以下文章来源于图数室 ，作者图数室 图数室 . 新浪新闻出品《图数室》栏目。 关注我们，用数据读懂热点。 本文来自微信公众号： 图数室 ，作者：图数室，题图来自：视觉中国 时隔8年，上海在一线城市之中率先对"商改住"禁令作出调整，出台《关于推进商务楼宇更新提升的 实施意见》，鼓励楼宇因地制宜拓展租赁住房等功能。 这一转变，直面当前商业楼宇市场高空置率的现实压力。数据显示，北上广深四大一线城市中，甲级 写字楼空置率均逼近或超过20%的警戒线，市场承压明显，同时，大城市的通勤难题也日益凸显。随 着一线大批商业楼宇土地使用期限将至，改变迫在眉睫。 上海新政能否看作放开"商改住"？它能否有效激活存量资产、缓解职住分离，并为超大城市治理提供 新思路？值得持续关注与期待。 "商改住"迎来破冰时刻？ 近期，上海出台了《关于推进商务楼宇更新提升的实施意见》，鼓励商务楼宇因地制宜地进行功能拓 展，包括租赁住房、养老托育、文化体育以及科技创新等领域。 此政策一出，网络疯传"上海放开商改住"，但没过几天政府网站和媒体又辟谣，表示商业改住宅系误 读，新规实际是规定"符合一定条件的商务楼宇可改为租赁住房"。 商改住长期处于监管灰色地带 ...

Core Viewpoint - Shanghai has introduced the first national special regulations for the update of commercial buildings, allowing for the conversion of these buildings into rental housing and other functions, which is timely for the city facing aging commercial properties and high vacancy rates [1][2]. Group 1: Policy Implementation - The new regulations encourage the compatibility of commercial buildings with functions such as commercial hotels, rental housing, and other services based on surrounding industry needs [2]. - The regulations categorize areas into main and sub-centers, regional centers, and community centers, allowing tailored renovation plans for each area [2][4]. - The policy allows for a maximum of 15 years for the temporary compatibility of functions without changing the property certificate or main structure [2][4]. Group 2: Market Context - Shanghai has over 17 million square meters of Grade A office space, with many older buildings facing issues like high vacancy rates and outdated facilities [2]. - The conversion of older Grade B office buildings into apartments is seen as feasible due to their structural advantages, such as higher ceiling heights compared to newer buildings [4][5]. Group 3: Case Studies - The Chengjia Suhe Ruibeiting Apartment Hotel is highlighted as a successful example of converting an idle office building into a serviced apartment, meeting the demand for long-term stays [6]. - The Suhe Meixin Apartment, converted from the historic Meixin Building, provides affordable rental housing and includes amenities like a shared kitchen and community center, showcasing a blend of residential and commercial functions [7]. Group 4: Expert Insights - Experts believe that the successful transformation of commercial buildings into residential spaces can serve as a model for other projects in Shanghai, enhancing urban vitality and resource utilization [5][7].

时隔8年，上海在一线城市之中率先对"商改住"禁令作出调整，出台《关于推进商务楼宇更新提升的实施意见》，鼓励楼宇因地制宜拓展租赁住房等功 能。 虽说是非常克制的一小步，政策导向已经相当明显，正如新华财经评价，此举意味着暂停8年之久的"商改住"在上海迎来了破冰时刻。 这一转变，直面当前商业楼宇市场高空置率的现实压力。数据显示，北上广深四大一线城市中，甲级写字楼空置率均逼近或超过20%的警戒线，市场承压 明显，同时，大城市的通勤难题也日益凸显。随着一线大批商业楼宇土地使用期限将至，改变迫在眉睫。 上海新政能否看作放开"商改住"？它能否有效激活存量资产、缓解职住分离，并为超大城市治理提供新思路？值得持续关注与期待。 2017年开始，各地重拳出击发布"商改住"禁令。 当时正值楼市高速扩张期。住房限购政策出台后，不少刚需消费者和投资客转向商业用房——因其不限购、单价低、地段优越，吸引大量个人资金涌入， 导致市场秩序混乱、价格快速上涨。 "商改住"迎来破冰时刻？ 近期，上海出台了《关于推进商务楼宇更新提升的实施意见》，鼓励商务楼宇因地制宜地进行功能拓展，包括租赁住房、养老托育、文化体育以及科技创 新等领域。 此政策一出，网 ...

Core Viewpoint - The recent implementation opinion from the Shanghai government allows certain existing commercial buildings to be converted for rental housing and other functions, but it does not permit the conversion of commercial office properties into residential units [2][3]. Summary by Sections Implementation Opinion Details - The implementation opinion encourages the compatibility of existing commercial buildings with functions such as rental housing, elderly care, and childcare, establishing a 15-year contract management model [2]. - In central urban areas, the opinion promotes the integration of commercial buildings with technology innovation, commercial hotels, cultural sports, and educational training, while allowing for an increase in service apartments and rental housing based on local job demands [2]. - In community center areas, the opinion permits commercial buildings to supplement services such as commercial, cultural sports, educational training, elderly care, and rental housing [2]. Misinterpretation of Policy - Some intermediaries mistakenly believe the policy encourages the purchase and investment in commercial office properties. However, the opinion strictly controls the subdivision of commercial buildings and prohibits virtual or non-physical partitioning for sale [3]. - Legal experts clarify that the opinion promotes leasing based on functional changes without altering land use or allowing for subdivision sales, indicating no encouragement for investment transactions [3]. Rental Housing Supply Increase - Allowing commercial buildings to accommodate rental housing is part of a broader strategy to increase rental housing supply, as outlined in the Housing Rental Regulations approved by the State Council [4]. - The Shanghai implementation opinion highlights support for the functional conversion of commercial buildings for a limited time, ensuring that the primary commercial office function remains intact and that safety and neighbor relations are not compromised [4].

8月12日，财政部网站公开《个人消费贷款财政贴息政策实施方案》和《服务业经营主体贷款贴息政 策实施方案》，明确了贴息政策支持范围、贴息标准、贷款经办流程、管理等细节，比如个人消费贷 款贴息在一家贷款经办机构最高不超过3000元，而符合条件的服务业经营主体单户享受贴息的贷款 规模最高可达100万元。 "特普会"细节公布 泽连斯基：不接受没有乌方参与的决定 当地时间12日，美国白宫公布"特普会"更多细节，美国总统特朗普与俄罗斯总统普京将于15日在美 国阿拉斯加州最大城市安克雷奇举行会晤，会晤将以一对一形式举行。白宫还称特朗普未来或有访问 俄罗斯的计划。12日，乌克兰总统泽连斯基表示，俄美峰会在美国领土举行是普京个人的胜利，这 次会谈的地点意味着普京正在摆脱孤立状态。泽连斯基说，尽管此类领导人层面的会谈意义重大，但 任何涉及乌克兰的决定，若没有乌克兰的参与，都是不可接受的。特朗普与普京的对话，虽然可能对 美俄双边关系至关重要，但在没有乌克兰参与的情况下，他们无权就乌克兰问题做出任何决定。 普京与金正恩通电话 讨论俄美元首会晤等议题 当地时间8月12日，克里姆林宫发布消息称，当天俄罗斯总统普京与朝鲜劳动党总书记、国务 ...

2025.08. 12 本文字数：2685，阅读时长大约5分钟 作者 | 第 一财经 马一凡 上海为商务楼宇转型租赁住房正式打开政策通道。 近期发布的《上海市人民政府办公厅关于推进商务楼宇更新提升的实施意见》明确，允许符合一定条件的存量商务楼宇可以兼容租赁住房 （含人才公寓）、养老托幼等功能，并将建立15年全周期合同管理模式。 业内人士认为，这一政策将使得被禁止多年的"商改住"未来变得合法合规、高效且风险可控，上海核心片区也将迎来高品质的租赁住房供给。 据统计，上海现有约一万栋商务楼宇，部分楼龄超30年的老旧写字楼面临设备老化、坪效低的问题，兼容租赁住房功能将有效缓解核心区 域"职住不平衡"难题，同时也给资本市场带来大量新的投资标的。 上海为商务楼宇改造送出"政策礼包" 近日，上海重磅发布《上海市人民政府办公厅关于推进商务楼宇更新提升的实施意见》（以下简称"实施意见"）及相关问题解读。 实施意见中提到，要推进商务楼宇功能拓展和融合发展，支持存量商务楼宇分区分类兼容符合地区发展导向和人民群众生产生活需求的功能 业态。 具体来看，在城市主中心和副中心区域，实施意见鼓励商务楼宇兼容科技创新、商业酒店、文化体育、教育 ...

Core Viewpoint - Yantai City is implementing a series of policy measures to accelerate the stable development of the real estate market, focusing on land supply, project development, financial support, purchase subsidies, inventory revitalization, market regulation, and administrative services [4][10][16] Group 1: Land Supply Optimization - The city is adjusting land price calculations to encourage developers to enhance product quality while reducing land acquisition costs [5] - Measures to revitalize idle land include using special bonds to acquire such land, reclaiming land that has been idle for over two years, allowing land swaps, and exploring land ticket trials [5] Group 2: Project Development Support - The policy allows flexible adjustments of land use, enabling commercial land to be converted to residential use and reducing commercial ratios in mixed-use developments [6] - New land parcels will require simultaneous infrastructure development, addressing issues like school placements to improve project delivery quality [6] - Support for high-quality residential projects includes lowering pre-sale thresholds and allowing flexible execution of assembly ratios [6] Group 3: Enhancing Housing Affordability - The calculation of floor area ratio (FAR) has been optimized, allowing balconies with a depth of ≤2 meters to be counted at 50%, thus increasing usable space [7] - Developers are required to price balconies at half their area during sales [8] Group 4: Financial Support - A "white list" for financing real estate companies has been established to ensure liquidity for quality developers [10] - The down payment for second homes using public housing funds has been reduced to 20%, and interest rates for first-time home loans have been lowered to 2.6% [10] - New loan products targeting young buyers include low down payment and low-interest options [10] Group 5: Purchase Subsidies - Tax reductions for first-time homebuyers and incentives for selling old homes to buy new ones are introduced to lower transaction costs [11] - Talent housing subsidies are available, with significant financial support for qualified individuals [11] Group 6: Inventory Revitalization - State-owned enterprises are allowed to reduce prices to accelerate inventory turnover, and idle properties can be converted into long-term rental apartments [13] - Support for the renovation of old residential areas is emphasized, allowing for the use of land within these areas to improve public services [13] Group 7: Market Regulation - The policy mandates transparency in residential sales, requiring the disclosure of both usable and built area, as well as detailed pricing information [14] - Property management companies are to be involved in the construction process to ensure service quality [15] Group 8: Administrative Services - The city is promoting efficient integration of administrative services to reduce burdens on enterprises and improve service delivery [16]

Core Insights - The article discusses the challenges in the sales of business apartments in Shenzhen, highlighting significant price reductions and promotional strategies to attract buyers [1][2][3] - Business apartments, once popular due to their unrestricted purchase and loan policies, are now facing substantial inventory pressure and declining investor interest [2][3] Group 1: Market Dynamics - Recent promotions have seen prices for business apartments drop from "80,000" to "40,000" per unit, with some small units renting for up to "12,000" per month [1] - As of June, Shenzhen's non-residential inventory reached "19,416" units with a depletion cycle of "50.7 months," indicating a significant oversupply [2] - The rental yield for some business apartments has risen to "3% to 4%," surpassing current five-year fixed deposit rates, making them attractive for investors [2] Group 2: Regulatory Environment - Many cities, including Shenzhen and Guangzhou, have halted the approval of new business apartment projects, leading to a significant reduction in supply [3] - Some cities are repurposing existing inventory for affordable housing, with initiatives like Shenyang's plan to acquire completed commercial properties for this purpose [3] - Experts suggest that converting non-residential projects into residential ones could help alleviate housing shortages and stabilize the market [3]

Core Viewpoint - The article discusses the challenges in the sales of business apartments in Shenzhen, highlighting significant price reductions and promotional strategies to address inventory issues in the market [1][2]. Group 1: Market Conditions - Business apartments, once popular due to their lack of purchase and loan restrictions, are now facing significant sales pressure, with many units remaining unsold for over two years [1][2]. - In Shenzhen, the inventory of non-residential properties has a staggering depleting cycle of 50.7 months, indicating a substantial oversupply in the market [2]. - The rental yield for some business apartments has reached 3% to 4%, surpassing the current 5-year fixed deposit interest rates, making them attractive for investors [2]. Group 2: Promotional Strategies - Developers are employing aggressive promotional tactics, including substantial price cuts, to stimulate sales in the business apartment sector [2]. - The article notes that the promotional efforts for business apartments are more intense compared to residential new homes, as they are seen as a quick way to recover funds [2]. Group 3: Regulatory Environment - Many cities, including Shenzhen and Guangzhou, have halted the approval of new business apartment projects, leading to a significant reduction in supply [3][4]. - The conversion of existing non-residential properties into affordable housing is being considered as a solution to alleviate inventory pressure and provide more housing options [4].

Core Insights - The successful land auction in Longhua District, Shenzhen, reflects intense competition among developers for high-quality land, driven by a low inventory cycle of only 7.6 months as of June [1][3] - The A802-0309 plot, which was previously designated for commercial use, was converted to residential use, highlighting a trend towards enhancing residential quality in Shenzhen's real estate market [2][3] Land Auction Details - The A802-0309 plot was sold for 2.37 billion yuan, with a floor price of approximately 38,975 yuan per square meter, representing a premium of 40.74% over the starting price [1] - The plot covers an area of 21,820.58 square meters, with a total construction area of 61,090 square meters, including residential, commercial, and childcare facilities [1] Market Trends - The recent land auction results indicate a shift towards lower density, high-quality residential developments, aligning with government policies aimed at improving living standards [2][3] - In the first half of 2025, new home transactions in Shenzhen reached 30,245 units, a year-on-year increase of 75.1%, with residential sales specifically rising by 44.9% [2] Regional Performance - Longhua, along with Bao'an and Longgang, ranks as a top area for new residential supply and sales, with notable projects achieving high sales rates [2][3] - The average new home price in the Longhua area was approximately 63,848 yuan per square meter as of June, indicating strong market demand [3]