Key meeting lays out long-term plan for economic work

Real estate

Concrete efforts were called for in preventing and defusing risks in key areas, and adapting to the major changes in the relationship between supply and demand in China's real estate market.

The meeting resulted in sound judgment and released a clear signal to the real estate market, said Zou Linhua, a researcher with the National Academy of Economic Strategy under the Chinese Academy of Social Sciences.

In the future, real estate demand will mainly include new housing demand from urbanization, improvement demand and old house renewal, Zou added.

Real estate policy optimization will be promoted by cities' situations, and overall intensity is expected to increase to better meet residents' housing demands and their needs for better housing, said Chen Wenjing, director of research with the China Index Academy.

Rebuilding of villages inside megacities and activating idle assets will be important ways to increase the construction and supply of government-subsidized housing, Chen said.