Core Insights - The storage of idle land is becoming a significant task in the real estate market this year, with over 4,300 parcels of land and an area exceeding 22 million square meters being earmarked for storage, amounting to over 550 billion yuan as of August 18 [1][2] Group 1: Special Debt Storage Progress - The issuance of special bonds for land storage is an innovative application of fiscal financial tools, helping to improve the supply-demand relationship in local land markets and alleviate financial pressure on developers [1] - 26 provinces and cities have announced plans for special debt recovery of idle land, with Guangdong province leading with nearly 79 billion yuan, followed by Zhejiang with over 60 billion yuan [1][2] - Major cities like Chongqing and Hangzhou are also significant players, with Chongqing's planned storage amounting to 53.38 billion yuan and an area of over 18.15 million square meters [1][2] Group 2: Land Use and Ownership - Residential land constitutes the primary focus of storage, accounting for approximately 66%, with commercial and industrial land making up 24% and 6% respectively [2] - About 84% of the parcels designated for storage belong to local state-owned enterprises, indicating a trend towards state-owned land in current storage operations [2] Group 3: Pricing and Debt Issuance - Approximately 50% of the parcels have a proposed storage price that is between 0.8 and 1.0 times the original transaction price, with about 31% falling between 0.9 and 1.0, reflecting a downward trend [2] - As of August 18, seven provinces have issued or are about to issue special bonds for land storage, totaling over 150 billion yuan, which represents about 27% of the total announced storage amount [2][3] Group 4: Overall Debt Issuance and Future Outlook - A total of approximately 2.88 trillion yuan in new special bonds has been issued, with about 5.2% allocated for the recovery of idle land [3] - The government has set a quota of 4.4 trillion yuan for new special bonds this year, with an estimated 800 billion yuan expected to be allocated for idle land recovery in the future [3] - The focus on optimizing existing policies and enhancing the effectiveness of implementation is aimed at stabilizing expectations and activating demand in the real estate market [3]
各地拟使用超5500亿元专项债收储土地 一二线城市占比近四成
Zheng Quan Ri Bao Wang·2025-08-22 12:50