Daily Economic News Information Picture

On April 25, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work.

The meeting pointed out the direction for the subsequent development of the real estate market from multiple dimensions such as risk prevention, urban renewal, and construction of new market models, and sent out positive and strong policy signals.

The meeting pointed out that we must continue to work hard to prevent and resolve risks in key areas.

Data from the National Bureau of Statistics showed that the year-on-year decline in the national commercial housing sales scale in the first quarter was significantly narrowed. Data from China Index Academy shows that in March, the sales area of ​​new houses in 100 key cities and the transaction volume of second-hand houses in 30 key cities increased year-on-year.

"This meeting emphasized the 'continuous consolidation of the stable trend of the real estate market'. It is expected that the policies will continue to protect real estate and promptly introduce targeted measures according to changes in the market situation." Chen Wenjing, director of policy research at the China Index Academy, said.

The meeting also mentioned that efforts should be made to implement urban renewal actions and to effectively and orderly promote the renovation of urban villages and dilapidated houses.

"Strongly and orderly promote the renovation of urban villages and dilapidated houses is a key task this year. Through urban village renovation, not only can living conditions be improved, but more market demand can also be activated, which is closely related to the current boost of domestic demand." On the afternoon of April 25, Yan Yuejin, deputy director of Shanghai E-House Real Estate Research Institute, told the reporter of "Daily Economic News".

In addition, the meeting pointed out that we should accelerate the construction of a new model of real estate development, increase the supply of high-quality housing, optimize the acquisition policies for existing commercial housing, and continue to consolidate the stable trend of the real estate market. Continue to stabilize and active the capital market.

In Chen Wenjing's view, the position of "accelerating the construction of a new model of real estate development" is ahead of schedule, and the importance is further highlighted. Accelerating the construction of a new model of real estate development is conducive to the stable and healthy development of the industry in the medium and long term. It is expected that more supporting policies for new models will be further improved and substantively implemented in 2025.

Chen Wenjing said that the meeting proposed for the first time to " increase the supply of high-quality housing " . Compared with the "Government Work Report" of the Two Sessions, " adapting to the people's high-quality living needs, improving standards and specifications, and promoting the construction of safe, comfortable, green and smart "good houses" " and further emphasizes the high quality of housing.

The Ministry of Housing and Urban-Rural Development has issued the national standard "Residential Project Specifications" and will be implemented on May 1. Some cities have also issued relevant standards for the construction of " good houses " . It is expected that relevant policies will be further improved in the future. More cities will implement standards and specifications to help the construction of high-quality housing. " Good houses " are expected to increase in volume.

Zhang Bo, director of 58 Anjuke Research Institute, also mentioned that the meeting clearly stated that "accelerate the construction of a new model of real estate development and increase the supply of high-quality housing", which marked the further clarity of the transformation path of the industry from scale expansion to quality improvement, and guided the industry to transform from incremental development to quality competition.

"Overall, this meeting pointed out the direction for the subsequent development of the real estate market, especially the second quarter development, and put forward specific requirements in preventing risks, optimizing stocks, optimizing supply, etc., which is of great significance to promoting the stable and healthy development of the real estate market." Yan Yuejin said.

Zhang Bo expects that subsequent policies will be implemented faster. First-tier cities, including going north, are expected to accelerate the implementation of existing housing renovation and optimize purchase and sale restrictions; second- and third-tier cities may activate the market by lowering the threshold for buying houses and increasing housing subsidies. The general trend of the real estate market stopping decline and stabilizing has been further strengthened, and the certainty of the long-term healthy development of the real estate industry has been further strengthened.

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[Editor in charge: Xie Wei PF123]