Sou Hu Cai Jing·2025-07-29 13:37Core Viewpoint - Yantai City has introduced a comprehensive set of 25 policy measures aimed at accelerating the stable development of the real estate market, focusing on land supply, project development, financial support, housing subsidies, revitalization of existing stock, market regulation, and administrative services [2][3]. Group 1: Land Supply Optimization - Adjustments in land price calculations are allowed to encourage developers to enhance product quality without incurring losses due to increased costs [3]. - Strategies to revitalize idle land include using special bonds for acquisition, reclaiming land unused for over two years, allowing land swaps, and exploring land ticket trials [3]. Group 2: Project Development Support - Flexibility in land use is permitted, allowing commercial land to be converted to residential use and reducing commercial ratios in mixed-use developments [4]. - New land parcels will require simultaneous infrastructure development, addressing issues like school placements to improve project delivery quality [4]. - Support for high-quality residential projects includes lowering pre-sale thresholds and allowing flexible execution of assembly ratios [4]. Group 3: Enhancing Housing Affordability - The calculation of floor area ratio (FAR) has been optimized, with balconies up to 2 meters deep counted at 50%, increasing usable space [5]. - Developers are encouraged to price balconies at half their area during sales [6]. Group 4: Financial Support - A "white list" for financing real estate companies has been established to ensure liquidity for quality firms [7]. - The down payment for second homes using public funds has been reduced to 20%, with interest rates for first-time buyers lowered to 2.6% [7]. - New loan products targeting young buyers include low down payments and combined mortgage and renovation loans [7]. Group 5: Housing Subsidies - Tax reductions for first-time homebuyers and incentives for selling old homes to buy new ones are introduced, significantly lowering transaction costs [8]. - Talent housing subsidies are available, with significant financial support for qualified individuals [8]. Group 6: Revitalization of Existing Stock - State-owned enterprises are allowed to reduce prices to accelerate inventory turnover, and idle properties can be converted into rental apartments [9]. - Support for the renovation of old neighborhoods includes allowing the use of land for public service facilities [9]. Group 7: Market Regulation - Transparency in sales is mandated, requiring disclosure of both usable and total area, as well as detailed pricing information [10]. - Property management companies are involved early in the construction process to ensure service quality [11]. Group 8: Administrative Services - An integrated approach to administrative services is promoted to enhance efficiency and reduce burdens on enterprises [12].