在房地产市场调整转型的过渡期，中国多个核心城市从供需两端发力，房地产市场交易走稳。 数据显示，今年前11个月，厦门、贵阳、武汉、深圳、昆明、上海等城市新房和二手房网签交易总量同 比保持增长。除基本面坚实、人口集聚效应较强外，这些城市还主动做政策"加减法"。 首先是做"减法"。今年以来，各地在供应端"控增量"。 广东省住房政策研究中心首席研究员李宇嘉表示，在供求关系发生重大变化的背景下，控制增量是缓解 库存压力、稳定房价和预期，实现止跌回稳的必经之路。 住建部政策研究中心副主任浦湛指出，房票安置一举多得，既为民众增加选择，避免了周转之苦，又有 利于去库存。地方政府应因地制宜，制定好方案，切实维护好民众合法权益。 "减法"的另一个重点是"降成本"。 多地在进一步调减限制性购房政策同时，扩大公积金使用范围、推动降低交易税费等，降低购房成本。 例如深圳市今年9月进一步调整购房政策，近期还出台公积金提取新规，允许购房首付款提取、购房税 款提取等。 广东阳江推行住房交易契税和换购住房个人所得税优惠政策。同时，支持预提公积金支付预售房首付款 等，还开展购房消费券发放活动，带动商品房成交6260套。 "减法"之外，各地还因城 ...

Core Viewpoint - The real estate market in several core cities in China is stabilizing through supply and demand adjustments, with new and second-hand housing transactions showing growth in the first 11 months of the year [1] Group 1: Supply-Side Adjustments - Cities are implementing "reduction" strategies by controlling new supply to alleviate inventory pressure and stabilize prices, with national real estate development investment down 15.9% and new construction area down 20.5% year-on-year [2] - In Guiyang, the focus has shifted from large-scale projects to smaller, high-quality land parcels, resulting in a 1.9% year-on-year increase in new housing sales over the first ten months [2] Group 2: Cost Reduction Measures - Various regions are reducing housing costs by adjusting restrictive purchasing policies and expanding the use of housing provident funds, such as Shenzhen's new regulations allowing for the withdrawal of funds for down payments and taxes [3] - Yangjiang in Guangdong has introduced tax incentives for housing transactions, which contributed to the sale of 6,260 units [3] Group 3: Policy Innovations - Innovative use of "housing vouchers" is being implemented in several areas, with Quzhou issuing 3,150 vouchers that generated nearly 2 billion yuan in sales and reduced the sales cycle for residential properties [4] - Xiamen has also adopted housing vouchers to channel demand into the primary housing market, resulting in the purchase of 8,743 units from January to October [4] Group 4: Focus on Housing Quality - Enhancing housing quality is a key focus for many regions, with a push for high-quality residential projects that meet market demand, as seen in Wuhan where over 40 premium projects were launched, selling more than 15,000 units [6] - In Dezhou, Shandong, 11 high-quality residential projects sold over 2,800 units, accounting for 20% of the city's total housing sales [6]

Core Viewpoint - The real estate market in several core cities in China is stabilizing amid adjustments and transformations, with both new and second-hand housing transactions showing growth in the first 11 months of the year [1] Supply-Side Adjustments - Cities are implementing "reduction" strategies by controlling supply to alleviate inventory pressure and stabilize prices. National real estate development investment decreased by 15.9% year-on-year, and new construction area fell by 20.5% [2] - In Guiyang, the focus has shifted from large-scale projects to smaller, high-quality land parcels, with new housing sales increasing by 1.9% year-on-year, marking 17 consecutive months of growth [2] Cost Reduction Initiatives - Various regions are reducing housing costs by adjusting restrictive purchasing policies and expanding the use of housing provident funds. For instance, Shenzhen has allowed the withdrawal of provident funds for down payments and taxes [3] - Yangjiang in Guangdong has introduced tax incentives for housing transactions, which contributed to the sale of 6,260 units [3] Policy Innovations - Some cities are innovatively using "housing tickets" to stimulate the market. In Quzhou, 3,150 housing tickets were issued, leading to nearly 2 billion yuan in sales and a significant reduction in the sales cycle [4] - Xiamen has implemented a housing ticket policy to channel demand into the primary housing market, resulting in the purchase of 8,743 units [4] Inventory Management Strategies - Hubei province is prioritizing the use of housing tickets or "purchase instead of construction" methods for resettlement, which helps to increase choices for residents and aids in inventory reduction [5] Quality Enhancement Focus - Improving housing quality is a key focus for many regions, with an emphasis on upgrading supply to meet demand. High-quality residential projects are gaining popularity, with Wuhan reporting over 15,000 units sold from premium projects [6] - In Dezhou, Shandong, 2,800 units from high-quality residential projects were sold, accounting for 20% of the city's total sales [6]