Core Viewpoint - The article by expert Ma Guangyuan outlines five key strategies to stabilize the real estate market in China, emphasizing the importance of preventing unfinished housing projects and addressing public concerns about housing prices and availability [1]. Group 1: Preventing Unfinished Projects - The first strategy focuses on ensuring that housing projects do not go unfinished, which is a major concern for buyers. Ma suggests that the government should guarantee that funds from home sales are not misused, thus preventing project failures. He advocates for a commitment from the government to support developers facing financial difficulties to avoid bankruptcies [2]. - The suggestion to eliminate the pre-sale system is also mentioned as a potential improvement to prevent unfinished projects [2]. Group 2: Price Protection for Buyers - The second strategy proposes a policy design that offers buyers price protection for a certain period. If housing prices drop within a year of purchase, buyers would receive full compensation, effectively providing a safety net and alleviating concerns about price declines. However, questions arise regarding who would fund this compensation [4]. Group 3: Housing Demand and Accessibility - The third strategy argues that housing demand still exists, as current living conditions are inadequate. Ma suggests removing purchase restrictions, lowering down payment ratios from 15% to 10%, and reducing mortgage rates to below 3% to ease the financial burden on potential buyers [5]. Group 4: Urban Renewal and Old Housing - The fourth strategy highlights the potential for urban renewal, noting that over 60% of housing stock predates the 1998 housing reform. Ma calls for a supportive framework to encourage the renovation of old properties, which could incentivize residents to move to new homes [7]. Group 5: Addressing Migrant Workers' Housing Needs - The fifth strategy emphasizes the need for government intervention to address the housing issues faced by migrant workers who have not fully integrated into urban areas. Ma argues for the design of policies that cater to this demographic, although skepticism exists regarding the feasibility of such initiatives [9]. Conclusion - Ma Guangyuan concludes by defending his research on real estate, asserting that a decisive approach to these strategies could significantly alter market expectations and mitigate economic risks associated with the housing sector [11].