China will adopt a forward-looking vision and accelerate the establishment of a new development model in real estate industry, providing safe and comfortable, green and smart houses for its people, according to a senior official.
At the China Economics Annual Conference held in Beijing on Saturday, Dong Jianguo, vice minister of housing and urban-rural development, said the real estate industry will focus on high-quality development instead of just pursuing rapid growth. Enterprises will be encouraged to improve the quality of their projects to provide safe and comfortable, green and smart houses and better meet people's demands for high-quality homes.
Dong also said efforts will be made in improving the supply-demand system to ensure people’s essential need for a home to live in and their different demands for better housing. The government will also support the development of rental housing market, according to the vice minister.
"We will reform and improve the sales system for commercial housing, actively promote the sales of completed apartments. Regarding pre-sales, we will optimize supervision of pre-sale funds to prevent any new delivery risks. We will establish a comprehensive safety management system for residential buildings throughout their lifecycle, to promptly identify potential safety hazards. Our goal is to ensure that housing lifecycle safety management is valid and guaranteed," said Dong.
China pledges new development model for real estate industry: official
