Recently, the Ministry of Housing and Urban Rural Development issued the national standard "Residential Project Specification" (hereinafter referred to as the "Specification"), which aims to provide regulations on the scale, layout, functions, performance, and key technical measures of projects with safety, comfort, green, and intelligence as the goals. During the National People's Congress and Chinese People's Political Consultative Conference in March this year, "promoting the construction of safe, comfortable, green, and smart 'good houses'" was first included in the government work report. At the press conference on the theme of people's livelihood during the Two Sessions, Minister of Housing and Urban Rural Development Ni Hong further elaborated on the construction of "good houses", revealing the optimization and improvement of standards such as "floor height not less than 3 meters", which has attracted widespread attention from society and has been praised by people from all walks of life. The newly released "Regulations" require that the floor height of newly-built residential buildings should not be less than 3 meters, and elevators should be installed in residential buildings with 4 or more floors; Improved the sound insulation performance of walls and floors; Improved the clear width of household and bathroom doors; Improved the height of railings at balconies and other open spaces; Require public mobile communication signals to cover public spaces and elevator cars; Require the outdoor unit of the air conditioner to be installed on a dedicated platform; It specifies the requirements for the installation of heating and air conditioning facilities in different climate zones. The Regulation will be implemented from May 1, 2025. Zhao Xiuchi, Dean and Professor of the Beijing Tianjin Hebei Real Estate Research Institute at Capital University of Economics and Business, stated in an interview with China Net Finance that the introduction of the "Regulations" will encourage developers to design "good houses" according to the "good house" standards, increase the supply of high-quality products in the real estate market, and significantly improve the living standards of housing. It is worth mentioning that the 'Code' is a mandatory engineering construction standard, and all its provisions must be strictly enforced. Cao Jingjing, General Manager of the Index Research Department of Zhongzhi Research Institute, stated that overall, the "Regulations" are not only an iterative upgrade of residential technology standards, but also promote the transformation and upgrading of the real estate industry through mandatory regulations and market guidance. She believes that with the improvement of residents' quality of life, people have a higher pursuit of living comfort, such as improving the sound insulation and noise reduction performance of houses by installing soundproof panels, or improving the living quality by installing building equipment such as fresh air systems, central air conditioning, and underfloor heating. The optimization and improvement of this standard can effectively enhance the adaptability of living spaces, and consumers have greater flexibility in decoration design, which can meet the personalized needs of different families and improve residents' sense of gain and happiness. Cao Jingjing stated that the "Regulations" are only the bottom line requirements for residential projects, and many places have already implemented standards higher than the "Regulations" to meet residents' demand for high-quality housing. Since 2024, several provinces and cities have adjusted and optimized housing related construction standards. For example, the "Guidelines for Design and Construction of Improved Residential Buildings in Jiangsu Province" stipulate that the floor height of improved residential buildings should not be less than 3.1 meters, and the floor height of improved residential buildings with underfloor heating, ducted fresh air or centralized central air conditioning systems should not be less than 3.15 meters; The "Design Guidelines for Improving the Quality of Commercial Residential Buildings in Jiangxi Province (Trial)" proposes that the net height of residential buildings should not be less than 3.10 meters; The Technical Guidelines for Design and Construction of Good Houses in Henan Province stipulate that the height of residential buildings should not be less than 3.1 meters. What opportunities and challenges does the new 'Regulations' mean for real estate companies? The new standards such as the increase in floor height provide real estate companies with greater room for product innovation, promoting further improvement in project quality and market competitiveness. But with the improvement of residential standards, construction costs will also increase, which puts higher demands on the financial strength and technical capabilities of real estate companies Cao Jingjing said that for enterprises, they need to focus on the goals of "safety, comfort, green, and wisdom", improve their own capabilities in cost control, product design, technology adaptation, market positioning, and other aspects, create "good house" products, and achieve high-quality development. After more than two years of adjustment, China's real estate industry has bid farewell to the old model of "high debt, high leverage, and high turnover" and accelerated the construction of a new model. Zhao Xiuchi stated that after decades of housing system reform, the housing conditions of the majority of the people have been greatly improved, and the demand for housing in the market has shifted from "whether there is" to "whether it is good or not". Urgently addressing the urgent needs of the people, thinking what the people want, providing more good houses, and enabling homebuyers to live more comfortably, have a greater sense of achievement, and happiness, is the rightful purpose of building a new model for real estate development. "She said that the introduction of the" Regulations "has a positive role in accelerating the construction of a new model for real estate development. The construction of 'good houses' will accelerate in the future