Core Viewpoint - Chengdu's recent land sales and new policies indicate a resilient real estate market, supported by government measures aimed at stabilizing and enhancing the housing sector [2][7]. Group 1: Land Sales - Chengdu recently sold two residential plots for a total of 19.09 billion yuan, with significant participation from developers [3]. - The plot in Chenghua District attracted 10 bidders, ultimately sold to China Travel City (Chengdu) Real Estate Co., Ltd. at a floor price of 19,100 yuan per square meter, totaling 15.79 billion yuan with a premium rate of 29.05% [3]. - The plot in Wenjiang District also saw 10 bidders, sold to Sichuan Yibin Shugang Real Estate Development Co., Ltd. at a floor price of 5,700 yuan per square meter, totaling 3.296 billion yuan with a premium rate of 14% [3]. Group 2: Market Resilience - Despite a 23% year-on-year decline in residential supply area, Chengdu's transaction area still grew by 7.5%, reaching 6.58 million square meters [4]. - The "5+2" regions remain the main supply and demand drivers, with a clearing cycle of less than 8 months for quality products [4]. Group 3: New Policies - On July 21, Chengdu introduced 17 new policies aimed at stabilizing the housing market, focusing on improving supply quality, meeting diverse demands, revitalizing existing stock, and enhancing the effectiveness of the housing fund system [5][6]. - The policies include measures to cancel housing sales restrictions in phases, reduce the down payment ratio for second homes from 30% to 20%, and facilitate new home purchases for families with children [6][7]. - These measures are expected to lower transaction costs for buyers and broaden their options, while also clarifying future development directions for the real estate market [7].

Core Viewpoint - Chengdu's real estate market shows resilience with a 7.5% year-on-year increase in transaction area despite a 23% decrease in supply area, supported by new policies aimed at stabilizing the market [3][6][9]. Group 1: Land Auction Results - On July 25, Chengdu auctioned two residential land parcels in Chenghua and Wenjiang districts, with a total transaction amount of 1.909 billion yuan [1][4]. - The Chenghua district plot attracted 10 bidders, ultimately won by China Travel City (Chengdu) Real Estate Co., Ltd. at a floor price of 19,100 yuan per square meter, totaling 1.579 billion yuan with a premium rate of 29.05% [2][5]. - The Wenjiang district plot also attracted 10 bidders, won by Sichuan Yibin Shugang Real Estate Development Co., Ltd. at a floor price of 5,700 yuan per square meter, totaling 329.6 million yuan with a premium rate of 14% [5]. Group 2: Policy Initiatives - On July 21, Chengdu introduced 17 new policies to stabilize the real estate market, focusing on enhancing supply quality, meeting diverse demands, revitalizing existing stock, and leveraging the public housing fund system [8][9]. - The policies aim to improve supply quality by implementing a "people, housing, land, and money" linkage mechanism and promoting balanced regional development [8]. - Measures include gradually lifting housing purchase restrictions, reducing the down payment ratio for second homes from 30% to 20%, and facilitating school enrollment for children of new home buyers [9].

5月7日，中国人民银行宣布，自5月8日起，下调个人住房公积金贷款利率0.25个百分点。随后，长沙、西 安、郑州、宁波、上海、南京等多地陆续发布下调公积金贷款利率的通知，并明确存量公积金贷款利率调 整政策。 其中，上海和长沙住房公积金管理中心还表示，2025年5月8日（不含）前已经发放的个人住房公积金贷款，本 年度内执行原利率，自2026年1月1日起执行调整后的利率。2025年5月8日（含）以后发放的个人住房公积金贷 款，按照调整后的利率执行。 郑州、宁波住房公积金管理中心也表示，5月8日前已审批未发放的公积金贷款，也按调整后的新利率执行。 宁波住房公积金管理中心举例称，此次公积金贷款利率调整后，如为家庭首套房，按公积金贷款100万元、30 年期、等额本息还款计，月供约减少132元、从4135.57元降至4003.4元，总利息约减少47584元、从488806.58 元降至441222.96元。 上海易居房地产研究院副院长严跃进表示，在5月7日出台一揽子金融政策后，全国各个城市陆续发布关于下调 住房公积金贷款利率的通知，意味着从5月8日起，全国各地将正式推进下调公积金利率的相关内容。公积金是 全国比较统一的一个 ...