Eddie Wu: "Good Houses" Become a New Growth Point in the Real Estate Industry

Eddie Wu, director of the Hang Lung Real Estate Research Center at Tsinghua University, stated that "good houses" have become a new growth point for the real estate industry. On the same day, the National Bureau of Statistics released China's economic "report card" for the first half of 2025, and China News Service held the "#2025 Mid-Year Economic Situation Analysis Conference#". Eddie Wu mentioned that the national standard "Residential Project Specifications," implemented in May, has significantly raised the overall quality requirements for residential properties nationwide. Various regions have also introduced various standards and guidelines related to "good houses," leading to a noticeable improvement in the quality of newly built housing supply. Many real estate companies have seized the opportunities brought by this change, not only to meet the new regulatory requirements but also to actively promote product line innovation, enhancing product strength and delivery capability. In the first half of the year, the properties with good sales in core cities were mostly "good house" projects with relatively high quality, which have had a certain degree of radiation and driving effect on the surrounding areas. Eddie Wu pointed out that "good houses" in hot cities and hot areas are driving the overall real estate market towards stabilization and recovery