Focused on three dimensions, Jiangsu's real estate policy "toolbox" is expanding.

In order to stabilize the real estate market and further support urban renewal actions, our province has introduced a series of precise and powerful policy "combinations". At the real estate investment briefing held in the afternoon of June 26, more than 110 representatives of real estate entrepreneurs from various companies were present to interpret the relevant policies recently introduced by the provincial government. The constantly enriching policy "toolbox" is accelerating the transformation into tangible effects in urban renewal and the real estate market. In terms of policies to stabilize the real estate market, specific measures have been proposed from three dimensions: land supply, development and construction, and real estate sales, focusing on the "four-one" policy framework. For land supply, efforts are being made to accelerate the pre-development of high-quality core land plots, release more "small, fast, flexible" land plots to stimulate market demand; support the government in reclaiming and repurchasing existing land for optimized planning conditions before re-auctioning; and optimize solutions for residential land that has already been auctioned but not developed according to high-quality residential standards, encouraging the revitalization of existing land through equity partnerships and joint development. In terms of development and construction, a system of exemption from planning permits is being implemented, including exemptions for personalized decoration, among others; local areas can optimize planning indicators such as plot ratio, formulate rules for calculating balconies, overhangs, etc.; local standards for "good houses" are being formulated, encouraging the practice of "inspection before payment" to convert delivery certainty into buyer confidence. In terms of real estate sales, efforts are being made to increase support for guiding new housing consumption and optimizing the housing ticket resettlement policy; events such as summer real estate exhibitions, "eleven" real estate promotions, weekend homebuyer specials, etc. are being held to expand the paths for old-for-new sales, activating demand for improved housing.