The Political Bureau of the Central Committee of the Communist Party of China held a meeting on December 9th to analyze and study the economic work in 2025. The meeting emphasized the need to stabilize the real estate market. Release positive signals for stabilizing the real estate market once again. Since the beginning of this year, a package of measures have been introduced from the central to local levels to promote the stabilization of the real estate market, resulting in positive changes in the real estate market. The policy intensity continues to increase, and the Party Central Committee attaches great importance to the stable and healthy development of the real estate market. Since the beginning of this year, the central and relevant departments have repeatedly deployed efforts to promote the stable and healthy development of the real estate market, and policy efforts have continued to increase. On April 30th, the Politburo meeting of the Central Committee of the Communist Party of China emphasized the need to continue implementing tailored policies for each city, consolidating the responsibilities of local governments, real estate enterprises, and financial institutions, effectively carrying out the work of ensuring the delivery of houses, and safeguarding the legitimate rights and interests of homebuyers. On September 26th, the Politburo meeting of the Central Committee of the Communist Party of China proposed to promote the stabilization of the real estate market, strictly control the increment, optimize the stock, and improve the quality of commodity housing construction. To respond to the concerns of the masses, we must urgently improve policies on land, finance, taxation, and banking, and promote the construction of a new model for real estate development. The Ministry of Housing and Urban Rural Development, together with the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, the State Administration for Financial Regulation and other departments, will guide various regions to take rapid action, implement existing policies, and introduce incremental policies, playing a "combination punch" to promote the market to stop falling and stabilize. The 'Combination Fist' includes four cancellations, four reductions, and two additions. The four cancellations mainly include the cancellation of purchase restrictions, sales restrictions, price limits, and the cancellation of standards for ordinary and non ordinary residential properties. The four reductions are to lower the interest rate of housing provident fund loans, lower the down payment ratio of housing loans, lower the interest rate of existing loans, and reduce the tax burden of "selling old and buying new" housing. Two additions, one is to implement the renovation of 1 million sets of urban villages and dilapidated houses through monetary resettlement and other means; The second is to increase the credit scale of "whitelist" projects to 4 trillion yuan by the end of the year. To promote the stable and healthy development of the real estate market, a series of tax policies will be implemented from December 1st, which will further reduce the cost of purchasing a house. In terms of deed tax, the area standard that currently enjoys a low tax rate of 1% will be increased from 90 square meters to 140 square meters. For houses with an area of 140 square meters or more, the first house will be subject to a reduced deed tax rate of 1.5%, and the second house will be subject to a reduced deed tax rate of 2%. In terms of value-added tax, after the cancellation of the standards for ordinary and non ordinary residential properties in relevant cities, individuals selling houses purchased for more than 2 years (including 2 years) will be exempt from value-added tax. With the successive implementation and effectiveness of relevant policies, confidence in the real estate market has been boosted, market transactions have become active, and the real estate market is moving towards a direction of stopping the decline and stabilizing National Bureau of Statistics spokesperson Fu Linghui said. The real estate market in many regions is gradually recovering. "After three years of adjustment under a series of policies, China's real estate market has begun to bottom out," said Ni Hong, Minister of Housing and Urban Rural Development. From the sales situation in some cities in October and November, it can be seen that the real estate market in many cities is showing a trend of recovery. The real estate market in first tier cities has shown a more significant rebound and stabilization. According to relevant statistics, in November, the online signing volume of second-hand residential properties in Beijing was 18763 units, an increase of 8% compared to the previous month; The total number of second-hand housing transactions in Shanghai exceeded 27000, making it the month with the highest second-hand housing transaction volume this year; The online signing area for first-hand residential properties in Guangzhou exceeded 900000 square meters, a year-on-year increase of 53.2%; 8734 new houses were sold in pre-sale in Shenzhen, a year-on-year increase of 158.9%, and 8770 second-hand houses were recorded, a year-on-year increase of 103.7%, reaching a new high in nearly 46 months. The trend of market recovery is expanding from first tier cities to more cities. In November, the subscribed area of commercial residential properties in Nanjing increased by 10.2% month on month. 11401 sets of commercial housing were sold in Chengdu, an increase of 56.8% compared to the previous period; 26219 second-hand houses were sold, with a month on month increase of 32.4%. The market activity has significantly increased. The real estate market transactions accelerated in October. Although November is not the traditional peak sales season, sales in many cities still increased compared to the previous month. From the price situation, preliminary signs of stabilizing housing prices have emerged. According to data from the National Bureau of Statistics, in October, among 70 large and medium-sized cities, there were 4 cities where the sales prices of newly-built residential properties increased month on month compared to the previous month, and 8 cities where the prices of second-hand residential properties increased month on month compared to the previous month. The prices of second-hand residential properties in first tier cities have shifted from a decrease to an increase on a month on month basis. The real estate market expectations are also improving. The PMI survey shows that the real estate business activity index in October rebounded by 2.5 percentage points compared to the previous month, and the market expectation index rebounded by 1.8 percentage points, indicating an improvement in the level of real estate prosperity and market expectations. In October, a survey conducted on 70 real estate development enterprises and intermediary agencies in large and medium-sized cities showed that the proportion of surveyed employees who expected the sales prices of newly-built and second-hand residential properties to remain stable or rise in the next six months increased by 17.6 and 15 percentage points on the basis of the increase in September, indicating that market institutions' confidence in real estate is increasing. Overall, the package of measures to promote the stabilization of the real estate market has shown initial results, and there have been positive changes in the real estate market. With the further release of the effectiveness of various policies, the momentum to promote the stabilization of the real estate market will be enhanced. After a long period of rapid expansion, China's real estate market has entered a new stage of development by creating more "good houses". Fu Linghui stated that in the next stage, we must actively adapt to the objective reality of profound changes in the supply and demand relationship of the real estate market, strictly control the increment, optimize the stock, and improve the quality. We will work together to optimize land, fiscal, and financial policies, accelerate the construction of a new model for real estate development, and promote the stable and healthy development of the real estate market. Residents' demand for housing has shifted from "whether there is" to "whether it is good or not", and they have new expectations for the functionality and quality of housing. Building green, low-carbon, intelligent, and safe houses is the trend. Ni Hong introduced that to promote the construction of "good houses", we need to focus on models, establish standards, build systems, and strengthen technology. We need to apply new generation information technology, green low-carbon technology, and new construction technology in housing construction, and promote the construction of "good houses" of different sizes and prices. Ni Hong stated that for real estate and construction companies, the future development will focus on high quality, new technology, and good service. Whoever can seize the opportunity to transform and develop, build "good houses" for the masses, and provide good services, will have a market, development, and future. (New Society)