Regarding real estate, Wang Shi, the founder of Vanke Group, recently voiced that the industry will not ＂die＂, but it will be adjusted.

On August 25th, the 19th Summer Summit of 2023 Yabuli Forum opened in Shenzhen. "Focusing on Greater Bay Area, Innovating and Promoting Development-Building Chinese Modernization with One Heart" is the theme of this summit, and many big coffees have expressed wonderful views. Including Wang Shi, founder and honorary chairman of the board of directors of Vanke Group, and Zhou Hongyi, chairman of 360 Group, all expressed their views at the summit.

Regarding real estate, Wang Shi said that the real estate industry will definitely undergo structural adjustment in the future. As for the ratio of commercial housing to other housing, it is still uncertain, but it is certain that this ratio will determine how real estate will turn in the future.Now developers will also adjust and shuffle. "It’s no exaggeration to call it thunder rolling or dark clouds." Wang Shi said that the industry will exist, but the adjustment of enterprises will be very big. "

Regarding real estate, Wang Shi’s latest voice.

According to the Securities Times reported on August 26th, Wang Shi, founder and honorary chairman of the board of directors of Vanke Group and chairman of Vanke Public Welfare Foundation, also attended the summit.

In recent years, many changes have taken place in the real estate market, and the optimization measures of regulatory policies have also been launched intensively in the near future. So … How to treat the "falling" of real estate? Is there still a time for real estate to "rise"? Wang Shi said that real estate is in the process of cyclical adjustment, but the real estate industry will not "die". "The real estate industry will certainly rise again, and any industry has a cycle." Wang Shi responded.

Wang Shi first talked about two sets of data in the real estate industry.

One is about per capita living space. At the beginning of the reform and opening up, the per capita living area was about 5 square meters, but now the median is about 40 square meters. It can be said that the basic housing problem has been solved and will decline after reaching the peak.

The second is about the proportion of commercial housing. At present, the proportion of commercial housing has reached 80%, which is unique in the world. In the future, structural adjustment will definitely change, and the adjustment of enterprises focusing on commercial housing development will be very large.

Wang Shi said that the real estate industry will definitely undergo structural adjustment in the future. As for the ratio of commercial housing to other housing, it is still uncertain, but it is certain that this ratio will determine how real estate will turn in the future.Now developers will also adjust and shuffle. "It’s no exaggeration to call it thunder rolling or dark clouds."

Wang Shi said that the industry will exist, but the adjustment of enterprises will be very big. "The adjustment cycle of real estate has not been fully completed, and we have to continue to look at it. The real estate industry is a pillar industry for China and the world, and the industry itself will not change. It is normal for these enterprises to rise and fall. "

Speaking of Hong Kong, Wang Shi said that many developers in Hong Kong are the benchmark for Vanke to learn, including property management, which is to learn from Hong Kong’s experience. It is not out of date to learn from Hong Kong, especially in international construction and enterprises going to sea. We should draw on Hong Kong’s experience and ability, including Hong Kong’s businesses and mature government organizations.

It is worth mentioning that according to the news of WeChat WeChat official account "High-net-worth Entrepreneur Research Institute" on August 4th, the Private Economy Research Center of Shanghai Gaojin Financial Research Institute and the High-net-worth Research Institute invited Wang Shi, the founder of Vanke Group and the founder of Shenshi Group, and other "big bosses" to share "New Opportunities in a Great Change in a Hundred Years". Regarding the future direction of the real estate market, Wang Shi shared his views on the current real estate market and his prediction of the future trend. Wang Shi mentioned that China real estate is currently in the adjustment period, and will face many challenges such as liquidity problems, but we have a huge market, and the introduction of relevant policies is believed to be able to overcome the challenges.

Wang Shi also mentioned that the large-scale construction and demolition of real estate have passed, and the demand for the functions of the whole city center has changed. Now is the beginning. For enterprises, there are many opportunities. For example, double carbon has many application scenarios in China, and it is also the development direction of the country. Many enterprises in related fields will be born, which should be paid attention to.

A number of heavy favorable policies for the property market have landed.

Recently, the signal of favorable policies for real estate has been constant. On August 25th alone, a number of favorable policies were put into practice.

According to the Xinhua News Agency on the 25th, the reporter learned from the Ministry of Housing and Urban-Rural Development on the 25th that the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the General Administration of Financial Supervision recently jointly issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans, which promoted the implementation of the policy and measures of "recognizing the house without repaying the loan" for purchasing the first home loan.

The notice made it clear that when households (including borrowers, spouses and minor children) apply for loans to buy commercial housing, if family members do not have complete sets of housing in the local name, banking financial institutions will implement the housing credit policy according to the first set of housing regardless of whether they have used loans to buy housing. As a policy tool, this policy is included in the "one city, one policy" toolbox for cities to choose independently.

According to the responsible comrades of the Ministry of Housing and Urban-Rural Development, this policy will enable more buyers to enjoy the down payment ratio and interest rate concessions for the first home loan, which will help reduce the cost of housing purchase for residents and better meet the demand for rigid and improved housing.

In addition, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development issued the Announcement on Continuing to Implement Individual Income Tax Policies to Support Residents to Purchase Houses. From January 1, 2024 to December 31, 2025, taxpayers who sell their own houses and re-purchase houses in the market within one year after the sale of their existing houses will be given preferential tax refund for the personal income tax paid for the sale of their existing houses.

According to China, a brokerage firm, and Chen Wenjing, director of market research of the China Central Finger Research Institute, optimizing the policy of "recognizing the house and recognizing the loan" for the first suite is "recognizing the house but not recognizing the loan", which will greatly improve the down payment ratio and loan interest rate for the local replacement demand with loan records in other places, and at the same time, the real estate-related taxes are expected to be implemented according to the first set. This policy not only lowers the threshold for families to buy a house, but also reduces the cost of buying a house. The central policy was implemented at the end of August. If the local governments speed up the implementation of the policy, it will be conducive to driving demand into the market, and the market of "Golden September and Silver 10" in the core cities can be expected.

Chen Wenjing also said that before that, at the end of September 2022, the Ministry of Finance and the State Administration of Taxation issued a document clarifying that the preferential tax refund time for changing houses to pay personal income tax within one year would be until the end of 2023. This time, the tax refund for house exchange will be extended to the end of 2025, which will help reduce the cost of home ownership for buyers and better support the release of demand for house exchange.