Yunnan eyes sound growth of real estate market « janaaasthanews
१३ कार्तिक २०७७, बिहीबार

Yunnan eyes sound growth of real estate market

A press conference on accelerating the construction of the modern industrial system in Yunnan was held in Kunming on September 11, when officials with the Yunnan Provincial Department of Housing and Urban-Rural Development stressed the sound growth of the real estate market.

The steady and healthy development of the real estate market helps Yunnan in building up a modern industrial system and promotes high-quality development. The recently-issued Decision on Accelerating the Construction of Modern Industrial System stipulates that the added value of the real estate industry in Yunnan will reach 235 billion yuan by 2025 and 330 billion yuan by 2030.

“In developing real estate, we should first bring the industry back to its nature that housing is essential for living, not a short-term means to stimulate the economy,” said Zhang Shaowen, chief engineer of the Yunnan housing department. “By putting the first needs of the people, Yunnan aims to fulfill steady, healthy, and sustained development of the real estate market.”

The decision says that urban renewal, housing upgrades, and balancing supply and demand are essentials in developing the real estate industry and breakthroughs to transform the economic development model. Yunnan needs to incorporate urban systems into urban functions, putting together the urban and suburb land resources in planning.

Adjusting supply and demand on the market, the Yunnan department aims to increase the housing volume, stabilize house prices, optimize the housing structure, and improve the living conditions and housing-related management.

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