The recently concluded Central Economic Work Conference put forward specific requirements for real estate in the deployment of next year's economic work. Compared to last year, real estate work is still classified as “mitigating risks in key areas”. There aren't many words, but there are new changes in policy goals, directions, and tools. 1. Policy goals have changed. The goal proposed last year was to “continue to push the real estate market to stop falling and stabilize,” but this time it is proposed to “focus on stabilizing the real estate market,” changing from “stopping the decline” to “focusing on stability,” which highlights policy determination, which means how to consolidate the “steady” trend of the policy. 2. There has been a change in policy direction. Last year, emphasis was placed on “rationally controlling new land use” and “promoting disposal of existing commercial housing.” This time, for the first time, “controlling growth, removing inventory, and improving supply” were clearly listed as the core direction. Among them, “excellent supply” is a new term that first appeared, which means that next year's policy is a set of “combo punches” made concerted efforts. Before supplying land, all regions must consider the issue of good inventory. While removing inventory, “people's livelihood security” must also be taken into account. 3. Policy tools have changed. This time, for the first time, the reform of the Provident Fund and the construction of a “good house” have clearly become new policy targets for next year. 4. The term “urban renewal” was placed much earlier. Last year, “stepping up implementation of urban villages and dilapidated housing renovation” was included in the real estate section, but this time, “urban renewal” suddenly jumped into the first part and became an important task in adhering to the dominance of domestic demand. It shows that the status of urban renewal will rise next year, and the promotion will be further strengthened.

The recently concluded Central Economic Work Conference put forward specific requirements for real estate in the deployment of next year's economic work. Compared to last year, real estate work is still classified as “mitigating risks in key areas”. There aren't many words, but there are new changes in policy goals, directions, and tools. 1. Policy goals have changed. The goal proposed last year was to “continue to push the real estate market to stop falling and stabilize,” but this time it is proposed to “focus on stabilizing the real estate market,” changing from “stopping the decline” to “focusing on stability,” which highlights policy determination, which means how to consolidate the “steady” trend of the policy. 2. There has been a change in policy direction. Last year, emphasis was placed on “rationally controlling new land use” and “promoting disposal of existing commercial housing.” This time, for the first time, “controlling growth, removing inventory, and improving supply” were clearly listed as the core direction. Among them, “excellent supply” is a new term that first appeared, which means that next year's policy is a set of “combo punches” made concerted efforts. Before supplying land, all regions must consider the issue of good inventory. While removing inventory, “people's livelihood security” must also be taken into account. 3. Policy tools have changed. This time, for the first time, the reform of the Provident Fund and the construction of a “good house” have clearly become new policy targets for next year. 4. The term “urban renewal” was placed much earlier. Last year, “stepping up implementation of urban villages and dilapidated housing renovation” was included in the real estate section, but this time, “urban renewal” suddenly jumped into the first part and became an important task in adhering to the dominance of domestic demand. It shows that the status of urban renewal will rise next year, and the promotion will be further strengthened.