Liu Lin, a researcher at the Macroeconomic Research Institute of the National Development and Reform Commission, said that in January-July of this year, the country's land concession revenue decreased by 30.8% year on year, and its contribution to local finance continued to drop drastically, which provided a window of opportunity to push forward the reform of the housing sales system. The reform of the commercial housing sales system requires new land supply projects and projects that have already purchased land but have not obtained an engineering planning permit. Single buildings can only be pre-sold after the main structure is capped, and priority selection of existing housing sales methods is encouraged. Compared with the traditional commercial housing pre-sale system, on the one hand, the new sales system will cause the repayment of housing sales to be delayed, which will affect the amount of land purchased in the short term; on the other hand, land concession prices under existing housing sales requirements will also decrease. These two effects will cause land concession revenue to fluctuate greatly in the short term. In a situation where financial dependence on land has been reduced to its lowest level in history, the impact of land concession market fluctuations on local finance will also be greatly weakened at this time. This is a rare opportunity to implement housing sales system reforms.

Liu Lin, a researcher at the Macroeconomic Research Institute of the National Development and Reform Commission, said that in January-July of this year, the country's land concession revenue decreased by 30.8% year on year, and its contribution to local finance continued to drop drastically, which provided a window of opportunity to push forward the reform of the housing sales system. The reform of the commercial housing sales system requires new land supply projects and projects that have already purchased land but have not obtained an engineering planning permit. Single buildings can only be pre-sold after the main structure is capped, and priority selection of existing housing sales methods is encouraged. Compared with the traditional commercial housing pre-sale system, on the one hand, the new sales system will cause the repayment of housing sales to be delayed, which will affect the amount of land purchased in the short term; on the other hand, land concession prices under existing housing sales requirements will also decrease. These two effects will cause land concession revenue to fluctuate greatly in the short term. In a situation where financial dependence on land has been reduced to its lowest level in history, the impact of land concession market fluctuations on local finance will also be greatly weakened at this time. This is a rare opportunity to implement housing sales system reforms.