Core Viewpoint - The national housing and urban-rural construction work conference emphasized the importance of stabilizing the real estate market and outlined key tasks for 2026, marking the beginning of the "15th Five-Year Plan" period [1] Group 1: Stabilizing the Real Estate Market - The conference highlighted the need for city governments to utilize their autonomy in real estate market regulation, adjusting policies to support both rigid and improved housing demand [3] - It was noted that third and fourth-tier cities face greater inventory pressure, necessitating stronger policies for inventory reduction and a halt on new real estate land supply in high-inventory cities [3] - The conference proposed a new model for real estate development, focusing on project company systems, main bank systems for financing, and promoting the sale of existing homes [3][4] Group 2: Real Estate Development Potential - The Minister of Housing and Urban-Rural Development stated that the real estate sector still has significant potential, with the industry contributing 13% to GDP by 2024 [5] - The "15th Five-Year Plan" period aims to promote high-quality development in real estate, recognizing ongoing urbanization and the public's new expectations for quality housing [5] Group 3: Risk Management and Transformation - The conference called for a balance between risk prevention and transformation, emphasizing the need for real estate companies to adapt to industry changes and enhance product competitiveness [6] - Companies are encouraged to focus on advantageous cities and projects with high certainty while avoiding high-priced land to ensure operational safety and stability [6] Group 4: Quality Housing Initiatives - The conference outlined initiatives to improve housing quality, including new standards for residential projects and a design competition for quality housing [6] - The Ministry of Housing and Urban-Rural Development has introduced 14 new standards to enhance housing quality and plans to implement a housing quality improvement project [6]