Since September, many places have introduced housing consumption support measures and introduced policies such as housing purchase subsidies according to local conditions to help stabilize the real estate market. Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, said that the real estate-related policies introduced in various regions since September have strengthened incremental control from both supply and demand. At the same time, various support measures have moved from inclusiveness to precise incentives and targeted support to accurately match the needs of talents and improved housing. In the short term, housing consumption support policies introduced in various regions will help activate market liquidity. According to Li Yujia, lowering the threshold for “trade-in” subsidies and credit directly opens up the replacement chain between second-hand housing and new housing, which is expected to drive a phased recovery in core city turnover during the “Golden Nine Silver Ten” period. In the medium to long term, the policy supports reasonable housing consumption rather than comprehensively stimulating housing prices. Under the constraints of “controlling growth” and “sales of existing homes,” the market will accelerate fragmentation, restore the liquidity of high-quality assets in core cities, and regions lacking population and industrial support will still face degenerative pressure. “In the future, we need to focus on the implementation of housing purchase subsidies and loan interest rates in various regions, the actual pace of promotion of existing commercial housing acquisitions, and the impact of the pilot expansion of existing housing sales on the capital chain of housing enterprises.” Yan Yuejin said.

Since September, many places have introduced housing consumption support measures and introduced policies such as housing purchase subsidies according to local conditions to help stabilize the real estate market. Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, said that the real estate-related policies introduced in various regions since September have strengthened incremental control from both supply and demand. At the same time, various support measures have moved from inclusiveness to precise incentives and targeted support to accurately match the needs of talents and improved housing. In the short term, housing consumption support policies introduced in various regions will help activate market liquidity. According to Li Yujia, lowering the threshold for “trade-in” subsidies and credit directly opens up the replacement chain between second-hand housing and new housing, which is expected to drive a phased recovery in core city turnover during the “Golden Nine Silver Ten” period. In the medium to long term, the policy supports reasonable housing consumption rather than comprehensively stimulating housing prices. Under the constraints of “controlling growth” and “sales of existing homes,” the market will accelerate fragmentation, restore the liquidity of high-quality assets in core cities, and regions lacking population and industrial support will still face degenerative pressure. “In the future, we need to focus on the implementation of housing purchase subsidies and loan interest rates in various regions, the actual pace of promotion of existing commercial housing acquisitions, and the impact of the pilot expansion of existing housing sales on the capital chain of housing enterprises.” Yan Yuejin said.