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]