Sichuan: Exploring the acquisition of existing commercial housing for use as affordable housing, accelerating the construction of a new model for real estate development

According to Sichuan Release, on August 28th, a project promotion and investment work scheduling meeting was held in Chengdu, presided over by Wang Xiaohui, Secretary of the Sichuan Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress. Wang Xiaohui pointed out the need to focus on stabilizing industrial investment. Actively serve the construction of the national strategic hinterland, strive to secure the layout of major national projects, and accelerate the implementation of a number of major projects in Sichuan; enhance the quality and doubling of six major advantageous industries and strengthen the industrial chain of key industries, accelerate the upgrading of equipment, intelligent transformation, and the construction of provincial key industrial projects, speed up the layout of new industrial tracks, and actively assist struggling industries in transformation and upgrading, better promoting Sichuan's acceleration of the conversion of old and new kinetic energy and enhancing future competitiveness. Focus on improving livelihood investment. Accelerate the construction of key projects in the livelihood sector, continuously improve the quality of public service supply; promote the stabilization and recovery of the real estate market, fully launch urban renewal projects, explore the acquisition of existing commercial housing for use as affordable housing, and accelerate the establishment of a new model for real estate development. Enhance the investment momentum in key areas. Chengdu should fully leverage its role as a megacity, enhance its ability to attract and gather advanced productivity and high-end resource elements, and continue to take the lead and set an example in project promotion and investment work; cities with growth rates higher than the provincial average should further expand increments, optimize existing stock, and improve quality, contributing more to the overall situation of the province; cities with large economic volumes should take strong responsibility and increase measures, leveraging their own advantages to solidify project reserves and unleash investment vitality; cities experiencing negative growth should continue to address shortcomings and strengthen weaknesses, using extraordinary measures to promote work to see results as soon as possible, striving to catch up quickly with doubled efforts