In recent times, many regions across the country have released favorable real estate policies, focusing on both supply and demand to continuously stabilize the real estate market. From the demand side, optimizing housing provident fund policies has become the direction for many real estate market policies. On November 12th, the Office of Taizhou Housing Provident Fund Management Committee issued a notice on carrying out the business of extracting housing provident fund to pay property fees, supporting depositors to make reasonable housing consumption and reduce living costs. It is explicitly stated that the depositor and their spouse can withdraw the housing provident fund to pay the property fees for their own housing within the administrative area of Taizhou City starting from 2025. On November 7th, the Development and Reform Commission of Chongqing and eight other departments released the "Several Measures to Further Clean up Restrictive Measures in the Consumption Sector and Continuously Expand Consumption", which proposed measures such as "optimizing the withdrawal method of housing provident fund for purchasing existing housing" and "relaxing the conditions for withdrawing housing provident fund for full payment housing" to promote the healthy development of housing consumption. Yan Yuejin, Vice President of Shanghai E-house Real Estate Research Institute, told reporters that by optimizing the housing provident fund policy, such as relaxing the withdrawal conditions and extending the withdrawal time limit, the threshold for purchasing a house has been lowered, and the payment ability of buyers has been improved. This will help stimulate market vitality and continuously optimize the supply and demand relationship from the demand side. From the supply side, various regions are continuously promoting the acquisition of existing commercial housing. On November 11th, Hangzhou Anju Group Co., Ltd. issued a notice on continuously promoting the purchase of existing commercial housing for affordable housing, proposing to further increase the acquisition efforts and, in accordance with the principles of "marketization and rule of law", continue to publicly solicit eligible housing units from the society. It is worth noting that Hangzhou Anju Group completed the real estate transfer registration of two buildings in Vanke Heyu Guangnian Mansion in May this year. After the purchase, the houses will be included in the affordable rental housing and are expected to be put into use by the end of the year. This is also the first project in Hangzhou to acquire existing commercial housing for affordable housing. Yan Yuejin analyzed that purchasing existing commercial housing for use as affordable housing can help digest excess inventory in the market and balance supply and demand. The promotion of purchasing existing commercial housing is conducive to stopping the decline of surrounding new housing prices and effectively slowing down the fluctuation of second-hand housing listing volume and price. ”Zhang Bo, the director of 58 Anjuke Research Institute, stated in an interview with reporters that currently, the acquisition of existing commercial housing is characterized by market-oriented pricing, diversified uses, and refined standards. In terms of price, the acquisition price is generally 30% to 50% lower than the market price; In terms of usage, in addition to being converted into affordable housing, many housing units have also been converted into student dormitories and elderly care facilities; In terms of standards, many cities prioritize small and medium-sized units. On November 13th, Jingmen City also announced the implementation of the purchase of existing commercial housing for use as affordable housing. It is reported that as of now, Jingmen City has purchased a total of 651 existing commercial housing units for use as affordable housing. At the same time, 599 units of 77800 square meters of existing commercial housing purchased with bank loans will be used as market-oriented rental housing. With the further relaxation of the housing provident fund policy, coupled with the implementation of policies such as re lending for affordable housing and the purchase of existing commercial housing, it is expected that by the end of 2025, the real estate market will solidify its' market bottom 'through differentiation. ”Zhang Bo believes that the real estate market will continue its differentiated pattern of stable transactions in core cities and mild destocking in third - and fourth tier cities by the end of the year, and the policy support effect will gradually emerge. Yan Yuejin stated that with the continuous optimization and implementation of real estate policies in various regions, the real estate market will have a more stable foundation. On the basis of sufficient market adjustment, the fluctuation range of housing prices has significantly decreased, and the supply-demand relationship in the market has become more balanced. In the fourth quarter of this year, combined with favorable policies such as "good houses", the activity of the housing market continued. Yan Yuejin suggested that various regions can further optimize the policies that have already been implemented, such as supporting the extraction of housing provident fund for subscribing to second-hand houses, and increasing the types of optional housing related to housing tickets. In addition, various regions can appropriately enhance the coverage of favorable policies and continue to tap into market demand. (New Society)