Today, the State Information Office held a series of press conferences on the theme of “Starting the 15th Five-Year Plan” series. Relevant officials from the Ministry of Housing, Urban-Rural Development explained that the housing and construction industry faced a new situation during the “15th Five-Year Plan” period. The housing and construction industry mainly included the three major sectors of urban and rural construction, housing and real estate, and construction. All three sectors are in a critical period of transformation and development. Summarized, they are “two shifts, two transformations, and three transformation”. The “two shifts” refer to the urban and rural construction sector, which means that urbanization is shifting from a period of rapid growth to a period of stable development, and urban development is shifting from a stage of large-scale incremental expansion to a stage where stock quality and efficiency is the main focus; “two transformations” refer to the housing and real estate sector. One is a major change in the supply and demand relationship in the real estate market, and the other is the entry of real estate into an era of stock; the “three transformation” refers to the construction industry sector, that is, the transformation of the construction industry to intelligence, greening, and integration.

Today, the State Information Office held a series of press conferences on the theme of “Starting the 15th Five-Year Plan” series. Relevant officials from the Ministry of Housing, Urban-Rural Development explained that the housing and construction industry faced a new situation during the “15th Five-Year Plan” period. The housing and construction industry mainly included the three major sectors of urban and rural construction, housing and real estate, and construction. All three sectors are in a critical period of transformation and development. Summarized, they are “two shifts, two transformations, and three transformation”. The “two shifts” refer to the urban and rural construction sector, which means that urbanization is shifting from a period of rapid growth to a period of stable development, and urban development is shifting from a stage of large-scale incremental expansion to a stage where stock quality and efficiency is the main focus; “two transformations” refer to the housing and real estate sector. One is a major change in the supply and demand relationship in the real estate market, and the other is the entry of real estate into an era of stock; the “three transformation” refers to the construction industry sector, that is, the transformation of the construction industry to intelligence, greening, and integration.