Jiangsu Provincial Government Holds a Forum with Real Estate Industry Professionals

On the afternoon of February 5th, the Jiangsu Provincial Government held a forum with real estate industry professionals to listen to frontline practitioners’ opinions and suggestions, and to study policies and measures to stabilize and boost the real estate market. Governor Liu Xiaotao presided over the meeting and delivered a speech. Liu Xiaotao emphasized the need to implement city-specific policies to control new supply, reduce inventory, and optimize supply, combined with urban renewal and redevelopment of urban villages to activate and utilize existing land stock. Promote initiatives such as “Talent Housing Vouchers” and “Old for New” housing upgrades to improve quality and efficiency, and cautiously advance the purchase of existing commercial housing primarily for affordable housing. Adhere to the principle of “one policy per region, one policy per group, one policy per land parcel, one policy per development,” effectively stimulating and safeguarding housing needs for different groups. Implement projects to enhance residential quality and property service standards, and orderly promote the construction of “Good Homes” and the cultivation of “Good Properties.” Multiple measures are being taken to stimulate housing consumption, including regular housing exhibitions and promotional activities to facilitate precise matching of supply and demand. The “white list” system for real estate projects is being utilized to support reasonable financing needs of real estate companies and promote the steady and healthy development of the real estate market. (Xinhua Daily)