1. National Development and Reform Commission: Completely cancel the household registration restrictions for insurance in the place of employment, and improve the policies for transferring and continuing social security relationships.

The National Development and Reform Commission issued the "Guidelines for the Construction of a National Unified Market (Trial)". It mentioned that relevant departments should improve a unified normative human resource market system, enhance the public employment service system, build a national public employment service platform, establish a nationwide unified social insurance public service platform, completely eliminate the household registration restrictions for participating in social insurance at the place of employment, and improve the policy for transferring and continuing social security relationships.

2. Jiangsu Zhenjiang issues new real estate policies, canceling the registration system for the sales prices of commercial housing.

On January 6, the Development and Reform Commission of Zhenjiang City, Jiangsu Province, issued a notice on "Stopping the Implementation of the Sales Price Registration of Commercial Housing in the Urban Area," announcing that effective December 27, 2024, the sales price registration system for newly built commercial housing will be discontinued in the urban area of Zhenjiang City (Jingkou District, Runzhou District, Danatu District, Economic Development Zone, and High-tech Zone). This measure means that developers can set their own prices when selling new houses without needing to register with relevant departments. The Zhenjiang Development and Reform Commission stated that in recent years, as the real estate market in Zhenjiang has stabilized, the focus of real estate regulation policies has shifted from controlling the rapid rise of housing prices to mainly completing the tasks of "ensuring delivery of houses and ensuring property transfer." To further improve market regulation work, the municipal Development and Reform Commission, in conjunction with the municipal Housing and Urban-Rural Development Bureau, jointly invited large real estate development enterprises in the urban area to hold discussions, and assessed the situation of commercial housing price registration in the urban area, concluding that stopping the price registration for commercial housing is more conducive to promoting the healthy and stable development of the urban real estate market, further enhancing the efficiency of real estate companies, and ensuring the timely completion of the tasks of "ensuring delivery of houses and ensuring property transfer."

3. COUNTRY GARDEN: The total housing delivery task for 2025 is significantly reduced compared to last year.

On January 6, COUNTRY GARDEN (02007.HK) held its first monthly management meeting of the group for 2025. The chairman of the Board of Directors, Yang Huiyan, pointed out that in the new year, the group's work will focus on the two key tasks of ensuring property delivery and repairing the balance sheet. The group management indicated that the total housing delivery tasks for 2025 will be significantly less than last year, and it is essential to plan and support resources in advance to ensure the smooth progress of the housing delivery work.

4. Shanghai's second-hand housing transaction volume in 2024 is 0.2427 million units, a year-on-year increase of 26.08%.

On January 6, data from Shanghai's online real estate platform showed that in December 2024, the transaction volume of second-hand housing in Shanghai was 0.0297 million units, setting a new high since March 2021. In 2024, the total transaction volume of second-hand houses in Shanghai was 242,699 units, a year-on-year increase of 26.08%, and an increase of 0.0852 million units compared to 2022, with an increase of about 54.09%. An analysis indicated that the second-hand housing market in Shanghai experienced three waves of activity in 2024, with the fourth quarter accounting for nearly one-third of the annual total. The average daily transaction volume in December was 961 units, with the highest single day reaching 1,466 units. From September to December, the monthly transaction volume almost doubled.

5. Shenzhen Property Association: Last week, the transaction volume of second-hand houses decreased by 18% compared to the previous week, showing a fluctuating running trend as the Spring Festival approaches.

According to the Statistics from the Shenzhen Real Estate Brokerage Association, in the first week of 2025 (December 30 to January 5), 1,570 second-hand houses (including self-help) were recorded in Shenzhen, a decrease of 18.4% compared to the previous week. The Shenzhen Real Estate Brokerage Association stated that with the Spring Festival holiday approaching, along with the full release of prior market demand, the second-hand housing market has shown a fluctuating downward running trend recently.

6. Lichuan County, Jiangxi: Plans to reclaim and purchase idle land in the county's central urban area, including land subject to judicial or bankruptcy auction and sale procedures.

On January 6, the Natural Resources Bureau of Lichuan County, Fuzhou City, Jiangxi Province issued a notice on the public solicitation for reclaiming and purchasing idle land in the county's central urban area. The scope of reclamation includes idle land not caused by enterprise reasons within the planned area of Lichuan County's central urban area, land for residential purposes that has been supplied but not started development, land for commercial services; other land that is undergoing judicial or bankruptcy auction or sale procedures, land that needs to be reclaimed due to inefficient land redevelopment or infrastructure construction, and portions of land within commenced plots that are planned to be subdivided but have not yet been built. (The Paper)

7. Henan: By the end of March, all eligible existing housing development loan projects will be included in the 'white list' mechanism.

Recently, the General Office of the People's Government of Henan Province issued several policy measures to promote a 'good start' for the economy in the first quarter of 2025, mentioning that it will guide localities to implement support policies for existing real estate, urge localities to introduce stronger support policies according to local conditions, hold no less than 50 housing exhibition and sales activities, further implement personal housing loan optimization and adjustment policies, issue housing subsidies and deed tax subsidies based on local conditions, effectively use local government special Bonds, and supportive loans for affordable housing to reactivate idle existing land, new land reserves and acquisition of existing Commodities, among other policies, and by the end of March, include all eligible existing housing development loan projects in the 'white list' mechanism to promote stabilization and recovery of the real estate market.

8. SUNAC China's contract sales in December reached 1.75 billion yuan, with cumulative sales in 2024 totaling 47.14 billion.

On January 6, SUNAC China Holdings Limited announced its unaudited operational data for December 2024. According to the announcement, the company's contract sales amount in December was approximately 1.75 billion yuan, with a contract sales area of about 0.138 million square meters and an average contract sales price of about 12,680 yuan per square meter. The cumulative contract sales amount for 2024 was approximately 47.14 billion yuan, with a cumulative contract sales area of about 2.261 million square meters and an average contract sales price of about 20,850 yuan per square meter.

9. Jiangxi Liuchuan has launched a plan for the recovery of idle land to improve land utilization efficiency.

On January 7, the Liuchuan Natural Resources Bureau in Fuzhou, Jiangxi Province, issued a notice publicly soliciting the recovery and acquisition of idle land in the county's central urban area. This action aims to optimize the allocation of land resources and improve land utilization efficiency. The notice specifies that the recovery and acquisition scope includes idle land in the planned area of Liuchuan's central urban area that is not caused by enterprises. This specifically includes residential land and commercial land that enterprises are unwilling or unable to continue developing, land that has been supplied but not commenced, land for Other uses that are entering judicial or bankruptcy auction, land that needs to be recovered due to low-efficiency land redevelopment or infrastructure construction, and land that has commenced construction but has parts that can be subdivided and have not yet been developed. The release of this notice indicates that Liuchuan will intensify efforts to reclaim idle land to promote the rational use of land resources and the sustainability of CityDev. At the same time, it provides an opportunity for enterprises interested in participating in land development, helping to promote local economic development.

10. Morgan Stanley: Singapore faces new risks in Real Estate regulation.

According to a Morgan Stanley research report, the surge in housing prices driven in part by speculative purchases may prompt the Singapore government to implement more cooling measures. Analysts such as Wilson Ng wrote in the report that the growth trend in the Singapore Real Estate market will continue until early 2025, as investors hope to Buy and cash out before the completion of apartments. This increases the likelihood of the government introducing more restrictive measures to cool the market. Coupled with a large influx of supply, this could lead to a 5% drop in prices this year. An increasing number of Analysts expect the government to take further action.