps [1] - The renovation of old residential areas consists of three levels: basic, improvement, and enhancement, addressing infrastructure upgrades and adding community services [1] Group 2: Complete Community Construction - The goal of complete community construction is to create a sense of belonging for residents within a 5-10 minute walking distance to essential services and facilities [2] - Updating old neighborhoods and facilities can inject new vitality into these areas, promoting new economic activities and enhancing community governance [2] - The housing market's focus has shifted to ensuring that existing properties meet the needs of residents and industries, emphasizing the importance of using properties effectively [2] Group 3: Policy Shifts and Market Dynamics - The focus of housing policies is transitioning from stimulating demand to evaluating the effective use of existing properties, addressing both supply and demand sides [3] - As of this year, 449 cities have initiated urban assessments, with 287 cities starting the renovation of old residential areas, indicating a nationwide effort in urban renewal [3] - The government is prioritizing the improvement of housing quality and property management as part of the urban renewal strategy [4] Group 4: Employment and Economic Recovery - Urban renewal is driving new business models and consumption patterns, contributing to job creation and economic recovery [4] - Recent government initiatives include financial support for families and education, aiming to enhance the overall economic environment and stabilize housing values [4] - The combination of supply-side initiatives and demand-side recovery efforts is crucial for reinforcing the value of housing and stabilizing the market [4]

Core Viewpoint - The article emphasizes the importance of urban renewal and the integration of safety hazard elimination and real estate market stabilization, aiming for high-quality development in the housing sector [2][3]. Group 1: Government Policies - The State Council highlighted the need to combine urban renewal with safety hazard elimination and real estate market stabilization, promoting the construction of quality housing [2]. - The People's Bank of China (PBOC) called for enhanced macro-prudential management in real estate finance to ensure a stable and healthy market, supporting the establishment of a new development model for real estate [4]. - Local governments have been actively releasing policies to stabilize the market, with a focus on housing provident funds, quality housing, and affordable housing initiatives [5][16]. Group 2: Local Initiatives - Zhejiang Province plans to complete and deliver 150,000 units of various types of affordable housing by 2026, alongside urban village renovations and improvements to old residential elevators [7]. - Nanning introduced eight new policies to stabilize the market, including subsidies for newlyweds and families with two or three children, offering 20,000, 30,000, and 60,000 yuan respectively for home purchases [8][10]. - Changzhou announced a subsidy of up to 200,000 yuan for first-time homebuyers purchasing properties under 75 square meters, aimed at supporting families in need [11]. Group 3: Policy Trends - The frequency of policy releases aimed at stabilizing the market remains high, with a notable emphasis on housing provident funds and affordable housing as key areas of focus [16][21]. - The recent "14th Five-Year Plan" proposals from various provinces stress the need for a new development model in real estate, indicating a shift towards high-quality development [6][18]. - The PBOC's ongoing adjustments to housing provident fund policies reflect a significant potential for further optimization, which is crucial for market stability [21].

12月3日，国务院进行第十七次专题学习，总理李强在会上强调，要深入实施城市更新行动，把城市更新和消除安全隐患、稳楼市等工作结合起 来，扎实推进好房子建设和房地产高质量发展。 可以说，在新的房地产发展语境之下，房价已经逐渐退化为结果性指标。非唯一目标。 不同城市、群体之间的居住需求差异还在不断放大，价格上涨没涨，已不再是市场的真实面貌！ 从过往经验来看，近几年围绕房地产的所有举措几乎都围绕一个核心，那就是先托底，再重构。 根据国家统计局的数据显示，截止10月，全国商品房销售面积及销售金额仍在小幅回落，整体修复节奏偏缓。 也正是在这样的现实背景之下，稳楼市的意义反而愈发凸显。 在今年内中央遴选了20个城市更新示范城市，在财政层面累计投入超过200亿，重点用于老旧小区，城中村基础建设等方向。 当然这也并不是要让房地产重回高歌猛进的老路，而是在历经多年的下探和挤压之后，通过更系统有序的方式为市场寻找一套可持续的运行逻 辑。 与过去相比，本轮的稳楼市路径也将发生改变，在两三年前，更多体现在政策松绑以及需求刺激上。 例如限购松动，首付下降，利率下调，补贴支持等手段更为直接。 但这些工具逐步用尽后，边际效应开始显现，单纯从 ...