Core Viewpoint - The recent acceleration in the use of special bonds to acquire idle land across multiple regions is aimed at reducing market land inventory, improving land supply-demand relationships, enhancing liquidity for local governments and enterprises, and stabilizing the real estate market [1][2]. Group 1: Special Bond Usage and Land Acquisition - Nearly 3,000 parcels of idle land are set to be acquired using special bonds, covering over 133 million square meters, with a total acquisition amount exceeding 350 billion yuan [2][3]. - The pace of public announcements for land acquisition using special bonds has significantly increased, with over 1,500 parcels announced in April alone, surpassing the total for the first three months of the year [2][3]. - The majority of the land parcels targeted for acquisition (over 80%) belong to local state-owned enterprises, while central and private enterprises account for less than 20% [3][4]. Group 2: Regional and City-Level Insights - 23 provincial-level regions have publicly announced plans to use special bonds for land acquisition, with Guangdong leading at over 65 billion yuan in proposed acquisitions [4][5]. - In major cities, 476 parcels have been announced for acquisition, with a total proposed amount exceeding 91 billion yuan, representing approximately 25.6% of the overall proposed acquisition amount [5]. - The actual issuance of special bonds for land acquisition remains relatively small, with only five provinces having issued bonds totaling nearly 55 billion yuan, which is less than one-fifth of the proposed acquisition amounts [5].