多地持续推进“收存转保” 有效盘活存量商品房

Core Insights - The acquisition of existing residential properties is accelerating, with multiple regions issuing announcements regarding the purchase of commodity housing for the purpose of converting them into affordable rental housing [1][2] - The "stock-to-safety" model is being implemented as a market-driven approach to revitalize idle housing resources, optimizing supply structure, and demonstrating policy sustainability and financial feasibility [2][4] Group 1: Acquisition Framework - Various local governments have established a unified framework for the acquisition process, with state-owned platforms acting as the purchasing entities, using construction costs plus reasonable profits as pricing benchmarks [1][2] - Specific requirements for housing types include a focus on small-sized units, with examples such as Dali requiring units not to exceed 70 square meters [1] Group 2: Implementation and Progress - As of 2024, approximately 90 cities have announced the acquisition of existing commodity housing for affordable housing purposes [2] - Cities like Hangzhou and Hefei have successfully completed property transfers, marking significant progress in the "stock-to-safety" initiative [2] Group 3: Funding Sources - The primary funding sources for the acquisition of existing commodity housing include housing rental group loans, affordable housing refinancing loans, and special bonds [3] - Special bonds issued for this purpose have interest rates ranging from 1.3% to 2.13%, with terms of 10, 20, or 30 years, making them a low-cost and long-term financing option [3] Group 4: Future Outlook - With the acceleration of the acquisition process and diversified funding support, the "stock-to-safety" initiative is expected to see larger-scale implementation in the second half of the year [4]