The Ministry of Natural Resources recently issued the “Notice on Accomplishing the Work Related to Residential Land Supply in 2024”. The notice suggests that all regions should promptly optimize the scale, layout and structure of commercial office land and residential land according to market demand, and improve the residential land supply regulation mechanism corresponding to the commercial residential removal cycle and residential land stock. If the commercial residential removal cycle exceeds 36 months, the sale of new commercial residential land should be suspended, and efforts should be made to revitalize the stock until the commercial housing removal cycle falls below 36 months; cities with a commercial residential removal cycle of 18 months (not included) to 36 months should dynamically determine the upper limit of their newly sold commercial residential land area according to the principle of “how much to revitalize and how much to supply”, according to the principle of “how much to revitalize and how much to supply”, according to the principle of “how much to revitalize and supply”.
自然资源部：商品住宅去化周期超36个月的城市 暂停新增用地出让
Ministry of Natural Resources: Cities with a 36-month commercial housing removal cycle suspend sales of new land
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