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national bureau of statistics: the real estate market still has great potential and space

2024-09-14

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china business network, september 14th. on the morning of september 14th, the state council information office held a press conference on the operation of the national economy in august 2024. liu aihua, spokesperson, chief economist, and director of the national economic comprehensive statistics department of the national bureau of statistics, answered reporters' questions at the meeting and said that from the perspective of future development, china's urbanization process is continuing to advance, and the new model of real estate development is accelerating. the real estate market still has great potential and space. we must continue to adhere to the city-specific policies, accelerate the implementation of various policies, and promote the gradual realization of stable and healthy development of the real estate market, so as to better meet the housing needs of the people. play a better role.
the transcript of the press conference is as follows:
reporter:how do you view the current trend of the real estate industry? how are the effectiveness of local real estate support measures? the next stage is the traditional "golden september and silver october" in the real estate market. how do you view the trend in the next stage? thank you.
liu aihua:your question is about the real estate sector. judging from the main indicators of the real estate market released, some indicators have shown marginal narrowing under the influence of a series of policy measures. from january to august, real estate development investment fell by 10.2%, the same decline as from january to july; the sales area of ​​commercial housing fell by 18%, the decline narrowed by 0.6 percentage points; the sales of commercial housing fell by 23.6%, the decline narrowed by 0.7 percentage points; the area of ​​new housing construction fell by 22.5%, the decline narrowed by 0.7 percentage points.
judging from these changes, the current real estate market continues to be adjusted. from the perspective of future development, china's urbanization process is continuing to advance, and the new model of real estate development is accelerating. the real estate market still has great potential and space. we must continue to adhere to the city-specific policy, accelerate the implementation of various policies, promote the gradual realization of stable and healthy development of the real estate market, and play a better role in better meeting the housing needs of the people. thank you.
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