Abstract: On the analysis of the mainland China and Hong Kong, China, the United States, Britain, Germany, Japan and Singapore and other countries, on the basis of policy development, summarizes the development stage of public housing (cycle) by the "start", "grow up", "mature" and "recession" four stages, and pointed out that China's current public housing in the second phase of the development cycle."Distribution + rotation" should be by increasing the service efficiency of public housing, by way of "transition + rental" relieve excess housing inventory, eliminate class differentiation by way of "governance + fusion" spread, "exit + loop" way to solve the futures of public housing policy advice, etc.