China News Agency, Beijing, February 3 (Reporter Pang Wuji) A few days ago, a screenshot of the "Notice on Further Regulating the Disclosure of Residential Land Supply Information" was circulated on the Internet.

The Ministry of Natural Resources confirmed to a reporter from China News Agency on the 3rd that the document was issued by the Ministry of Natural Resources to guide the supply of local residential land.

It is not to cancel the centralized land supply system, but to optimize and improve the centralized land supply policy.

　　Some policy adjustments in this notice have aroused market attention.

Among them, the natural resource departments of each city and county shall, according to the annual land supply plan, publish in batches a detailed list of land plots to be transferred within a certain period of time in the future, so as to give market players sufficient time to predict expectations.

In addition, the notice pointed out that for the plots in the detailed list, the transfer announcement can be issued one or more times within the public proposed transfer time period, the transfer is organized in an orderly manner, and all of them will be launched within the public proposed transfer time period.

　　Some media interpreted it as canceling the centralized land supply system.

In this regard, the Ministry of Natural Resources stated that it is not to cancel the centralized land supply system, but to optimize and improve the centralized land supply policy, and to better play the positive role of full public disclosure of information in stabilizing and guiding market expectations.

　　In 2021, the Ministry of Natural Resources issued a notice requiring key cities to centrally announce and supply residential land.

According to the regulations, in principle, the transfer announcement shall not exceed 3 times throughout the year.

　　Li Yujia, chief researcher at the Housing Policy Research Center of the Guangdong Provincial Institute of Urban Planning, pointed out that when the centralized land supply model was first launched, it was mainly in response to high land prices and a new round of rising property prices.

As market trends change, timely optimization and adjustment of land supply rules is due.

In 2022, some cities have increased the number of land supply batches, and the number of centralized land supply throughout the year has exceeded 3 times.

　　Li Yujia pointed out that centralized land supply is a long-term mechanism and cannot be withdrawn due to market downturn.

This adjustment is to upgrade the centralized land supply from "1.0" to "2.0".

The "1.0" stage should deal with developers increasing leverage to speculate in land, while "2.0" means refined and transparent land supply.

It should be noted that the most important thing to improve the centralized land supply this time is the land supply plan and information.

　　This notice also made it clear that market entities and consumers should fully understand the land supply situation, make rational judgments, and avoid disorderly competition and waste of resources caused by information asymmetry.

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