住建部发布会宣布增量措施促进房地产市场平稳健康发展

Policy Measures - The Ministry of Housing and Urban-Rural Development announced the implementation of 1 million new urban village and dilapidated housing renovations through monetized resettlement[1] - By the end of the year, the credit scale for "white list" projects will be increased to 4 trillion yuan, nearly doubling the current amount of 2.23 trillion yuan approved loans[2] - The government will allow local authorities to issue special bonds and provide tax incentives to support the financing of these projects[1] Market Outlook - The government aims to stabilize the real estate market, with a focus on policy implementation in the short term and potential expansion of monetized resettlement in the medium term[3] - If policies are effectively implemented, property sales are expected to stabilize by mid-next year, with a potential positive year-on-year growth rate[3] - The need for renovation in 35 major cities is estimated at 1.7 million units, indicating significant demand for housing improvements[1] Financial Support - Special loans will be provided by development and policy financial institutions to support the renovation projects[1] - The central bank is expected to issue special re-loans to facilitate the acquisition of existing land by qualified enterprises[2] - The government has approximately 2.3 trillion yuan in special bond funds available for use in the last three months of the year, with an additional 290 billion yuan remaining for issuance[2]