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年中经济观察丨供需两端协同改善 房地产长效机制稳步构建——中国经济年中观察之七
Xin Hua Wang· 2025-08-12 05:42
Core Viewpoint - The real estate market in China is showing signs of stabilization and recovery due to effective policy adjustments and improvements in both supply and demand dynamics [1][6]. Group 1: Market Activity - In major cities, the new housing market has seen increased activity, with Shanghai reporting a 38% year-on-year increase in daily sales volume, and Beijing's new residential contracts rising by 11.9% [2][3]. - The second-hand housing market is also active, with a reported average of 35 transactions per day in Beijing since July [2][3]. - Nationally, the transaction volume of second-hand homes has increased, with Chengdu seeing a 19.8% year-on-year growth in transactions [3]. Group 2: Policy Measures - Various local governments are implementing policies to enhance housing supply, including the construction of affordable rental housing and the introduction of financial incentives for homebuyers [4][5]. - The introduction of policies such as "带押过户" (mortgage transfer) in Chengdu has facilitated smoother transactions in the second-hand market [3]. - The central government is advocating for a new real estate development model that emphasizes structural reforms in land supply and housing demand forecasting [8]. Group 3: Supply and Demand Balance - The construction of affordable housing is being prioritized, with significant numbers of new units being built across various regions, including 10.3 million units in Guangdong and 2.7 million in Beijing [4][5]. - Efforts to improve housing quality are underway, with policies aimed at enhancing the construction of high-quality homes [5][6]. - The overall funding situation for real estate developers is improving, with a reduction in the decline of funds available to developers by 16.4 percentage points year-on-year [6]. Group 4: Future Outlook - The ongoing urbanization process is expected to create new housing demands, particularly in lower-tier cities, as more people return to their hometowns [7]. - Experts believe that the real estate market still has significant growth potential, driven by structural changes in population and housing needs [7][8]. - The government is focused on stabilizing the market and ensuring a balanced supply-demand relationship through targeted reforms and policies [8].
供需两端协同改善 房地产长效机制稳步构建——中国经济年中观察之七
Xin Hua She· 2025-07-22 14:01
Core Viewpoint - The real estate market is showing signs of stabilization and recovery due to ongoing policy adjustments and market dynamics, with both new and second-hand housing transactions increasing significantly in major cities [1][2][3]. Market Activity - In the first half of the year, major cities like Shanghai, Beijing, Shenzhen, and Guangzhou reported substantial increases in new housing transactions, with Shanghai's daily sales averaging about 10,000 square meters, a 38% year-on-year increase [2]. - The second-hand housing market is also active, with Beijing's transaction volume averaging around 35 deals per weekend in July [2][3]. - Nationally, the second-hand housing transaction volume has increased, with Chengdu reporting a 19.8% year-on-year growth in the first half of the year [3]. Policy Impact - Various local governments are implementing policies to stimulate the housing market, such as reducing down payment ratios and providing financial incentives for families [3][4]. - The introduction of "带押过户" (mortgage transfer) policies in cities like Chengdu has facilitated smoother transactions in the second-hand market [3]. Supply and Demand Balance - There is a concerted effort to increase the supply of affordable housing, with significant projects underway in cities like Ningbo and Beijing, aiming to meet the growing demand for rental properties [4]. - The construction of high-quality housing is being prioritized, with local governments providing financial support to developers to enhance housing quality [5]. Future Outlook - Experts suggest that the ongoing urbanization process and the influx of new residents will continue to drive demand in the real estate market, indicating substantial growth potential [7][8]. - The central government is advocating for a new model of real estate development that emphasizes structural reforms in land supply and housing demand forecasting [8].
政治局会议首提“加大高品质住房供给”,地产股提前上涨,土拍释放回暖信号
Hua Xia Shi Bao· 2025-04-26 12:35
Group 1 - The core focus of the recent Politburo meeting was on the real estate sector, emphasizing the need for a new development model and increased supply of high-quality housing [2][3] - The meeting reiterated the importance of risk prevention in key areas, including the implementation of local government debt resolution policies and urban renewal initiatives [3][4] - The collaboration between local government debt management, urban renewal, and housing supply reforms is expected to mitigate systemic risks and inject new momentum into the market [3][4] Group 2 - The Politburo meeting marked the first mention of increasing the supply of high-quality housing, indicating a shift from quantity expansion to quality improvement in the real estate sector [5] - New national standards for residential projects are set to be implemented in May, with several cities already following suit to promote high-quality housing construction [5] - The real estate market is showing signs of recovery, with significant stock price increases in the real estate sector following the policy announcements, indicating positive market sentiment [6][7] Group 3 - The land auction market has seen increased activity, with average premium rates around 20% in 22 key cities, signaling a growing demand for residential land [7] - The trend of government policies gradually withdrawing price controls is expected to facilitate a diverse range of housing needs, encouraging developers to focus on high-quality products [7]