The work meeting of the Ministry of Housing and Urban-Rural Development will set the key tasks. How will the property market go next year?

  How to adjust the property market next year? Recently, the meeting of the Ministry of Housing and Urban-Rural Development clearly put forward eight key tasks for next year, demanding to keep the real estate market running smoothly.

  On December 21st, the National Conference on Housing and Urban-Rural Construction was held in Beijing. The meeting summarized the housing and urban and rural construction work in 2020 and the 13th Five-Year Plan, analyzed the situation and problems faced, and put forward the overall requirements and eight key tasks for next year.

  The eight key tasks include: fully implementing urban renewal actions to promote high-quality urban development; Steadily implement the long-term mechanism scheme of real estate to promote the stable and healthy development of the real estate market; Vigorously develop rental housing and solve the outstanding housing problems in big cities; Strengthen urban governance and promote the construction of resilient cities; Implement rural construction actions to improve the level of rural construction; Accelerate the development of "China Construction" and promote the transformation and upgrading of the construction industry; Continue to promote reform and innovation and strengthen the construction of laws, regulations and standards system; Strengthen the overall leadership of the Party and build a contingent of high-quality cadres.

  Give priority to expanding domestic demand and accelerate urban renewal and transformation of old urban communities.

  This time, among the eight key tasks put forward by the work conference of the Ministry of Housing and Urban-Rural Development, the first key task is to fully implement urban renewal actions and promote high-quality urban development. At the same time, comprehensively promote the transformation of old urban communities.

  The meeting mentioned that the way of urban development and construction should be effectively changed, urban planning, construction and management should be coordinated, urban structure optimization, functional improvement and quality improvement should be promoted, new urbanization with people as the core should be further promoted, and the construction of livable, green, resilient, intelligent and humanistic cities should be accelerated. Improve the urban spatial structure and build an urban system with central cities, metropolitan areas and urban agglomerations as the main body, and coordinated development of large, medium and small cities and small towns. Implement the urban ecological restoration function improvement project to improve the quality of human settlements. Strengthen the protection of history and culture, and shape the urban landscape. We will comprehensively promote the transformation of old urban communities, accelerate the construction of complete residential communities, and promote property enterprises to vigorously develop online and offline service industries. We will carry out in-depth pilot work on the construction of new urban infrastructure and explore the formation of a mechanism and operation mode that can be replicated and promoted. Systematize the whole region to promote the construction of sponge cities, coordinate the promotion of urban waterlogging control, and consolidate the effectiveness of urban black and odorous water treatment. Further promote the classification of domestic waste.

  Interpretation: This year’s work conference of the Ministry of Housing and Urban-Rural Development will put "fully implementing urban renewal and comprehensively promoting the transformation of old urban communities" in the first place.

  Xu Xiaole, chief analyst of RealData, pointed out that urban renewal is a major livelihood project and development project. The recent Central Economic Work Conference pointed out that it is important to adhere to the strategic basis of expanding domestic demand and combine expanding consumption with improving people’s quality of life. Urban renewal and the transformation of old urban communities are important links. 2020 can be said to be the "first year" of the transformation policy of old urban communities. For the first time, the government work report clearly defines the annual renovation target of old residential areas, and 1-mdash; In November, 39,700 old urban communities were newly renovated, benefiting nearly 7.25 million households. After exploration and practice, the Ministry of Housing and Urban-Rural Development recently issued a list of replicable policies and mechanisms for the transformation of old urban communities to provide guidance for future transformation work.

  Zhang Bo, dean of the branch of 58 Housing Research Institute, also mentioned that no matter from the information revealed by this year’s two sessions or the recent Central Economic Conference, the renovation of old residential areas will be an important starting point for the subsequent improvement of urban living and life. The renovation of old residential areas is not just as simple as "taking over" shed reform. From the difficulty and time span of promotion, the industries involved in the promotion will obviously exceed shed reform, and at the same time, many industrial opportunities will be born.

  Long-term mechanism of real estate regulation and control from "safe implementation" to "full implementation"

  In terms of real estate regulation and control, the meeting mentioned that the long-term mechanism plan for real estate should be implemented steadily to promote the stable and healthy development of the real estate market. Firmly adhere to the position that houses are used for living, not for speculation, and fully implement the long-term mechanism of real estate.

  Interpretation: Since 2016, the long-term real estate mechanism has been proposed for five years. In 2019, the working meeting of the Ministry of Housing and Urban-Rural Development put forward the "long-term mechanism plan for the stable and healthy development of the real estate market", which further clarified that "the long-term mechanism plan for real estate should be implemented steadily to promote the stable and healthy development of the real estate market". Firmly adhere to the positioning that houses are used for living, not for speculation, and fully implement the long-term mechanism of real estate. "

  Xu Xiaole, chief analyst of RealData, said that in 2020, even if the epidemic hit the economic development, the real estate regulation did not relax, but the warming of local markets triggered the intensive introduction of "one city, one policy" in the second half of the year. According to statistics, more than 20 cities have made adjustments in policies such as restricting purchases, loans and sales. At the same time, from the regulation in the second half of the year, we can see that the early warning mechanism of real estate market supervision has been strengthened, and the coordination and linkage of local government departments have been strengthened. In the future, the long-term mechanism will replace the periodic regulation of real estate, and the development of the real estate industry will return to its original source and play a better role in supporting the macro-economy.

  The goal of "three stabilities" was not mentioned.

  It can be seen that compared with the working conference of the Ministry of Housing and Urban-Rural Development in 2019, the regulatory objectives of "stabilizing land prices, stabilizing housing prices and stabilizing expectations" were not mentioned in this meeting.

  Xu Xiaole said that "three stability" is not a short-term goal, but a goal to be normalized in recent years. There are still great uncertainties in domestic and international economy, finance and trade next year, and the domestic real estate market should still adhere to the main tone of "housing and not speculating" and keep the prices, land prices and market expectations stable. This year, the real estate market is generally stable, but a few cities have experienced differentiation and fluctuations, and the main responsibility for regulation lies in cities. In the past, the means of regulation and control were mainly administrative and short-term policies such as purchase restriction and sales restriction, but they are turning to long-term market mechanisms such as finance (such as three red lines) and taxation to dynamically and structurally adjust the market. This is the progress of China’s long-term real estate regulation and control means and reduces the administrative distortion of the market.

  Real estate regulation will be supervised in the whole process before and after the event.

  The meeting mentioned strengthening the main responsibility of the city, improving the mechanisms of policy coordination, regulation linkage, monitoring and early warning, public opinion guidance, market supervision and so on to keep the real estate market running smoothly.

  Interpretation: Although the meeting did not mention the "three stable" goals, it was clear that real estate regulation and control will be supervised in the whole process before and after the event.

  Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the expression "policy coordination, regulation linkage, monitoring and early warning, public opinion guidance, and market supervision" combines pre-and post-regulation, marketization and administrative means, which has a positive effect. In terms of long-term mechanism, it is expected that four major price supervision systems will be formed, including the first-hand housing price system, the second-hand housing price system, the rental market price system and the land price supervision system, which will play a positive role.

  Clarify the importance of renting housing to alleviate the outstanding housing problems in big cities

  The meeting mentioned that we should vigorously develop rental housing and solve the outstanding housing problems in big cities. Strengthen the construction of the housing market system and housing security system, speed up the filling of the shortcomings of rental housing, and solve the housing problems of new citizens, young people, especially those engaged in basic public services and other housing difficulties. Accelerate the construction of a housing security system with affordable rental housing and shared property housing as the main body. Expand the supply of affordable rental housing, do a good job in ensuring public rental housing, and focus on developing policy rental housing in big cities with net population inflow. Standardize the development of the housing rental market, accelerate the cultivation of specialized and large-scale housing rental enterprises, and establish and improve the housing rental management service platform. Rectify the rental market order and standardize market behavior. Steadily promote the transformation of shanty towns. Further improve the housing provident fund deposit, use and management mechanism.

  Interpretation: The Central Economic Work Conference and the Ministry of Housing and Urban-Rural Development Conference have focused on clearly solving the outstanding housing problems in big cities, and the housing problems in big cities have attracted attention.

  Xu Xiaole pointed out that in the meeting of the Ministry of Housing and Urban-Rural Development, the housing problem in big cities and the development of rental housing were expressed together, which clarified the importance of leasing in alleviating the contradiction between housing supply and demand, especially in big cities. In the future, the development of housing leasing will continue to exert its efforts in increasing the supply of rental housing, ensuring and expanding the rights and interests of leasing, standardizing and supporting the development of leasing enterprises, and then the rent will be more stable, and leasing will truly become a long-term living choice.

  Chen Xiao, an analyst at Zhuge Housing Search Data Research Center, also pointed out that this meeting clearly put forward for the first time the establishment of a housing security system with affordable rental housing and shared property housing as the main body, and asked for the development of policy-based rental housing in big cities with net population inflow, which reflected the concept of policy-based housing, conformed to the principle of housing and housing without speculation, put forward a clear direction for strengthening housing security construction, paid special attention to rental groups in big cities, helped to protect people’s livelihood, and played an important role in promoting the goal of living and living.

  The long-term rental apartment industry will be rectified and the regulatory policies will be more perfect.

  The meeting mentioned that we should standardize the development of the housing rental market, accelerate the cultivation of specialized and large-scale housing rental enterprises, and establish and improve the housing rental management service platform. Rectify the rental market order and standardize market behavior.

  Interpretation: Compared with the leasing enterprises that have accelerated the cultivation of specialization and scale in the past, the meeting of the Ministry of Housing and Urban-Rural Development also mentioned "standardizing the development of the housing leasing market and rectifying the order of the leasing market".

  Wang Xiaoying, an analyst at Zhuge Housing Search Data Research Center, said that this year, due to the epidemic situation, the rental market has declined, and long-term rental apartments have been hit hard. The Danke Apartment incident also revealed that the long-term rental apartment industry needs more perfect regulatory policies at present, and it is expected that the long-term rental apartment policy will be more perfect next year. Under the policy support and detailed supervision, long-term rental apartment institutions will also face the adjustment of strategic direction in 2021.