5. Real estate market stability requirements of Yinchuan City

On July 29, Ni Hong, Vice Minister of housing and urban rural development, interviewed the responsible comrades of the governments of Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou, demanding that the decisions and arrangements of the CPC Central Committee and the State Council be resolutely implemented, that houses be used for living rather than speculation, that real estate be not used as a short-term means to stimulate the economy, and that the main responsibilities of cities be earnestly fulfilled, In view of the new situations and problems in the real estate market in the first half of the year, we strengthened regulation and supervision to promote the steady and healthy development of the real estate market.

In the first half of this year, the sales price of new commercial houses and the price of residential land in Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou increased too fast, and the market expectation was unstable, which aroused widespread concern in the society. The meeting announced that Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou will be included in the list of key cities for real estate market monitoring. It is reported that the real estate regulation of such cities is jointly supervised by the Ministry of housing and urban rural development and relevant provincial governments.

Ni Hong pointed out that all localities should resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, implement the spirit of the teleconference of the State Council on July 22 to accelerate the development of affordable rental housing and further do a good job in the regulation of the real estate market, enhance the enthusiasm, initiative and creativity of their work, and ensure the completion of the objectives of stabilizing land prices, house prices and expectations. First, we must accelerate the establishment and improvement of the linkage mechanism between house prices and land prices, optimize the rules of land bidding, limit house prices, control land prices, improve quality, and resolutely stabilize land prices and house prices. Second, we must accelerate the development of affordable rental housing and solve the housing difficulties of new citizens and young people. Third, we must take decisive measures to implement the two-way regulation of supply and demand, standardize the market order and promote the steady and healthy development of the real estate market. Provincial governments should strengthen supervision and guidance and urge cities to implement their main responsibilities.

Five cities said they would resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, earnestly shoulder the main responsibilities of cities, strengthen market monitoring and supervision, and quickly take targeted measures to ensure the realization of the expected objectives of stabilizing land prices, house prices and housing prices.