随着配套政策不断完善，去年专项债收储土地取得新进展。 去年四季度专项债月均发行速度加快 据中指研究院不完全统计，2025年全国各地公示拟使用专项债收回收购存量闲置土地的数量超5500宗， 总用地面积近3亿平方米(若容积率平均按2计算，有望为市场去化约6亿平方米库存)，总金额超7500亿 元。 2025年全国已发行的用于收购存量闲置土地的专项债总金额超3000亿元，约占拟收储总金额的40%。其 中，广东发行486亿元，居首位；湖南发行九批专项债，合计发行389亿元，位居第二；江西、重庆发行 专项债金额在300亿元左右。各线城市中，一二线城市合计发行约970亿元，约占总发行金额的32%。 从各月发行情况来看，2025年四季度，非"自审自发"试点地区中收购存量闲置土地专项债券相继落地发 行，发行速度加快，四季度月均发行近370亿元，较三季度月均发行规模增长13.6%(三季度月均发行325 亿元)。 据中指研究院监测，2025年全国各地公示拟使用专项债收回收购存量闲置土地的数量超5500宗，总土地 金额超7500亿元。其中多省市已发行相应专项债券合计超3000亿元，约占拟收储总规模的40%。 2025年12月末，上海 ...

Core Insights - The article discusses the progress of special bond issuance for the acquisition of idle land in China, with significant amounts being allocated across various provinces and cities [1][2][4]. Group 1: Special Bond Issuance - In 2025, over 5,500 instances of proposed special bond usage for acquiring idle land were reported, with a total land value exceeding 750 billion yuan [1]. - More than 300 billion yuan in special bonds have been issued by various provinces, accounting for approximately 40% of the total planned acquisition scale [1]. - Guangdong leads with 48.6 billion yuan issued, followed by Hunan with 38.9 billion yuan, and Jiangxi and Chongqing around 30 billion yuan each [1]. Group 2: Regional Insights - Among 31 provinces, 26 have announced plans for special bond usage to acquire idle land, with Zhejiang and Guangdong at the forefront, each exceeding 90 billion yuan in proposed acquisition amounts [2]. - Chongqing has the highest proposed acquisition amount at nearly 70 billion yuan, covering an area of about 21 million square meters [2]. - First and second-tier cities have collectively proposed around 1,250 instances of land acquisition, with a total value exceeding 270 billion yuan, representing 36% of the total [2]. Group 3: Land Use Types - Residential land constitutes the majority of the proposed acquisitions, accounting for approximately 66% of the total number of parcels, while commercial and industrial land make up about 24% and 6%, respectively [3]. Group 4: Future Expectations - Industry experts anticipate that more cities will continue to promote the acquisition of idle land in 2026, aiming to accelerate inventory reduction and improve market expectations and supply-demand relationships in the real estate market [4].