First-tier cities have voiced their opinions on the optimization of house purchase policies

After the recent meeting of the Political Bureau of the Central Committee set the tone of adjusting and optimizing real estate policies promptly and the Ministry of Housing and Urban-Rural Development clarified the three major policy support directions, Beijing, Shenzhen, and other first-tier cities have indicated in one day that they will promptly implement the work, better meet the rigid and improved housing needs of residents, and promote the steady and healthy development of the real estate market. The speed of the positive statements of Beijing, Shenzhen, and Guangzhou reflects the attitude and determination of first-tier cities to implement the policy spirit of the central government and the Ministry of Housing and Urban-Rural Development. This indicates that the house purchase support policies previously issued in second - and third-tier cities will be further extended to the scope of first-tier cities. On the whole, the context of the real estate market has changed from a seller’s market to a buyer’s market, the national property market control policy orientation has changed from preventing overheating to preventing undercooling. So, the policies introduced in the past in the long-term overheating stage of the market urgently need to be adjusted and optimized. It can be predicted that the first-tier city housing support policy will be introduced soon.