Since the beginning of this year, with the effective implementation of various measures such as acquiring idle land and commercial housing, promoting the construction of "good houses", and optimizing housing provident fund loan policies, the real estate market has continued to consolidate and stabilize its downward trend. Recently, the real estate market has once again received positive policy signals. The State Council executive meeting held on June 13th proposed to conduct a survey of the land already supplied and projects under construction in the national real estate market, further optimize existing policies, enhance the systematic effectiveness of policy implementation, and take multiple measures to stabilize expectations, activate demand, optimize supply, resolve risks, and make greater efforts to promote the stabilization of the real estate market. The interviewed experts generally believe that the conference has set the tone of "making greater efforts to promote the real estate market to stop falling and stabilize", and proposed a policy direction of "stabilizing expectations through multiple measures, activating demand, optimizing supply, and resolving risks". In the future, relevant departments and regions are expected to further increase policy efforts while improving the precision and effectiveness of policy implementation. Targeted optimization of existing policies. Since the beginning of this year, under the influence of a series of policies, the real estate market has continued to maintain a stable trend. According to data from the National Bureau of Statistics, from January to April, the sales area of newly-built commercial housing was 282.62 million square meters, a year-on-year decrease of 2.8%, and the decline narrowed by 0.2 percentage points compared to January to March. Since May, from implementing the national standard for "good houses" to implementing interest rate cuts and lowering personal housing provident fund loan interest rates, multiple policies implemented by the central government have continued to boost market confidence and reduce residents' housing purchase costs. Various regions are also making continuous efforts in acquiring idle land and commercial housing, issuing housing subsidies, and optimizing housing provident fund policies. According to data from the Zhongzhi Research Institute, in May, more than 50 policies were introduced across the country. However, in the process of continuously consolidating the stability of the real estate market in various regions, there is still room for improvement in the implementation efficiency of some policies. For example, in the acquisition of existing idle land and commercial housing, according to data from the Zhongzhi Research Institute, as of the end of May, the amount of local government special bonds (hereinafter referred to as "special bonds") announced nationwide for the purchase of existing idle land has exceeded 430 billion yuan, and the actual special bonds issued by various regions are 70.7 billion yuan, accounting for 16%; In May, a new breakthrough was achieved in the acquisition of existing commercial housing through special bonds, but the total issuance amount was only 1.92 billion yuan, and the overall progress is still slow. It is worth noting that the State Council executive meeting proposed to conduct a survey of the land already supplied and projects under construction in the national real estate sector, and further optimize existing policies. Conducting a survey of the land already supplied and projects under construction in the national real estate market is a crucial step in clearing the market stock, which will lay an important foundation for revitalizing and utilizing the stock, optimizing the supply of new land, and so on. ”Chen Wenjing, Director of Policy Research at Zhongzhi Research Institute, stated that conducting a survey of the land already supplied and projects under construction, and optimizing relevant policies in a targeted manner, will facilitate better and faster progress in the collection and storage work. In the view of Li Yujia, Chief Researcher of Guangdong Housing Policy Research Center, conducting a survey of the land already supplied and projects under construction is a key step in further optimizing the policies that have been introduced. By conducting a survey, we can understand the obstacles that still exist in various aspects such as land supply, development application, sales, and delivery, which constrain the effectiveness of policies, and thus find the direction and path for policy optimization. The State Council executive meeting has clarified the direction for future policy implementation, which is to enhance the systematic effectiveness of policy implementation, stabilize expectations, activate demand, optimize supply, and resolve risks through multiple measures. This outlines the direction for future policy implementation. At present, various policies, whether it is revitalizing idle land or building affordable housing, require cooperation among multiple departments to achieve policy coordination, integration, and consistent orientation. ”Li Yujia believes that it is necessary to enhance the systematic effectiveness of policy implementation. Chen Wenjing believes that the meeting clarified four aspects of policy implementation, namely "stabilizing expectations, activating demand, optimizing supply, and resolving risks". The implementation and follow-up of these four policies in the future will be the key to promoting the stabilization of the real estate market. At present, promoting the release of housing consumption demand has become an important link for various regions to consolidate the stabilizing trend of the real estate market and boost consumption. As proposed in the "Implementation Plan for the Special Action to Boost Consumption in Guangzhou (Draft for Comments)" released by the Guangzhou Municipal Bureau of Commerce on June 12, "better meet the demand for housing consumption" and "orderly reduce consumption restrictions. Optimize real estate policies, comprehensively cancel purchase restrictions, sales restrictions, and price limits, and reduce the down payment ratio and interest rates of loans". In order to activate demand, there is room for various regions to implement and improve housing ticket placement, optimize housing provident fund loans, promote housing 'trade in', and increase housing purchase subsidies in the future. ”Chen Wenjing stated that in terms of optimizing supply, increasing the supply of high-quality housing can help drive the release of demand for improved housing, and supporting policies for the construction of "good houses" are expected to be strengthened in the future. In addition, optimizing the increase in land supply can also help improve the supply-demand relationship in the real estate market. (New Society)