Ministry of Housing and Urban-Rural Development: Grasp the "two overall planning" to promote the high-quality development of the real estate industry.

Minister of Housing and Urban-Rural Development Ni Hong recently stated that during the "14th Five-Year Plan" period, the task of ensuring the delivery of buildings and houses was fully completed, accelerating the establishment of a new development model for the real estate sector, and forming a social consensus on the construction of "good houses." During the "15th Five-Year Plan" period, it is important to coordinate "two aspects" and promote the high-quality development of the real estate sector. Ni Hong said that during the "15th Five-Year Plan" period, in order to promote the high-quality development of the real estate sector, it is necessary to accurately grasp the significant changes in the supply and demand relationship in the real estate market, recognize that the new urbanization in China is still progressing, there is ample room for optimization and adjustment of urban existing resources, people have formed new expectations for "good houses," and there is still considerable development potential in the real estate sector. It is important to fully understand that the increasing proportion of second-hand housing transactions is a trend in the future period and to treat the new housing market and the second-hand housing market as a whole. Furthermore, it is necessary to accelerate the establishment of a new development model for the real estate sector, firmly grasp the point of ensuring that people have decent housing, and balance relationships such as current and long-term, top-level design and city-specific policies, market and security, rental and purchase, incremental and stock, promoting development and preventing risks. It is important to adhere to both policy support and reforms, ensuring a smooth and orderly transition from old to new models. It is necessary to implement city-specific policies, precise measures, and one policy for each city. City governments should effectively use their autonomy in controlling the real estate market, adjust and optimize real estate policies according to local conditions, and promote the sustainable and healthy development of the real estate market. Ni Hong emphasized the importance of coordinating the prevention of risks and promoting transformation in practical work. On one hand, it is necessary to prevent and resolve risks related to real estate corporate debt, strengthen supervision of sales funds, protect the legitimate rights and interests of homebuyers, and promote the establishment of a mechanism linking people, housing, and money. On the other hand, it is important to balance the improvement of living standards and stable economic growth, advance the renovation of old urban neighborhoods and dilapidated buildings, and enhance the role of housing provident funds. The focus should be on building "good houses" with good standards, design, materials, construction, and maintenance, meeting the diverse housing needs of the people with high-quality supply.