□ commentator of this newspaper
This is definitely big news in the real estate market.
On April 30, the meeting of the Political Bureau of the Central Committee made new emphasis and deployment on the real estate market:
It is necessary to continue to prevent and resolve risks in key areas. We will continue to adhere to city-specific policies, consolidate the responsibilities of local governments, real estate enterprises, and financial institutions, and earnestly do a good job in ensuring the delivery of housing to protect the legitimate rights and interests of home buyers.
It is necessary to combine the new changes in the supply and demand relationship of the real estate market and the new expectations of the people for high-quality housing, coordinate the study of policies and measures to digest the stock of real estate and optimize the incremental housing, and pay close attention to building a new model of real estate development to promote the high-quality development of real estate.
This is the latest directional tone and guidance for the real estate market issued according to the domestic economic situation and development needs, following the "Government Work Report" of the two sessions this year to "optimize real estate policies, treat both symptoms and root causes and resolve real estate risks". It is very clear what problem the sword is pointing at and how to solve it.
It is very important to see the general trend clearly, and it is very important to be able to do good deeds. At present and for a period in the future, the blueprint for the reform and development of real estate has been drawn, the goal is clear, and the measures have been set, and the responsibility should be shouldered by various departments and local governments, and they will do good deeds to make them take root, blossom and bear fruit, and share worries for the party and benefit the people. Today, we're going to talk about it, hoping to help you see it clearly.
One
First of all, an important task of real estate is to ensure the delivery of housing, which is to practice the concept of housing construction for the people, highlight the people-centered value orientation, and effectively protect the legitimate rights and interests of buyers. Guaranteed delivery of housing and guaranteed delivery of buildings, the difference between one word, the novelty is prominent, the connotation is rich, the delivery can not be so-so, not fraudulent delivery, but must be really handed, must not be discounted, can make people live and live normally.
For the matter of guaranteeing the delivery of housing, it is impossible to overemphasize the responsibility. Ensuring the delivery of housing, ensuring people's livelihood and ensuring stability are interlocking. At the National Conference on Housing and Urban-Rural Development held in December 2023, Ni Hong, Secretary of the Party Leadership Group and Minister of the Ministry of Housing and Urban-Rural Development, said that 2024 is a critical year for the implementation of the "14th Five-Year Plan".
In the past two years, the Ministry of Housing and Urban-Rural Development has put the guarantee of housing delivery in an important position.
The confidence of real estate is not empty, but can be seen and touched, and its essence is the heart of the people, the hearts of buyers, and the heart of the market. If the real estate market is compared to a large pond, the water quality, the regulation of the water flow, and the sunlight that determine the activity of the pond are the main factors, but in the final analysis, the fish need to be happy and be able to swim in the water safely and freely. On the contrary, the water quality is spoiled, the fish lose their happiness and living environment, and the pond becomes a pool of stagnant water.
Since the delivery of the house is so important, we must not hesitate, we cannot shirk, we cannot evade, we must proceed from reality, start from the problem, think clearly, and do it in a down-to-earth manner. Local governments have the responsibility of local governments, that is, they must assume the responsibility for stability and development, play the role of overall planning, guidance and coordination, find out the bottom number, take one floor and one policy, and strictly grasp the delivery of housing as an important economic work. As a matter of fact, if the work of guaranteeing the delivery of housing is not effective, economic development will be disrupted; as long as the problem of ensuring the delivery of housing is not solved for a day, whether it is the local government, the enterprise, or the buyers, they will all be restless; real estate enterprises must assume commercial responsibility and credit responsibility, and if they cannot get rich, they will be happy, and if there is a problem, they will "lie flat" and run away, and they must reverse their work tasks and make every effort to ensure that the housing is delivered on time and with quality; of course, the responsibility of compacting financial institutions is the top priority, and financial institutions must assume the responsibility of bailing out and maintaining stability. icing on the cake", rather than "sending charcoal in the snow". Compacting the responsibility of financial institutions - this is the first time that the Political Bureau of the Central Committee has made it clear that the requirements have been put forward, and the top priority is to make the lending work in the urban real estate financing coordination mechanism fast, meticulous and practical, for the current situation of the real estate market and financing work, so to speak, any mistakes can be made, and the mistakes of losing opportunities can not be made. From the perspective of this situation, waiting, taking a look, and slowing down for half a beat may miss the opportunity and miss the historic opportunity, which will deeply affect the overall situation of guaranteed delivery and the stable development of the real estate market. No matter what kind of considerations financial institutions have, they must be guided by the policy of ensuring the delivery of housing, and the requirements should be implemented and effective, so to speak, in our country, individual interests should be subordinated to collective interests, partial interests should be subordinated to overall interests, and temporary interests should be subordinated to long-term interests. This is the fundamental ideological magic weapon for getting things done and doing great things. "White list" is an important hard currency in the current real estate market, for the current delivery of housing and "white list", financial institutions can not hesitate, many military failures in history, is caused by the delay of fighters, one is not aware of the need to act, one is aware of the need to act but did not act in time. If you see the right thing, you must move quickly, and if you can move, you will succeed, and you will be able to ensure the delivery of housing and the "white list" now that financial institutions need to move quickly, and it will eventually be successful.
Two
It is also time to continue to insist on implementing policies according to the city. This year, the real estate market recovery process, the most needed is to optimize the policy, some of the administrative restrictive measures introduced in the overheated real estate market, in the current situation of fundamental changes in the supply and demand of real estate in the mainland, can be adjusted and withdrawn as soon as possible. All departments, units and localities should pay close attention to formulating pragmatic and effective implementation measures, not to do superficial things, not to engage in fancy fists and embroidery legs, but to be vigorous and resolute, truth-seeking and pragmatic, and dare to do good deeds.
Ni Hong, Secretary of the Party Leadership Group and Minister of the Ministry of Housing and Urban-Rural Development, made it clear at the press conference on the theme of people's livelihood at the two sessions on March 9: To stabilize the market, the city government should make good use of the autonomy of regulation and control, and implement policies according to the city, precise policies, and one city and one policy.
Beijing, which is seen as the most heavily regulated, has responded quickly. On the evening of April 30, the Beijing Municipal Commission of Housing and Urban-Rural Development issued a notice on optimizing and adjusting the housing purchase restriction policy, proposing that on the basis of the implementation of the existing housing purchase restriction policy, residents who already own housing that have reached the purchase limit will be allowed to purchase a new house outside the Fifth Ring Road. This means that Beijing, a city that has attracted national attention, has stepped up its efforts to implement city-specific policies, and has implemented a 13-year-old housing purchase restriction policy since 2011, which has been optimized and adjusted for the first time.
In terms of administrative restrictive policies, Beijing has historically removed a checkpoint. The significance of the signal is very clear: the real estate regulation policy has reached the threshold of time, situation and local change, and it is necessary to make policy optimization, which is a necessary means to build a new model of real estate development, and it is the last word to promote the stable and healthy development of the real estate market.
On the fundamental issue of continuing to adhere to city-specific policies, another city is moving beautifully. Prior to the Politburo meeting, on April 28, Chengdu made a major change, announcing the complete lifting of housing purchase restrictions. This is another hot provincial capital city after Wuhan, Hefei, Nanjing and Changsha to cancel purchase restrictions.
What is the meaning of seeking truth from facts, this is seeking truth from facts. Seeking truth from facts is always the basis for us to formulate correct policies, and it is also the guarantee for implementing correct policies. History has repeatedly proven that as long as the principle of seeking truth from facts is implemented, economic construction will achieve the greatest victory.
Now, the most valuable thing in real estate is confidence, confidence is the heart of the people, the heart of consumers, and the heart of the market. If the real estate market is compared to a large pond, the water quality, the regulation of the water flow, and the sunlight that determine the activity of the pond are the ones that determine the activity of the pond, but in the final analysis, the happiness of the fish is needed, that is, the fish can swim safely and freely in the water.
When the real estate market is hot, in order to prevent real estate from becoming a means of speculation, economically developed cities have introduced the "four restrictions" policy of restricting purchases, loans, prices and sales, which has played a role in stabilizing the real estate market to a certain extent. Now, we are facing a situation where the supply and demand of the real estate market have changed, and the demand for rigid and improved housing needs to be met, and the real estate market policy should change with the times. This is seeking truth from facts, this is respecting the law, and this is precise policy.
For continuing to adhere to the city-specific policy, we believe that it is also a kind of looking at the overall situation and the general trend. What is the overall situation? Ensuring the steady and healthy development of the real estate market and ensuring the delivery of housing is the overall situation. What is the general trend? China's economy is stable and improving, and the long-term improvement and the realization of this year's economic development target are the general trend.
To understand these two "big", all localities must take the initiative to tap the potential, continue to exert efforts, continue to stimulate the vitality of the market, and adhere to the ideological consciousness of "one day of inaction, three days of difficulty", "glorious work, shameful to avoid things", continue to emancipate the mind to solve the housing problem of the people, do more practical things, do good things, and live up to the trust of the organization, the trust of the masses, and the responsibility of the times.
We must have a deep understanding of a situation: that is, only by implementing policies according to the city, precise policies, and only by preventing market ups and downs, can we firmly guard the bottom line of no systemic risks, and ensure that the regulatory results achieved by real estate in the past year are not swallowed up by risks.
The achievements are hard-won, and the process contains hardships, which must be cherished.
Three
For the digestion of the stock of real estate, the Political Bureau of the Central Committee clearly proposed: combined with the new changes in the relationship between supply and demand in the real estate market and the new expectations of the people for high-quality housing, the overall study of policies and measures to digest the stock of real estate and optimize the incremental housing, pay close attention to the construction of a new model of real estate development, and promote the high-quality development of real estate.
Coordinate the study of the policy measures to digest the stock of real estate and optimize the incremental housing, some people think that it is the past to inventory, which is a biased understanding, digesting the stock of real estate is a reform, not simply to inventory, looking for a "pick-up man".
Whether it is to digest the stock of real estate or optimize the incremental housing, the policy needs to make a combination of short-term and long-term co-ordination, and the two-way force of supply and demand. At present, to digest the stock of real estate, the local government has made efforts in two directions, one is to "trade in the old for the new", to dredge the poor purchase and sale of improved housing demand, and the smooth circulation chain of primary and second-hand housing is very important to the real estate market; In the medium and long term, real estate needs to solve the problem of "good or bad" demand through institutional reform, and in the short term, to digest the stock of real estate, it is necessary to reduce or even limit new supply in cities with high inventory pressure, encourage developers to adjust prices reasonably, and vigorously pilot and promote cities with high real estate stock to introduce support measures to convert commercial housing into affordable housing.
On the one hand, with the advancement of urbanization, some cities continue to flow in, and these new citizens need to live and work in peace and contentment, and they want to have a secure house. On the one hand, the idle stock of real estate in the city is a "sleeping asset", which can not only alleviate the pressure on the stock of real estate from the demand side, but also avoid the increase of excess capacity on the supply side.
To digest the stock of real estate, the effort is in the property market, but also outside the property market. At present, the cities with high pressure on the stock of real estate are mainly concentrated in the third and fourth tiers, and these cities cannot only rely on real estate policies to digest the stock of real estate, but also need industrial support. Industry is the key factor supporting urban population agglomeration, and improving the employment attractiveness of such cities and solving the problem of population outflow are important ways to digest the stock of real estate.
For the short-term, medium- and long-term policy arrangements for housing development, in fact, in February this year, the Ministry of Housing and Urban-Rural Development made a deployment, requiring all localities to clarify the scale, structure and location of the annual supply of various types of housing and land when scientifically preparing the annual plans for housing development in 2024 and 2025, and calculate the reasonable financing needs of real estate projects. The number of units to be supplied and the structure of units of affordable housing should be further clarified. It is necessary to incorporate the steady and healthy development of the real estate market and the waiting time for housing security into the target management.
For the advance planning of the housing development plan for 2026~2030, the Ministry of Housing and Urban-Rural Development requires all cities to take into account the local economic and social development, population changes, industrial layout, housing supply and demand, etc., and combine the potential supply of housing and land.
The scriptures are all good scriptures, that is, they must be recited well.
Realistically speaking, it is necessary to overcome many difficulties and challenges to consolidate and enhance the stabilization of the real estate market, especially the complexity, severity and uncertainty of the external environment, which makes the task of resolving real estate risks more arduous. In the meantime, local governments, real estate companies, financial institutions and home buyers will naturally be affected.
The difficulties are enormous. However, we have always believed in a mantra when it comes to overcoming difficulties: as long as the mind does not slip, there are always more ways than difficulties. As soon as I went to work after the Spring Festival this year, Ni Hong, Secretary of the Party Leadership Group and Minister of the Ministry of Housing and Urban-Rural Development, presided over the mobilization meeting of the Ministry of Housing and Urban-Rural Development for the beginning of the year, and put forward requirements from five aspects: attitude, research and judgment, key points, details and practical results. He clearly pointed out that it is necessary to grasp the trend, stand from a high position, have a broad field of vision, be good at adhering to the concept of big history, look at problems on the basis of the longitude and latitude of reality, and think of ways to solve difficult problems; we must not evade difficulties, overcome difficulties, and use reform methods to solve problems in development and meet the challenges on the road ahead.
According to the latest situation, the central government has played a new "combination punch" of real estate work, which is actually an idea and method, for local governments, real estate enterprises, and financial institutions, it is necessary to solve "difficulties" with "wisdom", to improve the ability to "do", to obtain "good deeds" achievements, and to "roll" out of a good pattern.
The vicissitudes of the sea show the true character of the hero; the wind and waves are high, and the mainstay is seen. For the current real estate work to protect people's livelihood, stabilize the market, reduce risks, and promote transformation, it is necessary to promote and doer heroes one by one.