Premier said China’s real estate market still has considerable room for development
On April 15, 2025, Premier Li Qiang listened to reports in Beijing on the revitalization and reuse of existing housing and the conversion of commercial housing into talent apartments.
Premier Li Qiang pointed out that purchasing existing commercial housing for use as affordable housing is an important measure to stabilize the real estate market and improve people’s livelihood. Relevant policies should be implemented well, granting cities greater autonomy in terms of the purchasing entity, price, and usage, and new supportive measures should be promptly studied and introduced.
He said that China should further promote urban renewal, intensify the renovation of urban villages and dilapidated houses, and revitalize existing housing and optimize new supply through various means. China should focus on the concerns of new urban residents and those with housing difficulties, adjust and improve relevant policies, and support the housing needs of residents for both first-time and improvement purposes.
The Premier emphasized that in the current and future periods, China’s real estate market still has considerable room for development. China will further unleash market potential, focus on building “good houses”, accelerate the establishment of a new model for real estate development, and promote the stable and healthy development of the real estate market.
