Ministry of Housing and Urban-Rural Development adjusts the stability of the real estate market again, Guangdong housing policy research expert interprets key points.

In this work meeting, the summary first emphasized the comprehensive completion of the task of delivering finished housing. This means that the delivery of finished housing is the top priority responsibility of the housing construction department in recent industry management, highlighting the industry's focus on public welfare attributes, and is also crucial for stabilizing the market after a downturn." Deputy Director of the Guangdong Provincial Policy Research Center and Chief Researcher Li Yujia believes that from proposing the delivery of finished buildings in 2022 to proposing the delivery of finished housing in 2024, there have been significant changes in industry risks and supply-demand relationships. During the process of saying goodbye to the old model, there will be the delivery of houses involving the legitimate rights and interests of owners as a major project and key task. By the end of this year, both of these projects have been completed, which also means that in the future, residents buying houses will basically not need to worry about delivery issues. Even if the developer's construction capabilities decline, and project progress is delayed, the house-purchase funds will be kept in regulated accounts and there will be no issues of misappropriation, nor will prepayments be used as a means of financing and high turnover. The impact of delivery on residents' expectations and confidence is also minimized. At the same time, the work meeting of the Ministry of Housing and Urban-Rural Development also emphasized the momentum of "good housing" construction. In Li Yujia's view, on the basis of promoting delivery guarantees and risk prevention, another task for 2025 is to initiate structural supply-side reforms, focusing on the construction of good quality houses. This is also the starting point for a new mode and high-quality development, leveraging supply-side innovation to drive demand and achieve a gradual transition from old to new models, stabilizing the industry and laying a solid foundation for the public welfare attributes of housing. "In terms of the construction of good housing, 2025 will mainly focus on setting standards, utilizing technology, and implementing projects." Li Yujia said that these several tasks have all been initiated and are already showing results. We can see that the industry is shifting from building "good houses" to providing "good services," meaning that besides construction quality, it is also about meeting residents' desires for a better life. Therefore, in 2025, the industry will focus on aspects such as property management, full lifecycle management of houses, services for the elderly and children, public facilities, etc., to make comprehensive efforts towards creating good neighborhoods, communities, and urban areas.