2021年是“两个百年目标”的交汇之年，也是“十四五”规划的开局之年。正是在这一历史背景之下，中国房地产业进入后开发时代，其核心标志是土地购置面积和商品住宅新开工面积已达到最高区间。后开发时代房地产业发展呈现出新的重要特征，包括存量房交易渐成市场交易的主体、由提供“有形产品”与获取“资本利得”的盈利模式向提供“无形服务”与获取“以现金流收益”为主转变、业态创新与房地产产业链更加充实丰富等。后开发时代房地产业可持续发展的动力依然存在，在新的环境下政府要优化与完善调控政策，房地产企业要科学决策与创新推进等，以更好地促进房地产业高质量持续发展。

2021 is the year when China’s two centennial goals meet and the beginning of China’s 14th Five-Year Plan. It is under this historical background that China’s real estate industry has entered the post-development era when the area of land purchase and the area of new construction of housing have reached the highest range. In the post-development era, the development of the real estate industry presents new important characteristics, including the stock housing transaction gradually becoming the main body of the housing market, the transformation from the profit model of providing “tangible products” and obtaining “capital gains” to providing “intangible services” and obtaining “cash flow income”, the innovation of business format and the enrichment of the real estate industry chain. In the post-development era, the driving force for the sustainable development of the real estate industry still exists. To better promote the high-quality and sustainable development of China’s real estate industry in this new condition, the government should optimize and improve the regulation policies while the real estate enterprises should make scientific decisions and promote innovation.