GuShiio.com ① “We will work with relevant departments to combine the strengths and weaknesses, treat both the symptoms and root causes, and resolutely stabilize the property market.” Ni Hong, Minister of Housing and Urban-Rural Development, said.
② Regarding how to stabilize the property market, Ni Hong said that he will work hard from four aspects.
Financial Union, March 9 (Reporter Li Jie)“Resolutely stabilize the property market” was mentioned again at the two sessions.
On the afternoon of March 9, Ni Hong, Minister of Housing and Urban-Rural Development, said at a press conference on the theme of people’s livelihood at the Third Session of the 14th National People’s Congress,”We will work with relevant departments to combine the strengths and weaknesses, address both the symptoms and root causes, and resolutely stabilize the property market.”
“Stabilizing the property market and stock market is related to people’s assets and economic stability. It has become a battle that must be won.” Jia Kang, a researcher at China Academy of Fiscal Sciences, said that the real estate market is currently very obviously accelerating the pace of stabilization. Volatility is still inevitable for a period of time, and some local troubles will occur. However, the market will generally become more and more healthy, and it is very clear that stabilization is the leading factor.
In fact, the “Government Work Report” on March 5 included “stabilizing the property market” into the overall requirements for the first time, and used considerable space to introduce real estate policy measures. At the macro level, it expressed that it would provide greater support to real estate, further emphasizing the importance of stabilizing the property market.
Many analysts believe that the key to stabilizing the property market and promoting the real estate market to “stop falling and stabilize” in 2025 is the substantive implementation of various policies.
Regarding how to stabilize the property market, Ni Hong said that he would work hard from four aspects.
Consolidate the effect of policy “combination boxing”
“First, we should consolidate the effect of policy combination, continue to fight the battle to ensure the delivery of houses, increase the intensity of white-list loans, and fully guarantee the delivery of project construction in accordance with the requirements of all advance and all loans that should be made.” Ni Hong said at a press conference.
Ni Hong introduced that since September last year, real estate policies have continued to be exerted. Various localities have implemented policies based on cities, implemented precise policies, and implemented one city, and vigorously supported the rigid and improved needs of residents. Through efforts to secure housing, the annual goals and tasks have been completed. With the efforts of all parties, market confidence has been effectively boosted and positive changes have taken place in the real estate market. Judging from statistics, the real estate market maintained a positive momentum of stopping decline and stabilizing in January and February this year.
According to data from the China Central Index Institute, as of now, the loan amount of commercial banks ‘real estate “whitelist” projects exceeds 6 trillion yuan, and the real estate financing coordination mechanism has supported the construction and delivery of more than 15 million housing units. In 2025, the coordination mechanism will still play an important role in ensuring and delivering houses. role.
Li Yujia, chief researcher of the Housing Policy Research Center of Guangdong Province, believes that there is still room for existing policies. The key is to implement relevant measures well and implement them in place to open up blockages in policy implementation. At the same time, there is still room for structural adjustment in terms of “reducing costs, lowering thresholds, and raising expectations.”
Efforts should be made to implement the renovation of villages in cities and dilapidated houses
“The second is to strive to implement the renovation of villages in cities and dilapidated houses, and steadily promote monetary resettlement so that residents of villages in cities have more independent choices.” Ni Hong said.
It introduced that since the central government deployed and implemented urban renewal in 2019, a total of 280,000 old urban communities have been renovated, benefiting 120 million residents and installing more than 130,000 elevators.
Ni Hong said that efforts will be made to implement a number of urban renewal projects that benefit people’s livelihood, promote development and prevent risks. In terms of people’s livelihood, all old urban communities built before 2000 must be included in the scope of urban renewal and renovation, renovation should be implemented according to local conditions, and local residents should be encouraged to explore the independent renovation of old houses; the scope of urban village renovation has now been expanded to include cities at prefecture level and above across the country., the next step is to continue to expand the scope of renovation; Vigorously promote the construction of complete communities, focusing on “one old and one small”, and improve the construction of barrier-free and age-friendly supporting facilities, government childcare service facilities, and children’s activity venues.
“This time, Minister Ni Hong once again emphasized the need to continue to expand the scale of renovation on the basis of adding 1 million new units. It is expected that core cities will optimize purchase restriction policies and vigorously promote monetization or housing ticket resettlement and urban village renovation, which will be important measures to increase housing demand in 2025.” Analysts from the China Index Institute believe.
Promote the acquisition of existing commercial housing
“The third is to promote the acquisition of existing commercial housing and support local governments to fully exercise autonomy in the price and use of the acquisition entity.” Ni Hong pointed out.
In terms of use, Ni Hong proposed that “the purchased commercial housing should be preferentially used for affordable housing, urban village renovation and resettlement housing, talent housing, youth apartments and employee dormitories, etc.”
It is reported that this year’s local government special debt arrangement is 4.4 trillion yuan, one of which is to repurchase idle land and purchase existing commercial housing.
“The promotion of the acquisition of existing commercial housing emphasizes giving city governments greater autonomy in terms of acquisition entities, prices and uses, indicating that supporting policies will continue to be followed up in the future to open up the current bottlenecks in the acquisition of existing commercial housing.” Analysts at the China Index Institute said.
“Without restricting acquisition entities, and allowing state-owned enterprises and urban investment companies to participate, it not only reduces the financial pressure and reduces the allocation and placement of projects after the acquisition, but also allows multiple parties to apply for special bonds to maximize the use of fiscal funds. The effect of allocating thousands of pounds. Only by not restricting the purchase price can we avoid price stampede caused by acquisitions and help the price end stop falling and stabilize. There is no restriction on the use of acquisition, which means that in addition to being used for affordable housing, the commercial housing received can also be used for demolition and resettlement, talent housing, college dormitories, etc. The gap in these aspects is also relatively large.” Li Yujia said.
Promote the construction of good houses
Regarding building a good house, Ni Hong proposed to “reform and improve basic systems such as real estate development and sales, adapt to the needs of the people for high-quality housing, promote the construction of safe, comfortable, green and smart good houses, and promote the stable and healthy development of the real estate market.”
At the same time, when answering questions about “good houses”, Ni Hong said that the residential floor height standard will be adjusted to no less than 3 meters.
“Higher floors mean better ventilation and lighting conditions, which will help improve indoor air quality, enhance occupant comfort, and will also promote the transformation and upgrading of the construction industry.” Yan Yuejin, deputy director of the Yiju Research Institute, said that the implementation of the new regulations will promote the development of the construction industry in a direction of higher quality and consistent with good house standards. Developers need to pay more attention to the quality and details of their products, align such standards with local land specifications and optimization standards, and drive technological upgrades.
In fact, the construction of new real estate development models has continued to appear in important meetings in recent years, and the industry expects some new progress in relevant basic systems in 2025. The above-mentioned analyst said that the construction of “good houses” is also an important part of the new development model. It was included in the “Government Work Report” for the first time this year, which shows its importance. The increase in the supply of “good houses” is conducive to driving demand for improved housing into the market, and is also an important measure to promote the release of demand.
“I hope that all walks of life will support and participate in good house construction. In particular, real estate companies and construction companies should realize that building good houses is a new track for industrial transformation and development. If companies want to compete in the future, they must strive for new technologies, high-quality, and good services. Whoever can build and provide good services for the people will have a market.” Ni Hong pointed out.
