Core Viewpoint - The new housing policies in Hainan aim to optimize both supply and demand, enhancing support for families with multiple children and attracting talent, which is expected to stabilize the housing market in the region [1][10]. Demand Side Summary - The cancellation of ordinary and non-ordinary residential standards is a key change [5]. - Support for families with multiple children includes a reduction in the number of housing units counted for loan applications, allowing banks to apply housing credit policies based on this adjusted number [5]. - Residents looking to improve their housing conditions can receive a tax refund on personal income tax paid when selling their own home within a year of purchasing new housing [5]. - Talent recruitment is supported through continued access to housing purchase subsidies and rental subsidies for those renting guaranteed housing [5][9]. Supply Side Summary - The new policies encourage the activation of existing real estate land and properties, including increased support for purchasing existing properties for use as guaranteed housing and public rental housing [6]. - There is a focus on revitalizing existing commercial land and properties, allowing for their transformation into affordable housing or rental housing [7]. - The policies promote the use of housing vouchers for urban renewal projects in areas with high inventory of commercial housing [8]. Market Context - The new policies are a response to positive changes in the real estate market since the "9·26" meeting, with indicators showing that Hainan's real estate market is stabilizing and performing better than the national average [9]. - The introduction of these policies is expected to enhance the sense of well-being among residents and support the real estate sector's role in stabilizing the economy and promoting investment [9][10].