楼市“交付难”问题基本解决

Core Insights - The issue of "delivery difficulties" in the real estate sector, which once caused market panic, is gradually becoming a thing of the past as many real estate companies report their housing delivery data for 2025, indicating that the delivery work is nearing completion [1][3][4]. Group 1: Delivery Progress - By the end of the "14th Five-Year Plan," approximately 7.5 million units of "sold but undelivered" housing have been delivered nationwide, with Country Garden delivering about 1.85 million units [1][4]. - Greenland Holdings announced that it expects to deliver over 8 million square meters of residential projects in 2025, translating to around 80,000 units, following previous deliveries of 260,000, 280,000, and 140,000 units from 2022 to 2024 [3]. - Sunac Group reported cumulative deliveries of over 720,000 units from 2022 to 2025, with the delivery work nearing completion [3]. Group 2: Industry Recovery - With the pressure of delivery alleviated, the real estate sector is entering a new phase of industry recovery [2]. - The national housing and urban-rural development meeting confirmed that the delivery tasks for 2025 have been fully completed, with a delivery rate of 99% for the 3.96 million units targeted in the "guaranteed delivery" campaign [4]. - The financial support for projects has exceeded 7 trillion yuan, facilitating smooth construction and delivery [4]. Group 3: Risk Mitigation - The past three years have seen a systematic risk mitigation effort, with collaboration among national, provincial, and municipal work teams to ensure accountability among local governments, real estate companies, and financial institutions [5]. - The implementation of targeted policies has significantly reduced concerns about project delays, with many previously troubled projects now successfully delivered [5][8]. - Experts indicate that real estate risks have notably subsided, with a shift in focus for many companies towards debt resolution, asset management, and revitalizing land holdings [6][7]. Group 4: Market Stability - There are signs of stabilization in housing prices, particularly in first-tier cities, which lays a solid foundation for market recovery and rebuilds confidence in the industry [8]. - The reduction in project suspensions and the increase in timely and high-standard deliveries have effectively safeguarded buyers' rights, contributing to a more stable market environment [8].