Politburo Removes Language About Housing Speculation

China's housing speculators see a red light turned off. The statement from the meeting of the Central Committee yesterday removed the saying, "housing is for living, not speculation" The article covering this news stresses that this doesn't mean real estate regulation is loosened, but removal of the language is an obvious step in that direction. iFeng: 政治局会议13个字定调楼市未提“房住不炒”，专家快速解读

On December 11, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the economic work in 2021. Among them, the content for real estate is "promoting the steady and healthy development of the real estate market." It is worth noting that the content of this meeting is different from that in April and July 2020, and the "housing is for living, not speculating" is not mentioned. However, the industry generally believes that although "housing is not speculation" is not mentioned, the real estate market will still be in a stable operation range.

"Although it has not emphasized the need to'housing to live without speculation', the expression'promoting the stable and healthy development of the real estate market' remains unchanged. It is expected that the national sales area of newly built commercial residential buildings will remain stable and sales will maintain a certain growth in 2020. In 2021, the real estate market will continue to maintain its current strength, promote market stability, and take active measures to ensure the stable and healthy development of the real estate market in cities and regions that have overheated,” said Pan Hao, a senior analyst at Shell Research Institute.

Wang Jingwen, head of the Macro Research Center of the Minsheng Bank Research Institute, also publicly stated that the communiqué of the Politburo meeting has a feeling of cherishing ink as gold, and the expressions of various economic tasks are very few and not fully developed. Prior to this, the central government has repeatedly emphasized the positioning of "housing and not speculating". It is expected that in the follow-up Central Economic Work Conference, "housing and housing should not be speculated" will be reiterated. Under the new dual-cycle pattern, real estate regulation will certainly not relax.