Group 1 - Guangzhou is actively acquiring existing residential properties for use as relocation housing, with significant actions taken in areas like Kemulang Village and Nansha District [1][3] - In 2024, Guangzhou has secured a special loan credit amount of 409.6 billion yuan for urban village renovation, with part of the funds allocated for purchasing existing residential properties [1] - As of May, Guangzhou has purchased over 6,000 existing homes for relocation purposes, nearly matching the average monthly transaction volume of new homes in the city [1] Group 2 - The city is implementing regulations to meet diverse relocation needs, allowing villagers to exchange their relocation housing for existing properties, with a maximum area of 140 square meters [1] - Guangzhou is exploring a housing voucher model, which quantifies the compensation rights of displaced residents into monetary terms, facilitating the purchase of homes [3] - Local governments believe that acquiring existing homes for relocation can address multiple issues, including reducing the relocation cycle and optimizing housing supply structure [3]