Beijing will provide targeted support for the home purchase demands of new residents and young people! The scope of old residential community renovation will be expanded to cover communities completed in 2005.

The renovation of old residential communities in Beijing will expand its scope. Previously, only communities built in 2000 or earlier were eligible for renovation, and municipal residential communities constructed between 2001 and 2005 will also be included in the renovation promotion.

Recently, the Beijing Municipal Commission of Housing and Urban-Rural Development released the "15th Five-Year Plan" Housing Development Plan of Beijing, which puts forward the steady advancement of renovation for municipal old residential communities built from 2001 to 2005.

In terms of the real estate market, Beijing will encourage and support rigid and improved housing consumption, and precisely support the housing purchase demands of groups including new citizens, young people, and multi-child families.

1

Previously, the old residential community renovation implemented in Beijing targeted communities built in 2000 or earlier, carrying out renovations in aspects such as seismic resistance and energy conservation, water supply and drainage systems, building facades, and elevator installation.

In this newly released Plan, during the "15th Five-Year Plan" period, Beijing will focus on carrying out special physical examinations for urban residential communities that have been completed for more than 20 years, continue to promote the renovation of old residential communities built before the end of 2000 with strong residents' willingness to renovate, steadily push forward the renovation of municipal old residential communities constructed from 2001 to 2005, and make greater efforts to promote the renovation of old residential communities under the ownership of central government departments and military forces.

This means the scope of old residential community renovation will be expanded, and old residential communities built from 2001 to 2005 are expected to be included in the renovation scope.

The Plan states that during the "15th Five-Year Plan" period, Beijing will start the renovation of no less than 1,000 urban old residential communities, install no less than 3,500 elevators, and support the renewal of no less than 20,000 old elevators in residential buildings.

2

The housing development plan is naturally closely related to the property market that people care about.

The goal put forward in the Plan is that by 2035, the real estate market will maintain long-term stable and healthy operation, and the basic housing needs of all kinds of people will be better guaranteed.

In terms of housing land supply, the scale, structure and timing of residential land supply will be reasonably determined. The spatial layout of residential land supply will be optimized, with priority given to land supply around rail transit stations, areas with complete supporting facilities and employment-intensive areas.

The basic systems of the real estate sector will also be improved, including improving the commercial housing sales system. Pre-sale management will be fully strengthened, and the supervision of project pre-sale funds will be improved; spot housing sales will be implemented in an orderly manner to realize the "what you see is what you get" effect.

At the same time, Beijing will also encourage and support rigid and improved housing consumption. Starting from the reasonable housing purchase demands of the masses, it will better meet the diversified housing consumption demands, and precisely support the housing purchase demands of groups such as new citizens, young people and multi-child families. It will promote gradient consumption and the recycling of housing, and invigorate the stock housing market.

In terms of housing security, during the "15th Five-Year Plan" period, Beijing will strengthen the precise, hierarchical and classified support for the basic people's livelihood security through public rental housing, the security coverage rate of public rental housing for registered families will remain above 85%.

Market-oriented operation will be promoted to give play to the regulatory function of indemnificatory rental housing. Adhering to the principle of supply based on demand, the layout of indemnificatory rental housing will be optimized to better meet the rental demands of new citizens, young people and new employment groups. Qualified market rental housing will be encouraged to be incorporated into the management of indemnificatory rental housing.

This article is from the WeChat Official Account "Jing Fang Zi", author: Jing Fang Zi, authorized for release by 36Kr.