liu qiao: housing consumption may be an answer to the new model of real estate development in the future
2024-09-29
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liu qiao, dean of guanghua school of management, peking university (photo provided by the organizer)
on september 28, the 2024 tsinghua pbc chief economist forum was held in beijing. at the forum, liu qiao, dean of peking university guanghua school of management, talked about real estate issues and pointed out that the contribution of real estate to china's economy can be through investment or consumption. among them, buying a house is mainly investment, and in the future, through a large number of affordable rental housing , long-term rental apartments, allowing people to live in the city in the form of housing consumption. on the one hand, it may finally form a new model of real estate development. on the other hand, it may also relieve a large number of future new citizens from the pressure of mortgages and housing down payments. it will be released, and you will have more wealth, energy, and time to explore more freely. therefore, the overall contribution of real estate to gdp will actually be significantly higher than it is now. the real estate industry will always be an important node industry in china. behind the scenes, it may be necessary to rethink the real estate model, that is, from the simple developer model in the past to the "development model" in the future. with the transformation of the "business + operator" model, housing consumption may be an answer to the new model for further development of real estate in the future.
the paper reporter teng han
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