Vice President Yan Yuejin of the Shanghai Real Estate Research Institute: Stabilizing the real estate market requires increasing the ability and motivation to reduce inventory.

The Central Economic Work Conference pointed out the need to focus on stabilizing the real estate market, adopting city-specific measures to control the increase in supply, reduce inventory, and improve the supply, encouraging the purchase of existing commercial housing for the purpose of affordable housing, etc. Deepening the reform of the housing provident fund system, promoting the orderly construction of "good houses", and accelerating the development of a new model for real estate development. Yan Yuejin, deputy director of the E-House Real Estate Research Institute in Shanghai, said that the conference mentioned the need to focus on stabilizing the real estate market, mainly involving two ways: city-specific measures to control the increase in supply, reduce inventory, and improve the supply, and encouraging the purchase of existing commercial housing for affordable housing, etc. The core content essentially focuses on reducing inventory. It can be said that the key to stabilizing the real estate market lies in reducing inventory, requiring an increase in the ability and motivation to reduce inventory, and exploring new demand points.