China News Agency, Beijing, August 31 (Reporter Pang Wuji) Ni Hong, the deputy minister of the Ministry of Housing and Urban-Rural Development of China, stated in Beijing on the 31st that in 2018, China decided to implement a long-term real estate mechanism. After more than two years of practice, the overall real estate market Keep running smoothly.

Data map: real estate under construction.

Photo by China News Agency reporter Zhang Bin

  Ni Hong said this at a press conference on the "Relevant Housing Situation for All People" held by the State Council Information Office on the same day.

He pointed out that the Ministry of Housing and Urban-Rural Development has focused on three areas of work around stabilizing land prices, housing prices, and expectations:

  First, always insist on the positioning that the house is used for living, not for speculation. This is the fundamental principle of good real estate market regulation.

With this as the starting point, we will continue to tighten the cage of the real estate market regulation system, especially the prevention of "speculation", and effectively prevent and resolve market risks.

  The second is to implement the main responsibility of the city.

Urge city governments not to use real estate as a means of stimulating the economy in the short term, and to implement multiple strategies simultaneously to promote the steady and healthy development of the real estate market.

  The third is to establish a new four-in-one linkage mechanism for people, houses, land, and money, and implement policies in accordance with the city and local conditions, and insist on proceeding from reality and not adopting a “one size fits all” approach.

At the same time, a new monitoring and early warning and evaluation mechanism has been established, and monthly monitoring, quarterly evaluation, and annual evaluation have been carried out on a regular basis to strengthen the supervision of the real estate market and rectify the order of the real estate market.

  After more than two years of practice, Ni Hong pointed out that China's real estate market has generally maintained a stable operation, which fully demonstrates that the official decision-making and deployment of the real estate long-term mechanism are accurate and effective.

In the next step, the Ministry of Housing and Urban-Rural Development will continue to fully implement the long-term mechanism of the real estate market, stabilize land prices, stabilize housing prices, stabilize expectations, and promote the steady and healthy development of the real estate market.

  According to data recently released by the National Bureau of Statistics, in July, the number and rate of price increase in 70 large and medium-sized cities in China, regardless of whether new houses or second-hand houses, hit a new low this year.

There are signs of cooling in house prices in many places.

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