Beijing is prioritizing the stabilization of its housing market, as evidenced by a shift in real estate transactions. For the first time, secondary market home sales have exceeded new residential construction volumes, indicating a structural migration in housing demand. This change signifies a move away from the previous growth model, where developers relied on pre-sales to fund new projects, towards a market centered on households trading existing homes. AI
RANK_REASON Opinion piece discussing a policy shift in China's housing market.
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