让存量土地“动起来” 激活房地产“回稳力”

Core Viewpoint - The national housing and urban construction work conference emphasized the need to stabilize the real estate market by 2026, focusing on revitalizing idle land through urban renewal and village reconstruction [1] Group 1: Government Initiatives - The government aims to break the stagnation of idle land by implementing a collaborative approach involving government, financial institutions, enterprises, and social capital [1] - Local governments are encouraged to leverage special bonds to acquire idle land, which can alleviate financial pressure on real estate companies and create space for urban planning [1] - Special bonds have advantages such as low cost and long duration, allowing local governments to enhance corporate liquidity and support project development [1] Group 2: Market Mechanisms - As of December 12, over 5,000 parcels of idle land covering more than 260 million square meters have been earmarked for acquisition using special bonds, with expectations for continued expansion in 2026 [2] - The market-oriented approach to revitalizing idle land includes a collaboration model involving Asset Management Companies (AMCs), enterprises, and financial institutions [2][3] - AMCs can acquire debts related to idle land from real estate companies, helping them offload non-performing assets and attract new investment [3] Group 3: Role of Social Capital - Encouraging social capital participation in land development is crucial, focusing on new consumption scenarios and urban renewal [4] - Social capital can transform idle industrial and commercial land into creative industry parks, immersive commercial districts, and smart healthcare communities, aligning with diverse consumer demands [4] - The development of idle land should also enhance public facilities like transportation, education, and healthcare, promoting a virtuous cycle of urban growth [4] Group 4: Industry Transformation - Revitalizing idle land is essential not only for addressing current industry risks but also for transitioning the real estate sector from rapid expansion to high-quality development [4] - A collaborative effort among government, market, and enterprises is necessary to inject new vitality into the real estate market and activate urban development [4]