On October 17, the State Information Office held a press conference. Five ministries and commissions, including the Ministry of Housing and Construction, jointly launched a series of real estate policy combinations, which will play an important role in stopping the decline and stabilizing the real estate market in the fourth quarter and beyond. Yan Yuejin, deputy director of the Shanghai Yiju Real Estate Research Institute, said that the press conference once again clarified the new work to implement urban village renovation, and proposed the implementation of 1 million additional urban village renovation and dilapidated housing renovation through monetary resettlement and other methods. This is once again giving urban villages a new mission after previously proposed speeding up the construction of the “three major projects” such as affordable housing. The method of monetized placement is also very similar to the 2014 model. The method of monetized placement mainly refers to issuing cash and room tickets. According to current developments in various regions, the author believes that housing tickets are more likely. This is also fully connected with the recent work idea of “digesting stocks and optimizing increments,” and will provide greater impetus and support for digesting inventory. It is foreseeable that in the current new round of real estate market development, urban village renovation work will become an important driving force for absorbing housing inventories, and it is also of positive significance for further optimization of the real estate supply and demand relationship.

On October 17, the State Information Office held a press conference. Five ministries and commissions, including the Ministry of Housing and Construction, jointly launched a series of real estate policy combinations, which will play an important role in stopping the decline and stabilizing the real estate market in the fourth quarter and beyond. Yan Yuejin, deputy director of the Shanghai Yiju Real Estate Research Institute, said that the press conference once again clarified the new work to implement urban village renovation, and proposed the implementation of 1 million additional urban village renovation and dilapidated housing renovation through monetary resettlement and other methods. This is once again giving urban villages a new mission after previously proposed speeding up the construction of the “three major projects” such as affordable housing. The method of monetized placement is also very similar to the 2014 model. The method of monetized placement mainly refers to issuing cash and room tickets. According to current developments in various regions, the author believes that housing tickets are more likely. This is also fully connected with the recent work idea of “digesting stocks and optimizing increments,” and will provide greater impetus and support for digesting inventory. It is foreseeable that in the current new round of real estate market development, urban village renovation work will become an important driving force for absorbing housing inventories, and it is also of positive significance for further optimization of the real estate supply and demand relationship.