China has outlined a plan to stabilize the real estate sector by next year. During the Central Economic Work Conference, a comprehensive strategy was adopted to stabilize the housing market. The strategy includes controlling new supply in certain cities, reducing existing inventory, and accelerating the transition toward a new development model for the sector.
Efforts will focus on managing the growing supply and redistributing unsold housing units, including converting unmarketed commercial properties into affordable housing. Policies will also be introduced to incentivize first-time homebuyers and families seeking to upgrade their living conditions.
The plan supports developers in shifting from home sales to property maintenance and the provision of advanced property management services. To strengthen this transition, the existing “whitelist” mechanism will be expanded.
The plan also includes reforms to development, financing, and sales systems to accelerate the new real estate development model. In a related context, China will begin implementing export licenses for steel products by 2026, covering pig iron, semi-finished products, rolled products, pipes, and railway products.
