Just now! Beijing's real estate market takes the lead! Just now, big news came from Beijing's real estate market.

This policy adjustment focuses on five core areas: the purchase thresholds for non-local residents, the purchasing qualifications for families with multiple children, mortgage interest rate pricing, the down payment ratio for public housing loans, and the management of real estate project approvals.

The core adjustments are as follows:

1. For non-local resident families purchasing commercial housing within the Fifth Ring, the years of paying social insurance or individual income tax are adjusted to be continuously paid for 2 years or more before the purchase date, down from 3 years. For purchasing commercial housing outside the Fifth Ring, the current “2 years” is reduced to “1 year.”

2. Families with two or more children can purchase one more set of commercial housing within the Fifth Ring, that is: Beijing-registered families with multiple children can purchase 3 sets of commercial housing within the Fifth Ring; non-Beijing families with multiple children who have continuously paid social insurance or individual income tax for 2 years in Beijing can purchase 2 sets of commercial housing within the Fifth Ring.

3. The interest rate pricing mechanism will no longer distinguish between first and second homes.

4. The minimum down payment ratio for second home public housing loans will be adjusted; for loan applicants (including co-applicants) using public housing loans to purchase second homes, the minimum down payment ratio will be adjusted from no less than 30% to no less than 25%.

5. To further optimize the business environment, the approval process for real estate development projects (including commercial residential, hotels, office buildings, etc.) will be adjusted from city-level approval to district-level filing.

Beijing has become the first city to take action among the four major first-tier cities.

Now Guangzhou has no purchase restrictions, while Beijing, Shanghai, and Shenzhen still do.

In the current market, I believe there is no need for purchase restrictions anymore.

The statements made in the meetings on December 8 and December 11 regarding the real estate market were relatively mild.

However, from the real estate sales data and price data, the real estate market has not yet fully stabilized, so continuous actions are still needed.

I previously shared with everyone during a live broadcast that the attitude towards real estate in 2026 is still stable.

And behind stability, it’s not that real estate will rise again, but it should be viewed from the perspective of expanding domestic demand as a strategy.

If real estate cannot stabilize, it will be difficult for consumer confidence to recover.

Especially since the main wealth of ordinary people is still concentrated in real estate, it is even more important to stabilize it now.

Next year, there will be no shortage of real estate policies.

Everyone can look forward to it together, but I want to say that everyone should see the next level up.

It was previously proposed that expanding domestic demand is a strategic move; to expand domestic demand and stimulate consumption, there will be a series of layouts, including this week's personal credit restoration, childcare agency legislation, as well as this time's early easing of Beijing's real estate market.