On November 13, 2023, Ni Hong, Minister of Housing and Urban-Rural Development, introduced the relevant situation of promoting the high-quality development of housing and urban-rural construction at a press conference held by the Information Office of the People's Republic of China, and answered questions from reporters. Among them, he put forward the goal of the real estate market in 2024, that is, to achieve a balance between real estate supply and demand, adhere to the principle of city-specific policies and one city, and promote the stable, healthy and high-quality development of the real estate market.
Ni Hong said that the real estate market is an important part of the national economy, and it is also an important carrier of the people's rigid demand and improvement demand. At present, the relationship between supply and demand in China's real estate market has undergone major changes, including structural deficiencies and structural surpluses, rigid demand, speculation, and the demand for housing quality improvement, as well as the risk of housing fluctuations. These problems require us to proceed from the laws and characteristics of the real estate market and take scientific and effective measures to achieve a balance between real estate supply and demand.
Ni Hong said that in 2024, the Ministry of Housing and Urban-Rural Development will focus on the following aspects to promote the balanced development of the real estate market:
The first is to adhere to the positioning of "houses are for living, not for speculation", focusing on meeting the housing needs of the people, stabilizing the expectations of the real estate market, preventing housing prices from being too fast, and maintaining the smooth operation of the real estate market. At the same time, strengthen the supervision of the real estate market, standardize the order of the real estate market, crack down on violations of laws and regulations, protect the legitimate rights and interests of consumers, and maintain fair competition in the market.
The second is to adhere to the principle of city-specific policies and one city-one-policy, give full play to the main responsibility of the local government, and formulate and implement differentiated regulation and control policies according to the actual situation of the real estate market in various places, so as to prevent one-size-fits-all and loosen regulation. At the same time, strengthen the supervision and guidance of the provincial level, form a working mechanism of linkage and coordinated promotion, and ensure the implementation and implementation of real estate market regulation policies.
The third is to adhere to the direction of supply-side structural reform, optimize the supply structure of the real estate market, increase the number of small and medium-sized and ordinary housing, meet the demand for rigid and improved housing, and alleviate the contradiction between supply and demand in the real estate market. At the same time, we should speed up the development of affordable housing, establish a housing system that combines rental and purchase, expand the housing rental market, improve the efficiency of housing utilization, and meet diversified housing needs.
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Fourth, adhere to the innovation-driven development concept, promote the transformation and upgrading of the real estate market, build a new model of real estate development, and improve the quality and efficiency of the real estate market. At the same time, accelerate the establishment of a long-term mechanism for real estate, establish a new mechanism for the linkage of "people, housing, land and money", establish a full life cycle management mechanism for housing from development and construction to maintenance and use, establish a risk prevention and response mechanism for the real estate market, and realize the sustainable development of the real estate market.
Ni Hong stressed that the balanced development of the real estate market is not only related to the stability of the national economy, but also related to the happiness of the people. The Ministry of Housing and Urban-Rural Development will work with relevant departments to guide local governments to conscientiously implement the decision-making and deployment of the people, strive to meet the housing needs of the people, and promote the stable, healthy and high-quality development of the real estate market.