National Bureau of Statistics: China's real estate market has entered a new development stage, shifting from quantity expansion to quality optimization in the future

On November 15th, Jinshi Data reported that Fu Linghui, spokesperson for the National Bureau of Statistics, stated that a package of measures to promote the stabilization of the real estate market has shown results, with positive changes observed in the real estate market in October. As the effectiveness of various policies is further released, the momentum to stabilize the real estate market will strengthen. Therefore, we maintain an optimistic attitude towards the future trends of the real estate market. However, it should also be noted that after a long period of rapid expansion, China's real estate market has entered a new development stage, shifting from quantity expansion to quality optimization in order to better meet the diverse housing needs of residents. In the next phase, it is necessary to actively adapt to the profound changes in the supply and demand relationship of the real estate market, strictly control new increments, optimize existing stock, and improve quality, while coordinating efforts in optimizing land, fiscal and tax, and financial policies, accelerating the construction of a new model for real estate development, and promoting the stable and healthy development of the real estate market