Last Friday (7th), the Shanghai authorities announced the optimization and adjustment of land policies, explicitly canceling the requirement of a maximum premium ratio of 10% for land transactions. The E-house China R&D Institute believes that this policy has a very good demonstration orientation and positive significance, reflecting the highly implemented direction of "people-oriented, house-for-living, not for speculation" in mainland land policies. This will help increase the profitability of real estate companies, and the expected adjustment of premium rates will also have a positive impact on sales prices, promoting the faster allocation of high-quality land resources.

E-house China R&D Institute expects that the support policies in the land market will further promote the healthy development of the real estate market, which is an important embodiment of the policy of "letting the market play its role and providing protection according to law." It has a positive effect on boosting market confidence and more.