According to the CITIC Construction Investment Research Report, the Ministry of Housing and Construction made it clear at the press conference of the State Information Office this week that China's real estate has entered an era of stock, second-hand housing transactions already account for more than 50%, and the relationship between supply and demand in the market has changed significantly. The “15th Five-Year Plan” will accelerate the construction of a new model for real estate development, focusing on the three systems of project company system, host bank system, and existing housing sales system, to systematically promote “good house” construction and urban renewal, and will also broaden the scope of withdrawal and use of housing provident funds. The number of withdrawal situations will increase from 6 to 9. Decorating houses and paying property fees can all be extracted to support renting, buying, repairing, and maintaining houses. At the local level, Tianjin, Wuhan, and Changzhou simultaneously issued new policies for withdrawing the Provident Fund, and the scope of housing consumption supported by the Provident Fund continued to expand.

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