全国约200省市县计出台房地产政策 巩固市场止跌回稳态势

Core Insights - The article highlights the ongoing efforts and innovative policies implemented across various regions in China to stabilize and revitalize the real estate market as of the third quarter of 2025 [1][2]. Policy Measures - Over 470 real estate-related policies have been introduced across approximately 200 provinces and cities, with more than 120 policies launched in the third quarter alone [1]. - Key measures include the expansion of housing provident fund (HPF) withdrawal options and targeted home purchase subsidies, particularly for families with multiple children [2]. Demand Stimulus - The optimization of housing provident fund policies has been a significant initiative, with around 220 adjustments made nationwide in 2025, including over 60 in the third quarter [1]. - Notably, Guangzhou has expanded HPF support to include second-hand homes, which is expected to alleviate the financial burden of down payments for buyers [2]. - Other cities like Shenzhen and Suzhou have also allowed HPF withdrawals for various housing-related expenses, enhancing the flexibility of financial support [2]. Supply-Side Improvements - To improve the supply-demand relationship, many regions are acquiring idle land and existing properties, with over 4,600 parcels of land and a total area exceeding 24 million square meters earmarked for acquisition [3]. - The issuance of special bonds has accelerated, with nearly 2 billion yuan already issued, representing 31% of the total planned amount [3]. Conversion of Existing Assets - Policies supporting the conversion of commercial properties into residential or public service uses have been introduced, allowing for the optimization of existing real estate assets [4][5]. - These initiatives aim to meet new societal demands while alleviating financial pressures on developers by transforming stagnant assets into effective supply [5]. Overall Market Outlook - The third quarter's policy direction has focused on fine-tuning demand stimulation through HPF and subsidy policies while accelerating the clearance of existing inventory through innovative measures [5]. - With continued policy support, the real estate market is expected to maintain its stabilization and recovery trend [5].