Real estate policies continue to be optimized with the launch of new measures to speed up urban revitalization in many places.

Urbanization in our country is shifting from a period of rapid growth to a phase of stable development. The development of cities is transitioning from a stage of large-scale incremental expansion to a phase focused on improving quality and efficiency of existing urban assets. The Central Political Bureau meeting held in July called for the implementation of the spirit of the Central Urban Work Conference and high-quality urban renewal. It is noted that various regions have been continuously optimizing housing policies this year to stabilize the real estate market. At the same time, the deployment of urban renewal is being accelerated to promote the optimization of urban structure and the transformation of momentum. Experts believe that urban renewal has become an important turning point in urban development. Carrying out urban renewal helps improve the quality and efficiency of existing urban assets, stimulate domestic demand, sustain the stability of the real estate market, and promote the transformation and upgrade of the real estate industry.