How to build a new model for real estate development? The Ministry of Housing and Urban-Rural Development has identified four key points
2024-08-24
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Introduction: Residents’ demands for a better living environment and good houses have not yet been met. This is the focus and direction of our work.
On August 23, at the "Promoting High-Quality Development" series of thematic press conferences held by the State Council Information Office, Ni Hong, Secretary of the Party Leadership Group and Minister of the Ministry of Housing and Urban-Rural Development, mentioned the construction of a new model for real estate development and gave a summary and interpretation of it from the perspectives of concepts, systems, institutions and elements.
Interpreting the new model from the perspective of concept, system, institution and elements
Building a new model for real estate development is a fundamental solution to solving real estate development problems and promoting stable and healthy real estate development.
When introducing the progress of real estate, construction and high-quality urban development, Ni Hong stated that in terms of housing and real estate, we will continue to optimize real estate policies, improve the housing security system, and strive to ensure that all people have a place to live.
In terms of building a new model for real estate development, Ni Hong summarized it into four aspects: First, in terms of concept, we should deeply understand the positioning of "houses are for living, not for speculation", and build good houses that meet the new expectations of the people. Second, in terms of system, the government should mainly meet rigid housing needs, and the market should mainly meet diversified housing needs for improvement. Third, in terms of system, we should reform and improve the system of real estate development, transaction and use, and lay a solid institutional foundation for the transformation and development of real estate. Fourth, in terms of factor allocation, we should establish a new mechanism for the linkage of "people, houses, land and money".
In this regard, Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban and Rural Planning Institute, believes that how to create a new model for real estate development? In the past, it was quite confusing in practice. But this time, Minister Ni Hong elaborated on the content of the new model, that is, to understand it from four dimensions: concept, system, institution, and elements. Despite the reversal of supply and demand, urbanization is still advancing in depth. In the field of food, clothing, housing and transportation, "food, clothing, transportation" has been fully developed, but the solution to housing is not very good. Residents' demand for a better living environment and a good house has not yet been met, which is the focus and direction of the work. The key to creating a new model for real estate development is to identify the new expectations of residents, promote reforms from the housing supply side, and implement good houses from the perspectives of housing, supporting facilities, quality, environment, and affordability.
Ni Hong said that at present, the supply and demand relationship in the real estate market has undergone major changes, and the market is still in an adjustment period. With the implementation of various policies, the market has seen positive changes. From the perspective of my country's urbanization development process and the people's new expectations for good houses, the real estate market still has great potential and space. As long as we have firm confidence, formulate policies based on the city, and implement them vigorously, we can promote the stable and healthy development of the real estate market.
Since the beginning of this year, every important meeting has mentioned the acceleration of building a new model for real estate development. The real estate content involved in the government work report at the National "Two Sessions" is the vane of the real estate market this year. The important information mentioned in this year's government work report is to adapt to the development trend of new urbanization and changes in the supply and demand relationship in the real estate market, and accelerate the construction of a new model for real estate development.
On July 21, the Third Plenary Session of the 20th CPC Central Committee reviewed and adopted the "Decision of the CPC Central Committee on Further Comprehensively Deepening Reforms and Promoting Chinese-style Modernization" (hereinafter referred to as the "Decision"), which proposed to accelerate the establishment of a housing system that combines renting and purchasing, and to accelerate the construction of a new model for real estate development.
Industry: The pace of housing system reform and policy optimization is expected to accelerate
In fact, building a new model for real estate development is a fundamental solution to solve the problems of real estate development and promote the stable and healthy development of real estate. Increasing the construction and supply of affordable housing, improving the housing supply system, and better meeting rigid and improved housing needs are important contents of building a new model for real estate development.
In Li Yujia's view, the key to the new real estate development model is to create a housing supply system of "market + guarantee"; the second is to explore how to build good houses; in addition, it is necessary to improve the basic systems of commercial housing, including land supply system, development system, sales system, delivery and maintenance, etc.
Chen Wenjing, director of market research at China Index Academy, said that the above-mentioned "Decision" clarified the overall ideas and principles for accelerating the construction of a new real estate development model, and pointed out specific measures, such as optimizing and improving the supply system, increasing the construction and supply of affordable housing, supporting the diversified improvement housing needs of urban and rural residents, vigorously and orderly promoting the sales of commercial housing, strengthening the supervision of pre-sale funds, strictly enforcing pre-sale thresholds, and improving regulatory policies. The general direction has been made clear, and specific supporting measures will gradually be implemented in the future.
Overall, "the pace of housing system reform and policy optimization is expected to further accelerate. In the short term, local governments will be further implemented based on their local conditions, and local governments will gain more regulatory autonomy. Policies on both the supply and demand sides of core cities may still be optimized in the future. In the second half of the year, as the impact of the high base weakens, the year-on-year decline in new home sales nationwide is expected to narrow." Chen Wenjing said.
Judging from the national real estate development investment and sales data in the first seven months of this year, under the influence of a series of policies, the decline of some real estate-related indicators continued to narrow. But at the same time, it should be noted that most real estate indicators are still declining, and the overall real estate market is still in adjustment. In this regard, Liu Aihua, spokesperson, chief economist, and director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, once said that in the next stage, we will adhere to the combination of digesting the stock and optimizing the increment, actively support the acquisition of stock commercial housing for use as affordable housing, further do a good job in the delivery of housing, accelerate the construction of a new model of real estate development, and promote the stable and healthy development of the real estate market.
He Tian, chief researcher of Jiancheng Think Tank, also said that building a new model for real estate development and accelerating the linkage of "people, housing, land, and money" are the foundation for the development of the industry. With the gradual establishment of a new model for real estate development, the real estate industry will also enter a new stage of development.
In the next step, "we will focus on the prominent contradictions that restrict the high-quality development of housing and urban and rural construction, with consolidating the foundation and deepening reform as the main line, improving the mechanism, system and rule of law as the focus, and allowing the people to live in green, low-carbon, smart and safe houses as the basis. We will coordinate the promotion of various reforms in the field of housing and urban and rural construction, accelerate the construction of a new model of real estate development, implement urban renewal actions in depth, further promote the transformation and upgrading of the construction industry, and systematically carry out the "four good" construction of good houses, good neighborhoods, good communities, and good urban areas to create livable, resilient and smart cities." Ni Hong said.
Beijing News reporter Yuan Xiuli
Proofread by Chen Diyan
