Zhongfangbao: Efforts to stabilize the real estate market should focus on building up "early reserves"

The China Real Estate News published a commentary stating that in the face of complex and ever-changing internal and external challenges, the achievements of the real estate market so far this year have not come easily. It will lay a solid foundation and inject firm confidence for efforts to stabilize the real estate market. Therefore, May and June are crucial, and localities must continue to work on "preemptive measures" to stabilize the real estate market. The more detailed and practical the work of stabilizing the "preemptive measures" for the real estate market, the stronger the foundation for stabilizing the real estate market will be built. The stability and vitality of the real estate market should be reflected in the transformation of "good houses" to better quality, with innovative energy of "good houses" being further released and expanding continuously. The stability and vitality of the real estate market should also be reflected in overall demand satisfaction, with efforts to smooth the housing replacement cycle. The core value of the housing replacement policy of exchanging old for new lies in breaking this deadlock through institutional innovation. Localities should focus on building bridges for the disposal of old houses and the purchase of new houses through government guidance, state-owned enterprise participation, market operation and other methods, which not only facilitate the replacement process, but also reassure buyers about price stability. At the same time, efforts will be made to increase funding support for the conversion of existing commercial housing into affordable housing, resettlement housing, dormitories, and talent housing. This will provide stable channels for the digestion of inventory to speed up market clearance, while effectively expanding the sources of affordable housing supply, shortening the construction period, and solving the housing difficulties of key groups such as middle and low-income earners, new immigrants, and young people at relatively low social costs. This will create a good overall pattern of well-managed first-hand housing, active second-hand housing, and market-oriented high-end, supportive medium-end, and guaranteed low-end housing, to accumulate strength and support for stabilizing and developing the real estate market with high quality.