国常会后楼市新政提速，这一西部大城祭出稳楼市“十二条”

Core Viewpoint - Multiple institutions believe that more incremental policies for the real estate market are expected to emerge [8][9] Policy Measures - The State Council proposed "greater efforts to stabilize the real estate market" leading local governments to take action [2] - On June 19, Xi'an's housing and urban-rural development bureau, along with other departments, released a new policy with twelve measures covering land transfer, financial support, public housing fund policies, second-hand housing transactions, and more [2][3] - The measures aim to stabilize the local market and require further refinement to align with the current market situation since June [2] Land Supply and Development - The new measures prioritize land supply for high-quality housing, adjusting land prices based on market sales to lower acquisition costs and stimulate developer interest [3] - Developers can pay 50% of the land transfer fee within one month of signing the contract, with the remaining amount due within a year, facilitating quicker project initiation [3] Housing Construction - The measures encourage the construction of "good houses" by allowing developers to adjust building density and increase green space, catering to diverse market demands [4] - The acceptance of advanced housing projects has significantly increased among buyers, with acceptance rates rising from under 20% to nearly 90% [4] Financial Support for Buyers - The policy includes adjustments to personal housing loan down payment ratios and interest rate mechanisms, along with enhanced public housing fund support [5] - The new policy allows out-of-province buyers to access public housing loans in Xi'an, potentially increasing demand from this demographic [5] Second-hand Housing Market - The measures promote the development of both new and second-hand housing markets through initiatives like "trade-in" programs and tax rebates [6] - The second-hand housing market in Xi'an has seen increased activity, with transaction volumes surpassing new housing sales [6] Market Conditions and Future Outlook - The real estate market has been in a state of adjustment, with new housing sales declining by 2.9% year-on-year in the first five months of the year [7] - The average price index for new residential properties in 70 major cities fell by 4.1% year-on-year in May, indicating ongoing market challenges [7] - The introduction of these policies is seen as a necessary step to restore confidence in the market and promote stable development [8][9]